Glossary

Glossary

LMI College Glossary of Terms

All | # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
There are currently 29 names in this directory
Ab initio
from the beginning

ABN
Australian Business Number

AFCA

Australian Financial Complaints Authority

AFCA considers complaints that previously would have been handled by the Financial Ombudsman Service, the Credit and Investments Ombudsman and the Superannuation Complaints Tribunal. We are the dispute resolution scheme for financial services.


AFS
Australian Financial Services

AFS Licence or AFSL
Australian Financial Services Licence

APRA

Australian Prudential Regulation Authority

APRA are an independent statutory authority that supervises institutions across banking, insurance and superannuation and promotes financial system stability in Australia.


ASIC

Australian Securities and Investments Commission

ASIC is Australia's integrated corporate, markets, financial services and consumer credit regulator. ASIC is an independent Australian Government body, set up under and administer the Australian Securities and Investments Commission Act 2001 (ASIC Act).


ATO
Australian Tax Office

BI
Business Interruption

CPD
Continued Professional Development

CPI
Consumer Price Index

DDO
Design and Distribution Obligations

EDR
External Dispute Resolution

ESL
Emergency Services Levy

FSG
Financial Services Guide

FSL
Fire Service Levy

GAW
General Advice Warning

GST
Goods and Services tax

ITC
Income Tax Credit

NB
Nota Bene (Note Well)

NIBA

National Insurance Brokers Association

NIBA sets out to develop and promote high standards of professional practice for insurance brokers in Australia for the benefit of their clients and the community.


PCBU
A person conducting a business or undertaking

PDS
Product Disclosure Statement

PI
Professional Indemnity

RBA
Reserve Bank of Australia

RG
Regulation Guide

SOA
Statement of Advice

TMD
Target Market Determination

TPPD
Third Party Property Damage