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).
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Developments in the Financial System Infrastructure
10 Sep 2005
FSR
– September 2005
and the. Payment Systems and Netting Act 1998. The. Payment Systems and Netting Act. ... The Act allows the Reserve Bank to approve RTGS payment systems, giving legal certainty for payments made on the day of appointment of an external administrator.
https://www.rba.gov.au/publications/fsr/2005/sep/dev-sys-infra.html
Box B: Recent Trends in Personal Credit
10 Apr 2018
FSR
– April 2018
Redraw facilities give the borrower the option of withdrawing accumulated mortgage prepayments and offset accounts act as an at-call deposit account, with funds in the account netted against the
https://www.rba.gov.au/publications/fsr/2018/apr/box-b.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
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
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 E: The Council of Financial Regulators
20 Oct 2018
FSR
– October 2018
For example, all four agencies are subject to, and adhere to, the Public Governance, Performance and Accountability Act 2013. ... In contrast, more recently, the Productivity Commission recommended that membership be expanded to include the ACCC on the
https://www.rba.gov.au/publications/fsr/2018/oct/box-e.html
Box B: Interest-only Mortgage Lending
21 Apr 2017
FSR
– April 2017
This is potentially in breach of the. National Consumer Credit Protection Act 2009. ,
https://www.rba.gov.au/publications/fsr/2017/apr/box-b.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
Developments in the Financial System Infrastructure
10 Sep 2006
FSR
– September 2006
Bankruptcy Act 1966. will be amended to improve the operation of debt agreements. ... In 2005/06, there were nearly 5,000 debt agreements, comprising 19 per cent of all administrations under the Bankruptcy Act.
https://www.rba.gov.au/publications/fsr/2006/sep/dev-sys-infra.html