Securitisation framework: definitions of entities, eligible assets, exclusions and investor facing obligations clarified. These Regulations define the securitisation framework: a special purpose distinct entity (a trust) acquires an asset pool of debt or receivables from an originator and issues securitised debt instruments or security receipts to investors. Key roles-originator, investor, servicer, trustee, sponsor, liquidity provider, valuer-are defined, along with eligible underlying assets and exclusions (no re securitisation or synthetic structures). Credit enhancement, clean up call option, minimum holding period, offer/offering forms and regulated activities are specified, and undefined terms borrow meanings from principal statutes and Reserve Bank guidance.