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100-point Check
The 100 point check is a personal identification system adopted by the Australian Government to combat financial transaction fraud by individuals and companies, enacted by the ''Financial Transactions Reports Act (1988) (FTR Act)'', which established the Australian Transaction Reports and Analysis Centre (AUSTRAC) and which continued in existence under the ''Anti-Money Laundering and Counter-Terrorism Financing Act 2006''. The 100 point system applies to individuals opening new financial accounts in Australia, including bank accounts or betting accounts. Points are allocated to the types of documentary proof of identity that the person can produce, and they must have at least 100 points of identification to be able to operate an account. The system now also applies to the establishment of a number of official identity documents, such as an Australian passport and driving licence. Additionally, 100 point checking also applies in superannuation. Members are required to provide ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Australia
The Australian Government, also known as the Commonwealth Government, is the national government of Australia, a federalism, federal parliamentary system, parliamentary constitutional monarchy. Like other Westminster system, Westminster-style systems of government, the Australian Government is made up of three branches: the executive (the Prime Minister of Australia, prime minister, the Ministers of the Crown, ministers, and government departments), the legislative (the Parliament of Australia), and the Judiciary of Australia, judicial. The legislative branch, the federal Parliament, is made up of two chambers: the House of Representatives (Australia), House of Representatives (lower house) and Australian Senate, Senate (upper house). The House of Representatives has 151 Member of parliament, members, each representing an individual electoral district of about 165,000 people. The Senate has 76 members: twelve from each of the six states and two each from Australia's internal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Authorised Deposit-taking Institution
Financial institutions in Australia are only permitted to accept deposits from the public if they are authorised deposit-taking institutions (ADIs). The ADI’s authority is granted by the Australian Prudential Regulation Authority (APRA) under the ''Banking Act 1959'' (Cth). The term was adopted to formalise the right of non-bank financial institutions — such as building societies, credit unions and friendly societies — to accept such deposits. All ADIs are subject to the same prudential standards as banks but for a corporation to use word 'bank', 'building society' and 'credit union' in its name, it must meet certain requirements. The concept of an ADI replaced that of "bank" following the recommendations of the Wallis Report in March 1997. The statutory requirements of an ADI are elucidated in case ''Commissioners of the State Savings Bank of Victoria v Permewan, Wright & Co Ltd'' (1914). The case was seminal in characterising essential elements of a bank as being the col ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade Association
A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific Industry (economics), industry. An industry trade association participates in public relations activities such as advertising, education, publishing, lobbying, and political donations, but its focus is collaboration between companies. Associations may offer other services, such as producing conferences, holding networking or charitable events, or offering classes or educational materials. Many associations are non-profit organizations governed by bylaws and directed by officers who are also members. In countries with a social market economy, the role of trade associations is often taken by employers' organizations, which also take a role in social dialogue. Political influence One of the primary purposes of trade groups, particularly in the United States, is to attempt to influence p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Educational Institution
An educational institution is a place where people of different ages gain an education, including preschools, childcare, primary-elementary schools, secondary-high schools, and universities. They provide a large variety of learning environments and learning spaces. Types of educational institution Types of educational institution include: Early childhood * Preschool * Kindergarten * Nursery Primary * Elementary school (grade school), primary school * Middle school (partly) * Comprehensive school Secondary * Secondary school * Comprehensive school * High school * Middle school (partly) * Upper school * Independent school (UK) * Academy (English school) * University-preparatory school * Boarding school * Gymnasium * Hauptschule * Realschule Further and higher education * Gurukula *Academy * College * Career college * Community college * Junior college * Liberal arts college * Madrasah * Residential college * Sixth form college * Technical college or Institute of Technology * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Estate Agent
A real estate agent or real estate broker is a person who represents sellers or buyers of real estate or real property. While a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions. Buyers and sellers are generally advised to consult a licensed real estate professional for a written definition of an individual state's laws of agency. Many states require written disclosures to be signed by all parties outlining the duties and obligations. Generally, real estate brokers or agents fall into four categories of representation: *Seller's agents, commonly called "listing brokers" or "listing agents", are contracted by owners to assist with marketing property for sale or lease. *Buyer's agents are brokers or salespersons who assist buyers by helping them purchase property. *Dual agents help ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Land Title
