Senate
Corporations Amendment (Asia Region Funds Passport) Bill 2018
Revised Explanatory Memorandum
(Circulated by authority of the Minister for Revenue and Financial Services, Minister for Women and Minister Assisting the Prime Minister for the Public Service, the Hon Kelly O'Dwyer MP)This memorandum takes account of amendments made by the House of Representatives to the bill as introduced.
Glossary
The following abbreviations and acronyms are used throughout this Explanatory Memorandum.
| Abbreviation | Definition |
| AAT | Administrative Appeals Tribunal |
| AFSL | Australian Financial Services Licence |
| AML/CTF | Anti-Money Laundering and Counter-Terrorism Financing |
| AML/CTF Act | Anti-Money Laundering and Counter-Terrorism Financing Act 2006 |
| APEC | Asia-Pacific Economic Cooperation |
| APFRN | Australian Passport Fund Registration Number |
| APRA | Australian Prudential Regulation Authority |
| ASIC | Australian Securities and Investments Commission |
| ASIC Act | Australian Securities and Investments Commission Act 2001 |
| AUSTRAC | Australian Transaction Reports and Analysis Centre |
| Bill | Corporations Amendment (Asia Region Funds Passport) Bill 2018 |
| CIS | Collective investment scheme |
| Corporations Act | Corporations Act 2001 |
| Corporations Regulations | Corporations Regulations 2001 |
| Criminal Code | The Criminal Code, as set out in the Schedule to the Criminal Code Act 1995 |
| FRL | Federal Register of Legislation established under the Legislation Act 2003 |
| Guide | Attorney-General's Department, A Guide to Framing Commonwealth Offences, Infringement Notices and Enforcement Powers, September 2011 |
| IMR | Investment Manager Regime |
| IOSCO | International Organization of Securities Commissions |
| Johnson Report | Australian Financial Centre Forum, Australia as a Financial Centre - Building on our Strengths, 2009 |
| Joint Committee | Asia Region Funds Passport Joint Committee |
| MIS | Managed investment scheme |
| MOC | Memorandum of Cooperation on the Establishment and Implementation of the Asia Region Funds Passport |
| Participating economy | A signatory of the MOC who has not withdrawn from the MOC, until such time as the MOC is terminated |
| Passport | Asia Region Funds Passport |
| PDS | Product Disclosure Statement |
| Register | Register of Passport Funds |