House of Representatives
Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 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 |
| APRA | Australia Prudential Regulation Authority |
| ASIC | Australian Securities and Investments Commission |
| Bill | Financial Sector Reform (Hayne Royal Commission Response No. 2) Bill 2020 |
| Corporations Act | Corporations Act 2001 |
| 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 |
| Ongoing fee arrangement | A type of arrangement defined in section 962A of the Corporations Act and the subject of amendments implementing recommendation 2.1 (see Schedule 1 to this Bill). |
| SIS Act | Superannuation Industry (Supervision) Act 1993 |