Explanatory Memorandum
(Circulated by authority of the Treasurer, the Hon Scott Morrison MP)Glossary
The following abbreviations and acronyms are used throughout this explanatory memorandum.
| Abbreviation | Definition |
| AAT | Administrative Appeals Tribunal |
| AFSL | Australian financial services licence |
| APRA | Australian Prudential Regulation Authority |
| ARC | Administrative Review Council |
| ASIC | Australian Securities and Investments Commission |
| ASIC Levy Bill | ASIC Supervisory Cost Recovery Levy Amendment Bill 2017 |
| BAB | Bank accepted bill |
| BBSW | Bank bill swap rate |
| Bill | Treasury Laws Amendment (2017 Measures No. 5) Bill 2017 |
| CFR | Council of Financial Regulators |
| Commission | Productivity Commission |
| Corporations Act | Corporations Act 2001 |
| Cost Recovery Act | ASIC Supervisory Cost Recovery Levy Act 2017 |
| Criminal Code | The Criminal Code set out in the Schedule of the Criminal Code Act 1995 |
| Guide | A Guide to Framing Commonwealth Offences, Infringement Notices and Enforcement Powers, issued by the Attorney-General's Department |
| ICCPR | International Covenant on Civil and Political Rights |
| IOSCO | International Organization of Securities Commissions |
| IOSCO Principles | Principles for Financial Benchmarks, IOSCO |
| Legislation Act | Legislation Act 2003 |
| LIBOR | London Interbank Offered Rate |
| NCD | Negotiable certificate of deposit |
| Productivity Commission Act | Productivity Commission Act 1988 |
| Regulatory Powers Act | Regulatory Powers (Standard Provisions) Act 2014 |