Acronyms and Abbreviations

Acronyms and Abbreviations

ABAAustralian Bankers’ Association

ABIOAustralian Banking Industry Ombudsman

ABSAustralian Bureau of Statistics

ACCCAustralian Competition and Consumer Commission

ACCIAustralian Chamber of Commerce and Industry

ADRalternative dispute resolution

AFICAustralian Financial Institutions Commission

AFIC CodeAustralian Financial Institutions Commission Code 1992

AFMAAustralian Financial Markets Association

AGPSAustralian Government Publishing Service

AIDCAustralian Industry Development Corporation

ALRCAustralian Law Reform Commission

ANZANZ Banking Group

APCAAustralian Payments Clearing Association

APECAsia-Pacific Economic Cooperation

APRCAustralian Prudential Regulation Commission

APSCAustralian Payments System Council

ASCAustralian Securities Commission

ASXAustralian Stock Exchange

ATMautomated teller machine

ATOAustralian Taxation Office

Banking ActBanking Act 1959

Banks (Shareholdings) ActBanks (Shareholdings) Act 1972

BISBank for International Settlements

BITSBank Interchange and Transfer System

CBACommonwealth Bank of Australia

CEDACommittee for Economic Development of Australia

CEMTEXCentral Magnetic Tape Exchange

CFMCommonwealth Funds Managment

CFRCouncil of Financial Regulators

CFSCouncil of Financial Supervisors

CFSCCorporations and Financial Services Commission

CGTcapital gains tax

CHESSClearing House Electronic Sub-register System

CMLColonial Mutual Life Assurance Society Limited

CPACompetition Principles Agreement

DoCADepartment of Communications and the Arts

DTIdeposit taking institution

EDIElectronic Data Interchange

EFTelectronic funds transfer

EFTPOSelectronic funds transfer at point of sale

EPACEconomic Planning and Advisory Commission (formerly Economic Planning and Advisory Council)

ESAexchange settlement account

ESOPEmployee Share Ownership Plan

FCAFinancial Corporations Act 1974

FI CodeFinancial Institutions Code

FI SchemeFinancial Institutions Scheme

FIDfinancial institutions duty

FIFforeign investment fund

FSACFinancial Sector Advisory Council

FSIFinancial System Inquiry

G10Group of Ten Central Banks

G20Group of Twenty

GBEgovernment business enterprises

GDPgross domestic product

GIOGovernment Insurance Office

GSMGroup Speciale Mobile

HLICHousing Loans Insurance Corporation

IBSAInternational Banks and Securities Association of Australia

ICIndustry Commission

IMFInternational Monetary Fund

ISCInsurance and Superannuation Commission

IWTinterest withholding tax

Life Insurance ActLife Insurance Act 1995

LGSLiquid Assets and Government Securities

MCCAMinisterial Council of Consumer Affairs

MERmanagement expense ratio

MFIMain Financial Institution

NABNational Australia Bank

NASDAQNational Association of Securities Dealers Automated Quotation system

NBFInon-bank financial institution

NCDnon-callable deposit

OBUOffshore Banking Unit

OECDOrganisation for Economic Cooperation and Development

OTCover-the-counter

PARPrime Assets Ratio

PCpersonal computer

PFEpublic financial enterprise

PINpersonal identification number

PSAPrices Surveillance Authority

PSBPayments System Board

PUCLPanel for Uniform Commercial Laws

RBAReserve Bank of Australia

RHQRegional Headquarters (Companies)

RICregulated investment company

RIMRetirement Income Modelling

RITSReserve Bank Information and Transfer System

RSAretirement savings account

RTAretail transaction account

RTGSreal-time gross settlement

SBSAState Bank of South Australia

SCAGStanding Committee of Attorneys-General

SCTSuperannuation Complaints Tribunal

SETSecure Electronic Transaction

SFESydney Futures Exchange

SGsuperannuation guarantee

SGICState Government Investment Corporation

SISSuperannuation Industry (Supervision) Act 1993

SMEsmall and medium sized enterprise

SRDStatutory Reserve Deposits

SROself-regulatory organisation

SSAState Supervisory Authority

SSPSpecial Service Provider

SVCstored value card

SWIFTSociety for Worldwide Interbank Financial Telecommunications

SYCOMSydney Futures Exchange screen trading system

TFPtotal factor productivity

TGIOTasmanian Government Insurance Office

TPATrade Practices Act 1974

TPCTrade Practices Commission

UCCCUniform Consumer Credit Code

WestpacWestpac Banking Corporation

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