{"id":"F2005L03623","name":"Consent to use restricted expressions - Class consent - providers of purchased payment facilities - Banking Act 1959 (16/11/2005)","slug":"consent-to-use-restricted-expressions-class-consent-providers-of-purchased-payment-facilities-bankin","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":39250,"registerId":"commonwealth-F2005L03623-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Consent to use restricted expressions - Class consent - providers of purchased payment facilities - Banking Act 1959 (16/11/2005)","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\nConsent to use restricted expressions\n\nClass consent – providers of purchased payment facilities\n\nBanking Act 1959\n\n \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) CONSENT to the use of the restricted expressions ‘purchased payment facility provider’ and ‘PPF provider’ by an authorised deposit-taking institution.\n\n \n\nThis Determination comes into effect upon registration on the Federal Register of Legislative Instruments.\n\n \n\nDated  16 November 2005\n\n \n\n[Signed]\n\n \n\n……………………………..\n\nCharles Littrell\n\nExecutive General Manager\n\nPolicy, Research and Statistics Division\n\nInterpretation\n\nIn this Notice\n\n \n\nauthorised deposit-taking institution has the meaning given in subsection 5(1) of the Act.\n\nAPRA means the Australian Prudential Regulation Authority.\n\n \n\n \n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2599},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument maintains its original narrow scope of permitting specific restricted expressions for a defined class of financial institutions."},"complexity_factors":["Only 2 defined terms in the interpretation section","Single operative provision granting consent","No conditional logic, exceptions, or procedural requirements","Minimal cross-referencing (only to standard definitions in the parent Act)"],"plain_english_summary":"This class consent from APRA lets all authorised deposit-taking institutions (ADIs) use the business titles \"purchased payment facility provider\" and \"PPF provider\" without seeking individual permission. It matters because those terms would otherwise be restricted under the Banking Act; the consent clears the way for ADIs offering prepaid/loaded payment services (e.g., stored-value cards, digital wallets) to describe their business."}},"importantCases":[],"_links":{"self":"/api/acts/consent-to-use-restricted-expressions-class-consent-providers-of-purchased-payment-facilities-bankin","history":"/api/acts/consent-to-use-restricted-expressions-class-consent-providers-of-purchased-payment-facilities-bankin/history","analysis":"/api/acts/consent-to-use-restricted-expressions-class-consent-providers-of-purchased-payment-facilities-bankin/analysis","conflicts":"/api/acts/consent-to-use-restricted-expressions-class-consent-providers-of-purchased-payment-facilities-bankin/conflicts","importantCases":"/api/acts/consent-to-use-restricted-expressions-class-consent-providers-of-purchased-payment-facilities-bankin/important-cases","documents":"/api/acts/consent-to-use-restricted-expressions-class-consent-providers-of-purchased-payment-facilities-bankin/documents"}}