{"id":"F2005L03622","name":"Determination of restricted expressions - 'Purchased payment facility provider' and 'PPF provider' (16/11/2005)","slug":"determination-of-restricted-expressions-purchased-payment-facility-provider-and-ppf-provider-16-11-2","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":39247,"registerId":"commonwealth-F2005L03622-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Determination of restricted expressions - 'Purchased payment facility provider' and 'PPF provider' (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\nDetermination of restricted expressions\n\n \n\n‘Purchased payment facility provider’ and ‘PPF provider’\n\nBanking Act 1959\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 ‘purchased payment facility provider’ and ‘PPF provider’ 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\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 Determination:\n\nAPRA means the Australian Prudential Regulation Authority.\n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1966},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This determination performs exactly the function authorized by section 66(5) of the Banking Act 1959—declaring specific expressions to be restricted. There is no evidence of scope expansion beyond the original statutory purpose of controlling the use of banking-related terminology."},"complexity_factors":["Single operative provision with no conditional logic or exceptions","Only one defined term (APRA)","No cross-references to other legislation beyond the empowering provision (section 66 of the Banking Act)","Total length is under 150 words"],"plain_english_summary":"This rule amends the Banking Act 1959 to prohibit businesses from describing themselves as a “purchased payment facility provider” or “PPF provider” unless they are properly authorized by APRA. It targets firms offering prepaid/stored‑value payment products (cards, wallets, travel money) and aims to prevent firms from implying they are bank‑style, APRA‑supervised entities, protecting consumers from misleading claims."}},"importantCases":[],"_links":{"self":"/api/acts/determination-of-restricted-expressions-purchased-payment-facility-provider-and-ppf-provider-16-11-2","history":"/api/acts/determination-of-restricted-expressions-purchased-payment-facility-provider-and-ppf-provider-16-11-2/history","analysis":"/api/acts/determination-of-restricted-expressions-purchased-payment-facility-provider-and-ppf-provider-16-11-2/analysis","conflicts":"/api/acts/determination-of-restricted-expressions-purchased-payment-facility-provider-and-ppf-provider-16-11-2/conflicts","importantCases":"/api/acts/determination-of-restricted-expressions-purchased-payment-facility-provider-and-ppf-provider-16-11-2/important-cases","documents":"/api/acts/determination-of-restricted-expressions-purchased-payment-facility-provider-and-ppf-provider-16-11-2/documents"}}