House of Representatives

Treasury Laws Amendment (2017 Measures No. 5) Bill 2017

ASIC Supervisory Cost Recovery Levy Amendment Bill 2017

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Scott Morrison MP)


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

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