Acronyms and abbreviations

Acronyms and abbreviations

AA Fund

Assetless Administration Fund

ABA

Australian Banking Association

ABRS

Australian Business Registry Services

ABS

Australian Bureau of Statistics

ACCC

Australian Competition and Consumer Commission

ACF

Australian Credit Forum

ACN

Australian Company Number

ACTU

Australian Council of Trade Unions

ADI

Authorised Deposit Taking Institution

AFSA

Australian Financial Security Authority (formerly ITSA)

AGD

Attorney-General's Department

AICM

Australian Institute of Credit Management

AIIP

Association of Independent Insolvency Practitioners

ALRC

Australian Law Reform Commission

AMWU

Australian Manufacturing Workers’ Union

ARITA

Australian Restructuring and Insolvency and Turnaround Association

ARITA

Australian Restructuring Insolvency and Turnaround Association

ASBFEO

Australian Small Business and Family Enterprise Ombudsman

ASIC

Australian Securities and Investments Commission

ASIC Act

Australian Securities and Investments Commission Act 2001

ATO

Australian Taxation Office

AWEF

Approved Worker Entitlement Fund

Banking Code

Australian Banking Association Banking Code of Practice

Bankruptcy Act

Bankruptcy Act 1966

BETA

Behavioural Economics Team of the Australian Government

BLS LCA

Business Law Section of the Law Council of Australia

B-READY

World Bank Business Ready

CAANZ

Chartered Accountants Australia and New Zealand

CDD

Creditor-defeating disposition

CFMMEU

Construction Forestry Maritime Mining And Energy Union

committee

Parliamentary Joint Committee on Corporations and Financial Services

Constitution

Commonwealth of Australia Constitution Act

Corporations Act

Corporations Act 2001

CPA

Certified Practising Accountant

DEWR

Department of Employment and Workplace Relations

Director ID

Director Identification Number

DOCA

deed of company arrangement

DPN

Director Penalty Notices

Economics Committee

Senate Economics Reference Committee

ETU

Electrical Trades Union

FBT

Fringe Benefits Tax

FEG

Fair Entitlements Guarantee

FY

financial year

GST

Goods and Services Tax

HIA

Housing Industry Association

ILRA

Insolvency Law Reform Act 2016

IMF

International Monetary Fund

IPA

Institute of Public Accountants

ITSA

Insolvency and Trustee Service Australia (now AFSA)

Legislative Guide

United Nations Commission on International Trade Law Legislative Guide on Insolvency Law

MoU

Memorandum of understanding

MSE/s

micro to small enterprise/s

MSME/s

micro, small and medium business/es

MVL/s

member voluntary liquidation/s

NCI Forum

National Construction Industry Forum

PJC

Parliamentary Joint Committee on Corporations and Financial Services

PPS Act

Personal Property Securities Act 2009

PPSR

Personal Property Securities Register

SBR

Small Business Restructuring

SCoLA

Society of Corporate Law Academics

SME/s

small and medium enterprise/s

SPEE Act

Corporations Amendment (Strengthening Protections for Employee Entitlements) Act 2019

ROCAP

Report on Company Affairs and Property

The Principles

World Bank Principles for Effective Insolvency and Creditor/debtor Regimes

TMA

Turnaround Management Association Australia

Treasury

Department of the Treasury

UK

United Kingdom

UNCCA

United Nations National Coordination Committee for Australia

UNICTRAL

United Nations Commission on International Trade Law

US

United States

WEF

Worker Entitlement Fund