Abbreviations

Abbreviations

AAT

Administrative Appeals Tribunal

ABC

Australian Broadcasting Corporation

ABN

Australian Business Number

ACCC

Australian Competition and Consumer Commission

ACI

Advisers' Committee for Investors

ACLEI

Australian Commission for Law Enforcement Integrity

ADI

Authorised Deposit-taking Institution

AFP

Australian Federal Police

AFS licence

Australian financial services licence

AFSA

Australian Financial Security Authority

AFSL

see AFS licence

ANAO

Australian National Audit Office

ANZ

Australia and New Zealand Banking Group Limited

APRA

Australian Prudential Regulation Authority

ARITA

Australian Restructuring Insolvency and Turnaround Association

ASIC

Australian Securities and Investments Commission

ASIC Act

Australian Securities and Investments Commission Act 2001 (Cth)

ASX

Australian Securities Exchange

ATO

Australian Taxation Office

AWB

Australian Wheat Board

BFCSA

Banking and Finance Consumers Support Association (Inc)

BoQ

Bank of Queensland

Campbell Inquiry

1981 report of the Committee of Inquiry into the Australian Financial System, chaired by Sir J. Keith Campbell

CAP

Consumer Advisory Panel

CBA

Commonwealth Bank of Australia

CCLC

Consumer Credit Legal Centre (NSW) Inc

CDPP

Commonwealth Director of Public Prosecutions

CEO

Chief executive officer

CFO

Chief financial officer

CFP

see CFPL

CFPB

Consumer Financial Protection Bureau (US)

CFPL

Commonwealth Financial Planning Limited

CICP

Continuous Improvement Compliance Program

CLERP

Corporate Law Economic Reform Program

CLERP 6

Financial Services Reform Act 2001 (Cth)

CLERP 9

Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act 2004 (Cth)

COAG

Council of Australian Governments

Corporations Act

Corporations Act 2001 (Cth)

Corporations legislation

The Corporations Act, ASIC Act and rules of court made or applied by specified court (See Corporations Act, s. 9)

COSL

Credit Ombudsman Service Limited

CPSU

Community and Public Sector Union

DPP

see CDPP

EDR

External dispute resolution

EU

Enforceable undertaking

FCA

Financial Conduct Authority (UK)

FMA Act

Financial Management and Accountability Act 1997 (Cth)

FNA

Financial needs analysis

FOFA

Future of Financial Advice

FOS

Financial Ombudsman Service Limited

FSCC

Financial Services Consultative Committee

FSP

Financial services provider

FTE

Full-time equivalent

FWL

Financial Wisdom Limited

G20

Group of Twenty

GFC

Global financial crisis

ICAA

Institute of Chartered Accountants in Australia

IMF

International Monetary Fund

IOSCO

International Organization of Securities Commissions

IPA

Insolvency Practitioners Association (now ARITA)

ITSA

Insolvency & Trustee Service Australia (now AFSA)

KPI

Key performance indicator

LMIM

LM Investment Management Limited

MEL

Macquarie Equities Limited

MOU

Memorandum of understanding

MPF

LM Managed Performance Fund

MYEFO

Mid-year Economic and Fiscal Outlook

NAB

National Australia Bank Limited

National Credit Act

National Consumer Credit Protection Act 2009 (Cth)

NZ

New Zealand

OECD

Organisation for Economic Co-operation and Development

OTC

Over-the-counter

PGPA Act

Public Governance, Performance and Accountability Act 2013 (Cth)

PIDA

Public Interest Disclosure Act 2013 (Cth)

PJCCFS

Parliamentary Joint Committee on Corporations and Financial Services

PJCCFS CLERP 9 report

Report of the Parliamentary Joint Committee on Corporations and Financial Services: CLERP (Audit Reform and Corporate Disclosure) Bill 2003, Part 1: Enforcement, executive remuneration, continuous disclosure, shareholder participation and related matters (June 2004)

PwC

PricewaterhouseCoopers

RBA

Reserve Bank of Australia

RE

Responsible entity

RG 146

ASIC's Regulatory Guide 146, Licensing: Training of financial product advisers (July 2012)

RIS

Regulation Impact Statement

RMF

Risk management framework

SCT

Superannuation Complaints Tribunal

SEC

US Securities and Exchange Commission

SME

Small and medium enterprises

SMSF

Self-managed superannuation fund

SoA

Statement of Advice

UAE

United Arab Emirates

UCCC

Uniform Consumer Credit Code

UK

United Kingdom of Great Britain and Northern Ireland

US

United States of America

UTS

University of Technology, Sydney

Wallis Inquiry

The 1997 review of the financial system chaired by Mr Stan Wallis AC

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