Document ID: chunk:federal_register_of_legislation:F2019L00828:body:0:p13
Version: federal_register_of_legislation:F2019L00828
Segment Type: other
Provision Reference: 
Character Range: 35439–38903

and their classification are available on request.
Exclude:
     * intra group financiers registered under the Financial Sector (Collection of Data) Act 2001 Category I (record as private trading corporations).

Life insurance
Life insurance companies must be registered with APRA.  They offer insurance for death or disability and also offer investment and superannuation products.
Include:
     * benefit fund friendly societies that are regulated under the Life Insurance Act 1995.
Exclude:
     * insurance companies offering house, car and marine insurance (these are general insurance companies); and
     * health benefit funds of friendly societies that are regulated under the National Health Act 1959.

Pension funds
The pension funds sub-sector includes all superannuation funds that are regarded as complying funds for the purposes of the Superannuation Industry (Supervision) Act 1993 and other autonomous funds established for the benefit of public sector employees. Superannuation funds with all of their assets invested with insurance offices are included.
Superannuation funds and Approved Deposit Funds (ADFs) are established to provide benefits for their members on retirement, resignation, death or disablement. Superannuation funds and ADFs usually take the legal form of trust funds.
Include:
     * Pooled Superannuation Trusts;
     * public sector superannuation funds (including SIS-exempt funds);
     * private sector superannuation funds;
     * ADFs; and
     * superannuation funds established by life insurance companies.
Exclude:
     * retirement savings accounts.

Other insurance corporations
The other insurance corporations sub-sector includes all corporations that provide insurance other than life insurance. Included are general, fire, accident, employer liability, household and consumer credit insurers and health insurance funds. These companies must be registered with APRA. They mainly offer house, car and marine insurance.
Include:
     * EFIC; and
     * private sector and government-owned general and health insurance enterprises, both proprietary and mutual.

Central borrowing authorities (CBAs)
These are corporations established by State and Territory governments to provide finance for government authorities and to manage their surplus funds.
Include:
     * New South Wales Treasury Corporation (NSW TCorp);
     * Treasury Corporation of Victoria (TCV);
     * Queensland Treasury Corporation (QTC);
     * South Australian Government Financing Authority (SAFA);
     * Western Australian Treasury Corporation (WATC);
     * Tasmanian Public Finance Corporation (Tas Corp);
     * Northern Territory Treasury Corporation (NT TCorp); and
     * ACT Treasury

Other financial institutions

Financial auxiliaries
These are corporations and quasi-corporations engaged primarily in activities closely related to financial intermediation, but which do not themselves perform an intermediation role.
Include:
     * fund managers as principal;
     * stockbrokers; and
     * insurance brokers.
Exclude:
     * non-resident enterprises.

Financial intermediaries

Securitisers
These are financial vehicles that issue short and/or long-term securities (called asset-backed securities) using specifically selected assets (e.g. mortgages, receivables). They provide backing (collateral) for the securities and generate the payment streams necessary to fulfil interest and principal requirements for investors.

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