House of Representatives

Corporations and Other Legislation Amendment (Trustee Companies and Other Measures) Bill 2011

Explanatory Memorandum

(Circulated by the authority of the Assistant Treasurer and Minister for Financial Services and Superannuation, the Hon Bill Shorten MP)

Glossary

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

Abbreviation Definition
AFSL Australian financial services licence
ASIC Australian Securities and Investments Commission
ASIC Act Australian Securities and Investments Commission Act 2001
ATM automatic teller machine
Bill Corporations and Other Legislation Amendment (Trustee Companies and Other Measures) Bill 2011
CCA Competition and Consumer Act 2010
COAG Council of Australian Governments
Corporations Act Corporations Act 2001
Minister Minister responsible for administering the Corporations Act determined in accordance with section 19A of the Acts Interpretation Act 1901
PSRA Payment System Regulation Act 1998
RBA Reserve Bank of Australia
regulations Corporations Regulations 2001
TCA Trustee Corporations Association of Australia


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