Compliance: Theory and Practice in the Financial Services Industry
Glossary of Abbreviations
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| Abb. | Meaning |
| ACCC | Australian Competition and Consumer Commission, the primary regulator of anti-trust and consumer protection laws in Australia. |
| ADI | Approved Deposit-taking Institution (a bank, building society or credit union that holds an authority to carry on banking business under the Banking Act). |
| AFMA | Australian Financial Markets Association, an industry association representing participants in Australian over-the-counter wholesale financial markets. |
| AFSL | Australian Financial Services Licence. |
| AML | Anti-money laundering. |
| AML/CTF program | Anti-Money Laundering/Counter-Terrorism Financing program. |
| AMLCTFA | Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth). |
| APRA | Australian Prudential Regulatory Authority, the prudential regulator of ADIs and the insurance and superannuation industry. |
| AS | Australian Standard published by the Australian Standards Association. |
| ASIC | Australian Securities and Investments Commission, the primary regulator of financial institutions. |
| ASICA | Australian Securities and Investments Commission Act 2001 (Cth). |
| ASICR | Australian Securities and Investments Commission Regulations 2001 (Cth). |
| ASX | Australian Stock Exchange Limited, the main securities exchange in Australia. |
| AUSTRAC | Australian Transaction Reports and Analysis Centre, the body administering the AMLCTFA and FTRA. |
| BA | Banking Act 1959 (Cth). |
| CA | Corporations Act 2001 (Cth). |
| CCC | (Commonwealth) Criminal Code 1995 (Cth). |
| CLICK | The integrated trading platform used by the ASX to trade equities, interest rate securities, warrants, options, index options, index futures and commodity futures. |
| CTF | Counter-terrorism financing. |
| CR | Corporations Regulations 2001 (Cth). |
| DP | Deposit product. |
| DTR | Designated Trading Representative (a person who may enter orders into the ASX SEATS and/or DTP systems). |
| FATA | Foreign Acquisitions and Takeovers Act 1975 (Cth). |
| FHSA | First Home Saver Account. |
| FHSAA | First Home Saver Account Act 2008 (Cth). |
| FIRB | Foreign Investment Review Board, the body administering the FATA. |
| FPA | Financial Planning Association, the peak industry association for financial planners. |
| FS(CD)A | Financial Sector (Collection of Data) Act 2001 (Cth). |
| FSG | Financial Services Guide. |
| FSR | Financial Services Reforms, the reforms to the Corporations Act enacted in the FSRA. |
| FSRA | Financial Services Reform Act 2001 (Cth). |
| FTRA | Financial Transaction Reports Act 1988 (Cth). |
| GN | Guidance Note. |
| IA | Insurance Act 1973 (Cth). |
| ICA | Insurance Contracts Act 1984 (Cth). |
| IFSA | Investment and Financial Services Association, the peak industry association for the retail and wholesale funds management and life insurance industry in Australia. |
| KYC | Know your client. |
| LIA | Life Insurance Act 1995 (Cth). |
| ML | Money laundering. |
| MR | ASX Market Rule. |
| NASD | National Association of Securities Dealers, an industry association in the US of broker/dealers in the over-the-counter securities business. The NASD is a self-regulatory body and administers the NASDAQ stock market. |
| NCC | National Credit Code (a schedule to the NCCPA). |
| NCCPA | National Consumer Credit Protection Act 2009 (Cth). |
| NCCPR | National Consumer Credit Protection Regulations 2009 (Cth). |
| NCPF | Non-Cash Payment Facility. |
| NPP | National Privacy Principle. |
| NYSE | New York Stock Exchange. |
| OR | SFE Operating Rule. |
| OTC | Over the counter (ie not traded on a public exchange). |
| PA | Privacy Act 1988 (Cth). |
| PDS | Product Disclosure Statement. |
| POCA | Proceeds of Crime Act 2002 (Cth). |
| r | Regulation or rule. |
| rr | Regulations or rules. |
| RFC | Registered Finance Corporation (corporations registered under the FS(CD)A). |
| RG | ASIC Regulatory Guide. |
| RSAA | Retirement Savings Account Act 1997. |
| s | Section (of an Act). |
| ss | Sections (of an Act). |
| SCT | Superannuation Complaints Tribunal. |
| SDA | Surveillance Devices Act 2007 (NSW). |
| SDIA | Securities and Derivatives Industry Association, the peak industry body representing the stockbroking industry in Australia. |
| SFE | Sydney Futures Exchange Limited, the main futures market in Australia. |
| SISA | Superannuation Industry (Supervision) Act 1993 (Cth). |
| SISR | Superannuation Industry (Supervision) Regulations 1993 (Cth). |
| SOA | Statement of Advice. |
| SYCOM | The SFE trading platform for futures and options. |
| TF | Terrorism financing. |
| TIAA | Telecommunications (Interception and Access) Act 1979 (Cth). |
| TPA | Trade Practices Act 1974 (Cth). |
| UN Charter Act | Charter of the United Nations Act 1945 (Cth). |
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