In property law, title is an intangible construct representing a bundle of rights in (to) a piece of property in which a party may own either a legal interest or equitable interest. The rights in the bundle may be separated and held by different parties. It may also refer to a formal document, such as a deed, that serves as evidence of ownership. Conveyance of the document (transfer of title to the property) may be required in order to transfer ownership in the property to another person. Title is distinct from possession, a right that often accompanies ownership but is not necessarily sufficient to prove it (for example squatting). In many cases, possession and title may each be transferred independently of the other. For real property, land registration and recording provide public notice of ownership information. In United States law, evidence of title is typically established through title reports written up by title insurance companies, which show the history of title (proper ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Institution
Financial institutions, sometimes called banking institutions, are business entities that provide services as intermediaries for different types of financial monetary transactions. Broadly speaking, there are three major types of financial institutions: # Depository institutions – deposit-taking institutions that accept and manage deposits and make loans, including banks, building societies, credit unions, trust companies, and mortgage loan companies; # Contractual institutions – insurance companies and pension funds # Investment institutions – investment banks, underwriters, and other different types of financial entities managing investments. Financial institutions can be distinguished broadly into two categories according to ownership structure: * Commercial banks * Cooperative banks Some experts see a trend toward homogenisation of financial institutions, meaning a tendency to invest in similar areas and have similar business strategies. A consequence of this might ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Electoral Commission
The Australian Electoral Commission (AEC) is the independent federal agency in charge of organising, conducting and supervising federal Australian elections, by-elections and referendums. Responsibilities The AEC's main responsibility is to conduct Elections in Australia, federal elections, by-elections and Referendums in Australia, referendums. The AEC is also responsible for the maintenance of up-to-date Electoral register, electoral rolls, devising electorate boundaries, Apportionment (politics)#Australia, apportionments and Redistribution (Australia), redistributions. Under the Joint Roll Arrangements, the AEC maintains electoral rolls for the whole of Australia, other than Western Australia, which is used by the state and territory Electoral Commissions to conduct their elections. The AEC publishes detailed election results and follows up electors who had failed to vote or who have voted multiple times in an election. The AEC is also responsible for registering political ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electoral Roll
An electoral roll (variously called an electoral register, voters roll, poll book or other description) is a compilation that lists persons who are entitled to vote for particular elections in a particular jurisdiction. The list is usually broken down by electoral districts, and is primarily prepared to assist election officials at polling places. Most jurisdictions maintain permanent electoral rolls, which are updated continuously or periodically (such as France which updates them annually), while some jurisdictions compile new electoral rolls before each election. Electoral rolls are the result of a process of voter registration. In most jurisdictions, voter registration (and being listed on an electoral roll) is a prerequisite for voting at an election. Some jurisdictions do not require voter registration, and do not use electoral rolls, such as the state of North Dakota in the United States. In those jurisdictions a voter must provide identification and proof of entitlement t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NRMA
NRMA (formerly National Roads and Motorists' Association) is an Australian organisation offering roadside assistance, advocacy for motorists and road-users, motoring advice, car servicing, International Driving Permits, travel and other services in New South Wales and the Australian Capital Territory. It is a member-owned mutual company limited by guarantee. It was formed in 1920. The Headquarters is in Sydney Olympic Park, New South Wales, Australia Prior to 2000, the organisation offered mutual insurance but that business was demutualised and spun out as NRMA Insurance which is now part of Insurance Australia Group Limited (IAG). The NRMA and NRMA Insurance are independent companies with an agreement to use the same brand and name but both companies are responsible for distinguishing the difference between the two organisations. Early history National Roads Association The Australian National Roads Association, which would become the NRMA, was launched in 1920. Its ori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Medicare Card (Australia)
A Medicare card is a plastic card, the same size as a typical credit card, issued to Australian citizens and permanent residents and their families. The card or the Medicare number is required to be provided to enable the cardholder to receive a rebate of medical expenses under Australia's Medicare (Australia), Medicare system, as well as subsidised medications under the Pharmaceutical Benefits Scheme (PBS). The card is usually green in colour, although interim cards are light blue and cards for Reciprocal Health Care Agreement visitors are light yellow. The cards are issued by a government agency called Medicare Australia. All permanent residents of Australia are entitled to a Medicare card, except for those who are deemed to be not residing in Australia. Citizenship is not necessary to be eligible for a Medicare card. The card lists an individual as well as any members of his or her family he or she chooses to add who are also permanent residents and meet the Medicare definition ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Card
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges). The card issuer (usually a bank or credit union) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. There are two credit card groups: consumer credit cards and business credit cards. Most cards are plastic, but some are metal cards (stainless steel, gold, palladium, titanium), and a few gemstone-encrusted metal cards. A regular credit card is different from a charge card, which requires the balance to be repaid in full each month or at the end of each statement cycle. In contrast, credit cards allow the consumers to build a continuing balance of debt, subject to interest being charged. A credit car ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
