Document ID: chunk:federal_register_of_legislation:F2015L01998:body:0:p16
Version: federal_register_of_legislation:F2015L01998
Segment Type: other
Provision Reference: 
Character Range: 49687–53954

Superannuation Funds (SMSFs) are regulated by the Australian Tax Office and all other funds are regulated by the Australian Prudential Regulation Authority.

                                                   Includes: pooled superannuation trusts; approved deposit funds; public sector superannuation funds (including Superannuation Industry (Supervision) Act 1993-exempt funds); private sector superannuation funds e.g. retail or industry super funds; SMSFs.

                                                   Excludes: Future Fund (included as Australian Commonwealth government).

Life insurance and friendly societies              Represents entities registered under the Life Insurance Act 1995 and are regulated by the Australian Prudential Regulation Authority (APRA). They offer insurance for death or disability and also offer investment and superannuation products. A list of life insurance companies and friendly societies can be found on the APRA website at http://www.apra.gov.au.

                                                   Includes: life insurance companies, life reinsurance companies and friendly societies.

                                                   Excludes: insurance companies offering house, car and marine insurance (included as general insurance corporations); non-life reinsurance companies; life insurance brokers (included as financial auxiliaries).

General and health insurance corporations          Represents insurance corporations that are registered as a general insurance company or health insurance company with the Australian Prudential Regulation Authority (APRA).

                                                   Includes: the Export Finance Insurance Corporation (EFIC); private sector and government-owned general insurance enterprises; non-life reinsurance companies; private sector and government-owned health insurance enterprises.

                                                   Excludes: life insurance companies, life reinsurance companies and friendly societies; insurance brokers (included as financial auxiliaries).

Insurance corporations                             Represents entities that are life insurance (including friendly societies), general insurance and health insurance corporations.

State and territory central borrowing authorities  Represents state and territory statutory bodies established by a state or territory government to provide debt funding, risk management and financial advisory services for a range of state and territory government and semi government entities.

                                                   Includes: TCorp, TCV, QTC, WATC, SAFA, TasCorp, NTTC.

                                                   Excludes: ACT Treasury.

Securitisers                                       Represents issuers of asset-backed debt securities that are backed by a pool of specific assets, often residential mortgages. The securities issued can be short-term or long-term.

                                                   Excludes: issuers of covered bonds.

Financial auxiliaries                              Represents corporations and quasi-corporations engaged primarily in activities closely related to financial intermediation, but which do not themselves perform an intermediation role.

                                                   Includes: fund managers as principal; stockbrokers; insurance brokers; investment advisors and corporations providing infrastructure for financial markets.

Investment funds                                   Represents collective investment vehicles through which investors pool funds for investment in financial or non-financial assets. Under System of National Accounts (SNA) 2008, they are recognised as separate institutional units. Investment funds normally take the format of a trust which is governed by a trust deed.

Property and infrastructure trusts                 Property trusts represent investment trusts that provide exposures to investment in real estate where the earnings and capital value are dependent on cash flows generated by the property through sale or rental income.

                                                   Infrastructure trusts represent investment trusts that provide