House of Representatives

Corporations Amendment (Corporate Reporting Reform) Bill 2010

Corporations Amendment (Corporate Reporting Reform) Act 2010

Explanatory Memorandum

Circulated By the Authority of the Minister for Financial Services, Superannuation, Corporate Law and Human Services, the Hon Chris Bowen

Glossary

The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
AASB Australian Accounting Standards Board
APRA Australian Prudential Regulation Authority
ASIC Australian Securities and Investments Commission
ASIC Act Australian Securities and Investments Commission Act 2001
AUASB Auditing and Assurance Standards Board
CAC Act Commonwealth Authorities and Companies Act 1997
CALDB Company Auditors and Liquidators Disciplinary Board
Corporations Act Corporations Act 2001
CPAA CPA Australia
FMA Act Financial Management and Accountability Act 1997
FRC Financial Reporting Council
GRI Act Governance Review Implementation (AASB and AUASB) Act 2008
IASB International Accounting Standards Board
ICAA Institute of Chartered Accountants in Australia
IFRS International Financial Reporting Standards
IPAA Insolvency Practitioners Association of Australia
NIA National Institute of Accountants
RIS Regulation Impact Statement

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