Banking (restricted word or expression) consent No. 1 of 2006
1Banking (restricted word or expression) consent No. 1 of 2006
Start here
Get a plain-English read of 1
Turn the raw legal text into a practical explanation grounded in Banking (restricted word or expression) consent No. 1 of 2006.
Image unavailable in extracted text
Banking (restricted word or expression) consent No. 1 of 2006
Banking Act 1959
I, 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:
-
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
-
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.
Paragraphs 1 and 2 come into effect upon registration of this consent on the Federal Register of Legislative Instruments.
Dated 18 January 2006
[signed]
…………………………………
Charles Littrell
Executive General Manager
Policy, Research & Statistics Division
In this instrument:
APRA means the Australian Prudential Regulation Authority.