House of Representatives

Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Bill 2010

Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Act 2010

Explanatory Memorandum

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

Glossary

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

Abbreviation Definition
ACCC Australian Competition and Consumer Commission
ADI Authorised deposit-taking institution
APRA Australian Prudential Regulation Authority
APRA Act Australian Prudential Regulation Authority Act 1998
ASIC Australian Securities and Investments Commission
Banking Act Banking Act 1959
Bill Financial Sector Legislation Amendment (Prudential Refinements and Other Measures) Bill 2010
Corporations Act Corporations Act 2001
FCS Financial Claims Scheme
FCS Act Financial System Legislation Amendment (Financial Claims Scheme and Other Measures) Act 2008
Federal Court Federal Court of Australia
FHSA Act First Home Saver Accounts Act 2008
Business Transfer and Group Restructure Act Financial Sector (Business Transfer and Group Restructure) Act 1999
FSCODA Financial Sector (Collection of Data) Act 2001
Government The Australian Government
ITAA Income Tax Assessment Act 1997
Insurance Act Insurance Act 1973
Levy imposition Acts The Authorised Deposit-taking Institutions Supervisory Levy Imposition Act 1998, First Home Saver Account Providers Supervisory Levy Imposition Act 2008, General Insurance Supervisory Levy Imposition Act 1998, Life Insurance Supervisory Levy Imposition Act 1998, Retirement Savings Account Providers Supervisory Levy Imposition Act 1998 and the Superannuation Supervisory Levy Imposition Act 1988
Life Insurance Act Life Insurance Act 1995
NOHC Non-operating holding company
Payment Systems and Netting Act Payment Systems and Netting Act 1998
PTA Pooled Trust Account
RBA Reserve Bank of Australia
RBA Act Reserve Bank Act 1959
RSE Registrable Superannuation Entity
RSA Act Retirement Savings Accounts Act 1998
Superannuation Industry (Supervision) Act Superannuation Industry (Supervision) Act 1993

Copyright notice

© Australian Taxation Office for the Commonwealth of Australia

You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).