Do fintech (non-bank) businesses need to comply with Stored Value Facility rules (banking exception)?
A computed answer from the Rules Mate applicability engine, with the exact condition, the outcome for every structure and size, and the primary source.
Short answer: Only if
Only if you provide payment or stored-value facilities. Being in this industry makes the obligation worth checking (Industry: Fintech (non-bank)), but the trigger is a fact the industry alone does not settle.
The obligation in brief
Comply with Stored Value Facility rules (banking exception). Currently regulated as Purchased Payment Facilities under the Banking Act 1959 (Cwlth). APRA regulates the larger SVF providers; smaller facilities operate under specific declarations.
Trigger: Operating SVF/PPF in Australia.
Why fintech (non-bank) get a different answer
Rules Mate runs its applicability engine across 9 business structures and 6 size bands for each of the 35 industries it maps. For 34 of those industries the answer for "Comply with Stored Value Facility rules (banking exception)" is no. Fintech (non-bank) is one of the 1 where the answer is different: only if.
The deciding fact for fintech (non-bank) businesses: Industry: Fintech (non-bank); applies only if you provide payment or stored-value facilities.
About the industry: Non-bank financial technology businesses — neobanks, BNPL, payment processors, crypto exchanges.
Compare a professional services (general) business with 6–19 employees structured as a Pty Ltd company: the obligation does not apply (Requires a trigger outside this questionnaire).
Answer by business structure and size
Each cell is the engine's outcome for a business in fintech (non-bank) with that structure and size, assuming it sells to consumers and small businesses and holds customer contact details. "Check" means the obligation turns on a fact the industry does not settle.
| Structure | No employees | 1–5 employees | 6–19 employees | 20–99 employees | 100–499 employees | 500+ employees |
|---|---|---|---|---|---|---|
| Sole trader | Check | Check | Check | Check | Check | Check |
| Partnership | Check | Check | Check | Check | Check | Check |
| Trust | Check | Check | Check | Check | Check | Check |
| Pty Ltd company | Check | Check | Check | Check | Check | Check |
| Public company | Check | Check | Check | Check | Check | Check |
| Not-for-profit (unregistered) | Check | Check | Check | Check | Check | Check |
| Registered charity | Check | Check | Check | Check | Check | Check |
| Super fund | Check | Check | Check | Check | Check | Check |
| Foreign company | Check | Check | Check | Check | Check | Check |
What the obligation requires
- When due
- Continuous; rules in transition.
- Evidence to keep
- APRA registration (where applicable); customer fund segregation; AML/CTF + privacy compliance.
- Maximum penalty
- APRA enforcement + Banking Act civil penalties
- Regulator
- APRA and ASIC
- Jurisdiction
- Commonwealth (national)
Other obligations where fintech (non-bank) differ from the norm
- Payment Service Provider (PSP) licensing reform — implementation pending: Only if
- Comply with the ePayments Code: Only if
- Major banks must provide CDR Banking + Action Initiation (2026): Only if
- Comply with CDR Banking (Open Banking) — major + non-major ADIs: Only if
- Consumer Data Right (CDR) participant accreditation + compliance: Only if
- ISO/IEC 27001 ISMS certification — increasingly customer-mandated: Only if
- All 8 answers for fintech (non-bank)
Questions
- Do fintech (non-bank) businesses need to comply with Stored Value Facility rules (banking exception)?
- Only if you provide payment or stored-value facilities. Being in this industry makes the obligation worth checking (Industry: Fintech (non-bank)), but the trigger is a fact the industry alone does not settle.
- Is the answer the same for every industry?
- No. For 34 of the 35 industries Rules Mate maps, the answer is no. Fintech (non-bank) is one of 1 industries with a different answer.
Related
Sources
Computed by the Rules Mate applicability engine from the published obligation corpus; facts last checked 3 October 2026. Rules Mate is not a law firm and this is general information, not legal advice. Confirm your position with the regulator source or a qualified adviser before acting.