Art Craft? Fine Craft? Just Craft?

I was interested to read that in Australia craft of exceptional quality of workmanship, uniquene and refined, and show a degree of problem solving, creative intellegence and innovation, is classed as 'Art Craft'. In the USA the same criteria is used to but called 'Fine Craft'. In the UK I have found no distinction in the crafts. Everything is lumped together. What do you think?