SBS


SBS
I.
shadow banking system.
II.
/ɛs bi ˈɛs/ (say es bee 'es)

noun
Special Broadcasting Service; an Australian multilingual radio and television broadcasting service established in 1979 with the aim of providing programs for people of varying ethnic backgrounds.
Government-funded multilingual radio began in Australia in 1975 with 2EA in Sydney and 3EA in Melbourne. SBS was established in 1978 as a result of the recommendation of the Galbally Report into Migrant Services, and took over responsibility for the two stations. SBS TV started in Sydney and in Melbourne in 1980; programs are now broadcast nationwide. SBS's current constitution was set up under the Special Broadcasting Service Act 1991. It falls within the responsibility of the federal government, from where 80 per cent of its funding comes; the remainder of its funding comes from advertising and sponsorship. The SBS Act guarantees its independence from the government in programming matters.

Australian English dictionary. 2014.

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