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House of Representatives

Financial Sector Reform (Hayne Royal Commission Response) Bill 2020

Corporations (Fees) Amendment (Hayne Royal Commission Response) Bill 2020

Corporations (Fees) Amendment (Hayne Royal Commission Response) Act 2020

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Josh Frydenberg MP)

Glossary

The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
ACCC Australian Competition and Consumer Commission
AFCA Australian Financial Complaints Authority
APRA Australian Prudential Regulation Authority
APRA Act Australian Prudential Regulation Authority Act 1998
ASIC Australian Securities and Investments Commission
ASIC Act Australian Securities and Investments Commission Act 2001
Bill Financial Sector Reform (Hayne Royal Commission Response) Bill 2020
Corporations Act Corporations Act 2001
Credit Act National Consumer Credit Protection Act 2009
Criminal Code Criminal Code Act 1995
Financial services law The term financial services law is defined in section 761A of the Corporations Act 2001. It includes certain chapters of the Corporations Act 2001 (including Chapter 7) and of the Australian Securities and Investments Commission Act 2001, and some Commonwealth, state or territory, or common laws relating to the provision of financial services.
Financial Services Royal Commission Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry
Financial Services Royal Commission Final Report The Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry
the Guide to Framing Commonwealth Offences The Attorney-General's Department's A Guide to Framing Commonwealth Offences, Infringement Notices and Enforcement Powers, September 2011 edition
Insurance Contracts Act Insurance Contracts Act 1984
National Credit Code National Credit Code at Schedule 1 to the National Consumer Credit Protection Act 2009
RSE Registrable superannuation entity
SIS Act Superannuation Industry (Supervision) Act 1993


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