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House of Representatives

Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Bill 2021

Explanatory Memorandum

(Circulated by authority of Senator the Hon. Jane Hume, Minister for Superannuation, Financial Services and the Digital Economy, Minister for Women's Economic Security)

Glossary

The following abbreviations and acronyms are used throughout this explanatory material

Abbreviation Definition
AAT Administrative Appeals Tribunal
ASIC Australian Securities and Investments Commission
ASIC Act Australian Securities and Investments Commission Act 2001
Bill Financial Sector Reform (Hayne Royal Commission Response - Better Advice) Bill 2021
Corporations Act Corporations Act 2001
CPD year Continuing professional development year
FASEA Financial Adviser Standards and Ethics Authority
Financial services licensee Australian Financial Services licence-holder
Financial Services Royal Commission Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry
Guide to Framing Commonwealth Offences Attorney-General's Department's A Guide to Framing Commonwealth Offences, Infringement Notices and Enforcement Powers, September 2011 edition
Old Tax Agent Services Act Old Tax Agent Services Act 2009
Tax Practitioners Board Review Independent Review of the Tax Practitioners Board


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