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House of Representatives

Banking Amendment (Covered Bonds) Bill 2011

Explanatory Memorandum

(Circulated by the authority of the Deputy Prime Minister and Treasurer, the Hon Wayne Swan MP)


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

Abbreviation Definition
ADI Authorised Deposit-taking Institution
ADIs Authorised Deposit-taking Institutions
APRA Australian Prudential Regulation Authority
FCS Financial Claims Scheme
RMBS Residential mortgage-backed securities
this Bill Banking Amendment (Covered Bonds) Bill 2011

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