House of Representatives
Financial System Legislation Amendment (Financial Claims Scheme and Other Measures) Bill 2008
Explanatory Memorandum
Circulated By the Authority of the Treasurer, the Hon Wayne Swan MpGlossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
| ADI | Authorised deposit-taking institution |
| ALRC | Australian Law Reform Commission |
| AML-CTF Act | Anti-Money Laundering and Counter Terrorism Act 2006 |
| APRA | Australian Prudential Regulation Authority |
| APRA Act | Australian Prudential Regulation Authority Act 1998 |
| ASIC | The Australian Securities and Investments Commission |
| Banking Act | Banking Act 1959 |
| Commonwealth | Commonwealth of Australia |
| Corporations Act | Corporations act 2001 |
| Davis Report | Study of Financial System Guarantees |
| EAFD | Early Access Facility for Depositors |
| FCS | Financial Claims Scheme |
| Federal Court | Federal Court of Australia |
| FSS Special Account | Financial System Stability Special Account |
| Government | The Australian Government |
| HIH | The HIH Group of Companies |
| IMF | International Monetary Fund |
| Insurance Act | Insurance Act 1973 |
| ITAA | Income tax Assessment Act 1997 |
| Legislative Instruments Act | Legislative Instruments Act 2003 |
| Life Insurance Act | Life Insurance Act 1995 |
| PCF | Policyholder Compensation Facility |
| RBA | The Reserve Bank of Australia |
| Scheme | Financial Claims Scheme |
| SIS Act | Superannuation Industry (Supervision) Act 1993 |
| Court | The Federal Court of Australia |
| TFN | Tax file number |
| The Inquiry | The 1997 Financial System Inquiry |