Commonwealth Consolidated Regulations

ASIC SUPERVISORY COST RECOVERY LEVY REGULATIONS 2017 - REG 7

When an entity has a levy component

  (1)   A leviable entity has a levy component for a financial year in respect of each sub - sector of which the entity forms part at any time in the financial year.

Amount of a levy component

  (2)   The amount of a leviable entity's levy component for a financial year in respect of a sub - sector is:

  (a)   if a provision of Part   3 provides that the basic levy component applies to the sub - sector for the financial year--the basic levy component for the entity for the sub - sector for the financial year; or

  (b)   otherwise--the amount of the levy component worked out for the entity and the sub - sector under Part   3.

Note:   For the basic levy component, see section   9.