{"id":"F2006L00211","name":"Banking (restricted word or expression) determination No. 1 of 2006","slug":"banking-restricted-word-or-expression-determination-no-1-of-2006","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":58159,"registerId":"commonwealth-F2006L00211-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Banking (restricted word or expression) determination No. 1 of 2006","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![](image.001.png)\n\nBanking (restricted word or expression) determination No. 1 of 2006\n\nBanking Act 1959\n\n \n\n \n\nI, Charles Watts Littrell, a delegate of APRA, under subsection 66(5) of the Banking Act 1959 (the ‘Act’) DETERMINE that the expressions ‘specialist credit card institution’ and ‘SCCI’ are restricted expressions for the purposes of section 66 of the Act.\n\n \n\nThis determination comes into effect upon registration on the Federal Register of Legislative Instruments.\n\n \n\n \n\nDated  18  January 2006\n\n \n\n[signed]\n\n…………………………………\n\nCharles Littrell\n\nExecutive General Manager\n\nPolicy, Research & Statistics Division\n\n \n\n \n\n \n\nIn this determination:\n\n \n\nAPRA means the Australian Prudential Regulation Authority\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1462},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This is the original 2006 determination. The scope remains precisely limited to restricting the two specified expressions under section 66 of the Banking Act 1959, with no expansion beyond this specific naming restriction."},"complexity_factors":["Single operative clause declaring only two specific expressions as restricted","No conditional provisions, exceptions, or procedural requirements","No cross-references to other legislative provisions beyond the enabling subsection","Document length is extremely short (under 150 words of substantive content)"],"plain_english_summary":"**What this does:**\n\nThis instrument adds two specific phrases to Australia's \"do not use\" list for financial businesses. Only companies properly licensed by APRA (the Australian Prudential Regulation Authority) can legally use:\n\n- **\"specialist credit card institution\"** \n- **\"SCCI\"** (the acronym)\n\n**Why it matters:**\n\nUnder the *Banking Act 1959*, certain words are \"restricted\" — meaning unlicensed businesses cannot use them in their name or advertising. This prevents operators from misleading customers into thinking they're dealing with a properly regulated financial institution.\n\nThis determination specifically stops unlicensed entities from implying they are a special type of regulated credit card provider unless APRA has actually authorized them to operate as one.\n\n**Who it affects:**\n\nAny business considering these terms for marketing, branding, or company names. If you're not licensed by APRA, using \"specialist credit card institution\" or \"SCCI\" could constitute a legal offence."}},"importantCases":[],"_links":{"self":"/api/acts/banking-restricted-word-or-expression-determination-no-1-of-2006","history":"/api/acts/banking-restricted-word-or-expression-determination-no-1-of-2006/history","analysis":"/api/acts/banking-restricted-word-or-expression-determination-no-1-of-2006/analysis","conflicts":"/api/acts/banking-restricted-word-or-expression-determination-no-1-of-2006/conflicts","importantCases":"/api/acts/banking-restricted-word-or-expression-determination-no-1-of-2006/important-cases","documents":"/api/acts/banking-restricted-word-or-expression-determination-no-1-of-2006/documents"}}