Consent to use restricted expressions - Class consent - providers of purchased payment facilities - Banking Act 1959 (16/11/2005)
1Consent to use restricted expressions - Class consent - providers of purchased payment facilities - Banking Act 1959 (16/11/2005)
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Consent to use restricted expressions
Class consent – providers of purchased payment facilities
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) CONSENT to the use of the restricted expressions ‘purchased payment facility provider’ and ‘PPF provider’ by an authorised deposit-taking institution.
This Determination comes into effect upon registration on the Federal Register of Legislative Instruments.
Dated 16 November 2005
[Signed]
……………………………..
Charles Littrell
Executive General Manager
Policy, Research and Statistics Division
Interpretation
In this Notice
authorised deposit-taking institution has the meaning given in subsection 5(1) of the Act.
APRA means the Australian Prudential Regulation Authority.