House of Representatives
Financial Services Reform Bill 2001
Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Peter Costello, MP)5 Abbreviations
5.1 The following abbreviations are used in this Explanatory Memorandum:
| ACCC | Australian Competition and Consumer Commission |
| ADI | Authorised Deposit-taking Institution |
| APRA | Australian Prudential Regulation Authority |
| ASIC Act | Australian Securities and Investments Commission Act 1989 |
| ASIC | Australian Securities & Investments Commission |
| ASX | Australian Stock Exchange |
| ATM | Automated Teller Machine |
| BRAG | Business Regulation Advisory Group |
| CASAC | Companies and Securities Advisory Committee |
| CLERP Act | Corporate Law Economic Reform Program Act 1999 |
| CLERP | Corporate Law Economic Reform Program |
| Criminal Code | Criminal Code contained in the Criminal Code Act 1995 |
| DPB | Declared Professional Body |
| ED | Enhanced Disclosure |
| FSG | Financial Services Guide |
| FSI | Financial System Inquiry |
| FSR Bill | Financial Services Reform Bill |
| IABA | Insurance (Agents and Brokers) Act 1984 |
| Insurance Act | Insurance Act 1973 |
| Insurance Contracts Act | Insurance Contracts Act 1984 |
| Life Insurance Act | Life Insurance Act 1995 |
| MINCO | Ministerial Council on Corporations |
| NGF | National Guarantee Fund |
| OTC | Over-the-Counter |
| PDS | Product Disclosure Statement |
| Proposed ASIC Act | Proposed Australian Securities and Investments Commission Act 2001 |
| Proposed Corporations Act | Proposed Corporations Act 2001 |
| PSB | Payments System Board |
| RBA | Reserve Bank of Australia |
| RSA Act | Retirement Savings Account Act 1997 |
| RSA | Retirement savings account |
| SCH | Securities Clearing House |
| SEGC | Securities Exchanges Guarantee Corporation |
| SFE | Sydney Futures Exchange |
| SFSG | Supplementary Financial Services Guide |
| SIS Act | Superannuation Industry (Supervision) Act 1993 |
| SoA | Statement of Advice |
| TPA | Trade Practices Act 1974 |
| UCCC | Uniform Consumer Credit Code |