House of Representatives
Treasury Laws Amendment (Financial Services Compensation Scheme of Last Resort) Bill 2023
Explanatory Memorandum
(Circulated by authority of the Assistant Treasurer and Minister for Financial Services, the Hon Stephen Jones MP)Glossary
This Explanatory Memorandum uses the following abbreviations and acronyms.
| Abbreviation | Definition |
| AFCA | Australian Financial Complaints Authority |
| ASIC | Australian Securities and Investments Commission |
| ASIC Act | Australian Securities and Investments Commission Act 2001 |
| ASIC supervisory cost recovery levy framework | The levy framework established by the ASIC Supervisory Cost Recovery Levy Act 2017 |
| Corporations Act | Corporations Act 2001 |
| Credit Act | National Consumer Credit Protection Act 2009 |
| CSLR | Compensation Scheme of Last Resort |
| 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 |
| ICCPR | International Covenant on Civil and Political Rights |
| Ramsay Review | The Supplementary Final Report of the Review of the financial system external dispute resolution and complaints framework |