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House of Representatives

Corporations Amendment (Insolvency) Bill 2007

Explanatory Memorandum

(Circulated by the authority of the Parliamentary Secretary to the Treasurer, the Hon Chris Pearce, MP)

1 - Glossary

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

Abbreviation Definition
ACN Australian Company Number
AGM Annual General Meeting
ASIC Australian Securities and Investments Commission
ASIC Act Australian Securities and Investments Commission Act 2001
ATO Australian Taxation Office
Bankruptcy Act Bankruptcy Act 1966
CALDB Companies Auditors and Liquidators Disciplinary Board
CAMAC Corporations and Markets Advisory Committee, previously the Corporations and Securities Advisory Committee
CAMAC Report (1998) 1998 Corporations and Markets Advisory Committee Report Corporate Voluntary Administration
CAMAC Report (2004) 2004 Corporations and Markets Advisory Committee Report Rehabilitation of Large and Complex Enterprises
CASAC Corporations and Securities Advisory Committee
Corporations Act Corporations Act 2001
DEWR Department of Employment and Workplace Relations
DOCA Deed of Company Arrangement
GEERS General Employee Entitlements and Redundancy Scheme
ICAA Institute of Chartered Accountants in Australia
IPAA Insolvency Practitioners Association of Australia
James Hardie Report 2004 Report of the James Hardie Special Commission of Inquiry
OCH Options Clearing House
PJC Report 2004 Parliamentary Joint Committee on Corporations and Financial Services (PJC) Report Corporate Insolvency Laws: A Stocktake
Review of Insolvency Practitioners 1997 Review of the Regulation of Corporate Insolvency Practitioners
ROT clause Retention of Title Clause
SGAA Superannuation Guarantee (Administration) Act 1992
SGC Superannuation Guarantee Charge
UNCITRAL United Nations Commission on International Trade Law


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