House of Representatives
Insolvency Law Reform Bill 2015
Explanatory Memorandum
(Circulated by the authority of the Minister for Small Business, Assistant Treasurer, the Hon Kelly O'Dwyer MP and the Attorney-General, the Hon Senator George Brandis)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
| AAT | Administrative Appeals Tribunal |
| Acts | Corporations Act and the Bankruptcy Act |
| AFSA | Australian Financial Security Authority |
| ARITA | Australian Restructuring Insolvency and Turnaround Association |
| ASIC | The Australian Securities and Investments Commission |
| ASIC Act | Australian Securities and Investments Commission Act 2001 |
| Bankruptcy Act | Bankruptcy Act 1966 |
| Bankruptcy Regulations | Bankruptcy Regulations 1996 |
| Bill | Insolvency Law Reform Bill 2015 |
| CALDB | The Companies Auditors and Liquidators Disciplinary Board |
| COI | Committee of inspection |
| Corporations Act | Corporations Act 2001 |
| Insolvency practitioner | Collective term for both registered liquidators and registered trustees |
| options paper | Options Paper: A modernization and harmonization of the regulatory framework applying to insolvency practitioners in Australia, Australian Government, June 2011 |
| proposals paper | Proposals Paper: A modernization and harmonization of the regulatory framework applying to insolvency practitioners in Australia, Australian Government, December 2011 |
| Senate Inquiry Report | The regulation, registration and remuneration of insolvency practitioners in Australia: the case for a new framework, Senate Economics References Committee, September 2010 |