{"id":"F2006L00212","name":"Banking (restricted word or expression) consent No. 1 of 2006","slug":"banking-restricted-word-or-expression-consent-no-1-of-2006","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":58161,"registerId":"commonwealth-F2006L00212-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Banking (restricted word or expression) consent No. 1 of 2006","content":"![](image.001.png)\n\nBanking (restricted word or expression) consent No. 1 of 2006\n\nBanking Act 1959\n\nI, Charles Watts Littrell, a delegate of APRA, under paragraph 66(1)(d) and subsection 66(1B) of the Banking Act 1959 (‘the Act’) and subsection 33(3) of the Acts Interpretation Act 1901:\n\n1. REVOKE the Consent to Use of Restricted Expressions made on 17 July 2003 under paragraph 66(1)(d) and subsection 66(1B) of the Act; and\n\n2. CONSENT to the use of the restricted expressions ‘specialist credit card institution’ and ‘SCCI’ by an ADI that carries on credit card issuing and/or credit card acquiring within the meaning of regulation 2(2) of the Banking Regulations 1966 and does not carry on any other form of banking business.\n\nParagraphs 1 and 2 come into effect upon registration of this consent on the Federal Register of Legislative Instruments.\n\nDated 18 January 2006\n\n\\[signed\\]\n\n…………………………………\n\nCharles Littrell\n\nExecutive General Manager\n\nPolicy, Research & Statistics Division\n\nIn this instrument:\n\nAPRA means the Australian Prudential Regulation Authority.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2213},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The instrument maintains the identical regulatory scope as the revoked 2003 consent, continuing to authorize the same category of restricted expressions for the same narrow class of specialized credit card institutions without expansion into new areas or entities."},"complexity_factors":["Extremely short length (approximately 200 words)","Only one defined term ('APRA') in the interpretation section","Simple binary structure (revocation of 2003 consent followed by grant of new consent)","Limited conditional applicability restricted to ADIs carrying on only credit card issuing/acquiring business","Minimal cross-referencing despite citations to enabling legislation"],"plain_english_summary":"This instrument replaces a 2003 exemption and authorises authorised deposit-taking institutions that solely issue and process credit cards to use the term “specialist credit card institution” or “SCCI.” It applies only to ADIs that do no other banking business. \n\nIt matters because, without this specific permission, those firms would breach the Banking Act’s restrictions on using “bank”‑style words; the change lets them describe their limited business legally and clearly."}},"importantCases":[],"_links":{"self":"/api/acts/banking-restricted-word-or-expression-consent-no-1-of-2006","history":"/api/acts/banking-restricted-word-or-expression-consent-no-1-of-2006/history","analysis":"/api/acts/banking-restricted-word-or-expression-consent-no-1-of-2006/analysis","conflicts":"/api/acts/banking-restricted-word-or-expression-consent-no-1-of-2006/conflicts","importantCases":"/api/acts/banking-restricted-word-or-expression-consent-no-1-of-2006/important-cases","documents":"/api/acts/banking-restricted-word-or-expression-consent-no-1-of-2006/documents"}}