Abbreviations

ABA

Australian Bankers’ Association (now Australian Banking Association)

ABARES

Australian Bureau of Agricultural and Resource Economics and Sciences

ACBF

Aboriginal Community Benefit Fund

ACCC

Australian Competition and Consumer Commission

ACL

Australian Credit Licence

ADA

accrued default amount

ADI

authorised deposit-taking institution

AFA

Association of Financial Advisers

AFCA

Australian Financial Complaints Authority

AFSL

Australian financial services licence

APRA

Australian Prudential Regulation Authority

ASBFEO

Australian Small Business and Family Enterprise Ombudsman

ASIC

Australian Securities and Investments Commission

AUSTRAC

Australian Transaction Reports and Analysis Centre

BEAR

Banking Executive Accountability Regime

BOLR

buyer of last resort

DRE

dual-regulated entity

EDR

external dispute resolution

EU

enforceable undertaking

FASEA

Financial Adviser Standards and Ethics Authority

FoFA

Future of Financial Advice (legislation reforms)

FOS

Financial Ombudsman Service

FPA

Financial Planning Association of Australia

FSC

Financial Services Council

FSG

Financial Services Guide

HEM

Household Expenditure Measure

IDR

internal dispute resolution

KPI

Key Performance Indicator

LVR

loan-to-value ratio

PDS

product disclosure statement

RE

responsible entity

RSE

registrable superannuation entity

SFT

successor fund transfer

SME

small and medium enterprises

SMSF

self-managed superannuation fund

 

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