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Twin Peaks approach

Twin Peaks approach  n.— «It was influenced by what is known in regulatory circles as the Twin Peaks approach, used in Australia and the Netherlands. The idea is to create two financial regulators that are given separate responsibilities...

fluffy

fluffy  n.— «If you’re not familiar with the term, a fluffy—known in Australia as a baby cino—is basically a tiny cup filled with froth and sprinkled with chocolate for the pint-sizers, allowing them to think of themselves as coffee...

polocrosse

polocrosse  n.— «Some of those who play the game jokingly refer to it as “poor man’s polo,” but polocrosse is much more than that. It’s a game that allows 5- to 10-year olds to compete against 65- to 75-year olds with nobody...

burpless

burpless  adj.— «Researchers in Australia have received funding to develop more digestible feeds for cattle—“burpless” grass, in industry parlance—that result in less methane being produced as they are broken down in cows’ stomach(s)...

lapper

lapper  n.— «Cold comfort as it may be, hooning is not an exclusively Brisbane problem. In Hobart, hoons do what is called “block bombing” where they roar around the CBD block. In Ipswich, hoons are called “lappers...