Search: FMA Act
RBA Glossary definition for ACT
ACT – Australian Competition Tribunal
RBA Glossary definition for FMA Act
FMA Act – Financial Management and Accountability Act 1997 (which was replaced by the Public Governance, Performance and Accountability Act 2013 on 1 July 2014).
Search Results
Developments in the Financial System Infrastructure
10 Mar 2006
FSR
– March 2006
Under the. Banking Act 1959. , depositors in a failed deposit-taking institution have first claim over the assets of the institution. ... The Act, however, does not provide a mechanism for giving depositors in a failed institution access to their funds
https://www.rba.gov.au/publications/fsr/2006/mar/dev-sys-infra.html
Box A: Covered Bonds
10 Mar 2011
FSR
– March 2011
This would conflict with the. Banking Act 1959. , which enshrines the principle of depositor preference under which, if an ADI is wound up, all of its assets in Australia are made ... Regulations in Canada and rules proposed in the US Covered Bond Act
https://www.rba.gov.au/publications/fsr/2011/mar/box-a.html
Box B: The Shadow Banking System in Australia
10 Sep 2010
FSR
– September 2010
under the National Consumer Credit Code has been expanded to include investor-housing mortgages; and the operation of the Corporations Act has been extended to regulate margin lending.
https://www.rba.gov.au/publications/fsr/2010/sep/box-b.html
Background | Central Clearing of OTC Derivatives in Australia June 2011 | Consultations
7 Jun 2011
Consultations
The text of the Dodd-Frank Act is available at: <http://www.gpo.gov/fdsys/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf>. ... In May 2010 the Japanese Diet passed relevant amendments to the Financial Instruments and Exchange Act.
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/background.html
Reviewing the Designation of the eftpos System | Review of Card Surcharging: A Consultation Document June 2011 | Consultations
9 Mar 2012
Consultations
Under the. Payment Systems (Regulation) Act 1998. , the Reserve Bank must designate a payment system, if it considers it to be in the public interest, before it can impose standards or ... While the Bank has explicit powers in the Payment Systems
https://www.rba.gov.au/publications/consultations/201203-replacing-eftpos-designation/efpos-system.html
The Australian Hedge Fund Industry
10 Sep 2004
FSR
– September 2004
Corporations Act 2001. ; the provisions that apply depend on whether they are structured as trusts or companies. ... short. Short positions are expected to add to the return of the portfolio, but may also act as a partial hedge against market risk.
https://www.rba.gov.au/publications/fsr/2004/sep/aus-hedge-fund-ind.html
Domestic Regulatory Developments
8 Apr 2021
FSR
– April 2021
Quarantine Act 1908. The Insurance Council of Australia has sought special leave to appeal the decision to the High Court.
https://www.rba.gov.au/publications/fsr/2021/apr/regulatory-developments.html
Domestic Regulatory Developments
8 Oct 2021
FSR
– October 2021
Quarantine Act 1908. Another test case is underway to clarify the interpretation of other details in BII policies.
https://www.rba.gov.au/publications/fsr/2021/oct/regulatory-developments.html
The Australian Financial System
8 Apr 2022
FSR
– April 2022
ASIC recently commenced legal proceedings against three large banks: ANZ, for alleged breaches of the Credit Act related to its ‘introducer program’; Westpac, for alleged widespread compliance failures across multiple lines
https://www.rba.gov.au/publications/fsr/2022/apr/australian-financial-system.html
The Australian High-Value Payments System
10 Mar 2004
FSR
– March 2004
To avoid this, the Payment Systems and Netting Act provides for the Reserve Bank to approve RTGS systems that meet specified criteria. ... The Payment Systems and Netting Act enables the Reserve Bank to protect multilateral netting arrangements in the
https://www.rba.gov.au/publications/fsr/2004/mar/aus-high-val-pay-sys.html