PART E Definitions Term Definition ABA The incorporated entity named Australian Banking Association Limited (or any approved change of name). ACCC Australian Competition and Consumer Commission. AFCA Australian Financial Complaints Authority. ASIC Australian Securities and Investments Commission. Asset Finance Financial accommodation provided by us: (a) for the acquisition, lease, rental, hire purchase or otherwise of a tangible asset that is not land; and/or (b) to fund the payment of any insurance products acquired in connection with that asset. ATM Automatic teller machines. AUSTRAC Australian Transaction Reports and Analysis Centre. Bank Means a corporation authorised by law to carry on the general business of banking in Australia and that is authorised under the Banking Act 1959 (Cth) to use the word “bank” or a similar expression in its name. Banking Service Means any financial service or product provided by us in Australia to you: (a) whether supplied directly or through an intermediary; and (b) if provided by another party and distributed by us, extends only to the distribution or supply, and not to the service or product itself. Examples of Banking Services the Code applies to: • savings accounts and term deposits; • credit cards, debit cards, prepaid cards; • home Loans, personal Loans, bill facilities, overdrafts (in the Code these are included in the definition of “Loans”); • consumer credit insurance; • payment services; and • foreign currency exchange services. 36 | ausbanking.org.au
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