House of Representatives
Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025
Explanatory Memorandum
(Circulated by authority of the Assistant Minister for Productivity, Competition, Charities and Treasury, the Hon Dr Andrew Leigh MP)Glossary
This Explanatory Memorandum uses the following abbreviations and acronyms.
| Abbreviation | Definition |
| AAO | Administrative Arrangement Order |
| ACCC | Australian Competition and Consumer Commission |
| ACL | Australian Consumer Law – Schedule 2 to the Competition and Consumer Act 2010 |
| ACNC | Australian Charities and Not-for-profits Commission |
| ACNC Act | Australian Charities and Not-for-profits Commission Act 2012 |
| AFS | Australian Financial Services |
| APRA | Australian Prudential Regulation Authority |
| ASIC | Australian Securities and Investments Commission |
| ASIC Act | Australian Securities and Investments Commission Act 2001 |
| Bill | Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 |
| CCA | Competition and Consumer Act 2010 |
| Commissioner | Commissioner of Taxation |
| Corporations (ATSI) Act | Corporations (Aboriginal and Torres Strait Islander) Act 2006 |
| Corporations (Fees) Act | Corporations (Fees) Act 2001 |
| Corporations (Review Fees) Act | Corporations (Review Fees) Act 2003 |
| Corporations Act | Corporations Act 2001 |
| Corporations Amendment (Professional Standards of Financial Advisers) Act | Corporations Amendment (Professional Standards of Financial Advisers) Act 2017 |
| Corporations Regulations | Corporations Regulations 2001 |
| Customs Act | Customs Act 1901 |
| DCCEEW | Department of Climate Change, Energy, the Environment and Water |
| DS Act | Disability Services Act 1986 |
| DSI Act | Disability Services and Inclusion Act 2023 |
| DSS | Department of Social Services |
| EL | Executive Level |
| Excise Act | Excise Act 1901 |
| FASEA | Financial Adviser Standards and Ethics Authority |
| FATA | Foreign Acquisitions and Takeovers Act 1975 |
| Financial Sector Reform (Hayne Royal Commission Response—Better Advice) Act | Financial Sector Reform (Hayne Royal Commission Response—Better Advice) Act 2021 |
| FRAA | Financial Regulator Assessment Authority |
| FRAA Act | Financial Regulator Assessment Authority Act 2021 |
| FT Act | Fuel Tax Act 2006 |
| GST | Goods and services tax |
| GST Act | A New Tax System (Goods and Services Tax) Act 1999 |
| Guide to Framing Commonwealth Offences | Guide to Framing Commonwealth Offences, Infringement Notices and Enforcement Powers |
| Human Rights (Parliamentary Scrutiny) Act | Human Rights (Parliamentary Scrutiny) Act 2011 |
| ICCPR | International Covenant on Civil and Political Rights |
| IGT | Inspector-General of Taxation |
| IGT Act | Inspector-General of Taxation Act 2003 |
| ITAA 1997 | Income Tax Assessment Act 1997 |
| ITTP Act | Income Tax (Transitional Provisions) Act 1997 |
| NRAS | National Rental Affordability Scheme |
| NRAS Act | National Rental Affordability Scheme Act 2008 |
| PEMM | Prohibiting Energy Market Misconduct |
| PEMM Act | Treasury Laws Amendment (Prohibiting Energy Market Misconduct) Act 2019 |
| Privacy Act | Privacy Act 1988 |
| SES | Senior Executive Service |
| SPF | Scams Prevention Framework |
| SPF Act | Scams Prevention Framework Act 2025 |
| TAA | Taxation Administration Act 1953 |
| TFN | Tax file number |
| Treasury | The Department of the Treasury |