Explanatory Memorandum
(Circulated by authority of the Treasurer, the Honourable Peter Costello MP)2 Abbreviations
The following abbreviations are used in this explanatory memorandum.
| AAPBS | Australian Association of Permanent Building Societies |
| ACCC | Australian Competition and Consumer Commission |
| ACT | Australian Capital Territory |
| ADI | Authorised Deposit-taking Institution |
| AFIC | Australian Financial Institutions Commission |
| APCA | Australian Payments Clearing Association |
| APRA | Australian Prudential Regulation Authority |
| APSC | Australian Payments System Council |
| ASC | Australian Securities Commission |
| ASIC | Australian Securities and Investments Commission |
| CUSCAL | Credit Union Services (Australia) Limited |
| DTI | Deposit Taking Institution |
| FIC | Financial Institutions Code |
| FCA | Financial Corporations Act 1974 |
| FSAC | Financial Sector Advisory Council |
| FSI | Financial System Inquiry |
| ISC | Insurance and Superannuation Commission |
| NBFI | Non-Bank Financial Institutions |
| NCDs | Non-Callable Deposits |
| NOHC | Non-Operating Holding Company |
| PSB | Payments System Board |
| RBA | Reserve Bank of Australia |
| RIS | Regulation Impact Statement |
| RTGS | Real-Time Gross Settlement |
| SSA | State Supervisory Authority |
| SSP | Special Service Provider |
| TPA | Trade Practices Act 1974 |
| UCCC | Uniform Consumer Credit Code |