House of Representatives
Financial Sector Legislation Amendment (Restructures) Bill 2007
Explanatory Memorandum
(Circulated by the authority of the Treasurer, the Hon Peter Costello, MP)Glossary
1.1 The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
|---|---|
| ADI | Authorised deposit-taking institution |
| APRA | Australian Prudential Regulatory Authority |
| ASIC | Australian Securities and Investments Commission |
| Bill | Financial Sector Legislation Amendment (Restructures) Bill 2007 |
| Corporations Act | Corporations Act 2001 |
| Court | Means a court with jurisdiction in respect of Chapter 5 of the Corporations Act 2001 , namely the Federal Court or a Supreme Court of a State or Territory |
| FSTBA | Financial Sector (Transfers of Business) Act 1999 |
| NOHC | Non-operating holding company |
| NOHC structure | A non-operating holding company is the ultimate holding entity of the group in Australia |
| Operating body | An ADI, general insurer or life insurance company |
| Wallis Review | Financial System Inquiry , March 1997 |