Commonwealth Numbered Regulations

ASIC SUPERVISORY COST RECOVERY LEVY REGULATIONS 2017 (F2017L00805)

TABLE OF PROVISIONS

   PART 1--PRELIMINARY

   1.      Name  
   2.      Commencement  
   3.      Authority  
   4.      Definitions  

   PART 2--GENERAL PROVISIONS

           Division 1--Regulatory costs

   5.      Amounts not included in regulatory costs  

           Division 2--Amount of levy payable

              Subdivision 2.1--General

   6.      Amount of levy  
   7.      Levy component  
   8.      Levy component for leviable entities that are deregistered  

              Subdivision 2.2--Levy components

   9.      Basic levy component  
   10.     Graduated levy component  
   11.     Pro-rata of entity metric  
   12.     Rules about amounts  

   PART 3--SECTORS, SUB-SECTORS AND LEVY COMPONENTS

           Division 1--Corporate sector

              Subdivision 1.1--General

   13.     Corporate sector  
   14.     Basic levy component applies to sub-sectors in Subdivision 1.2  

              Subdivision 1.2--Sub-sectors to which basic levy component applies

   15.     Auditors of disclosing entities  
   16.     Large proprietary companies  
   17.     Public companies (unlisted)  
   18.     Registered company auditors  

              Subdivision 1.3--Sub-sectors to which graduated levy component applies

   19.     Listed corporations  
   20.     Registered liquidators  

           Division 2--Deposit-taking and credit sector

              Subdivision 2.1--General

   21.     Deposit-taking and credit sector  
   22.     Basic levy component applies to sub-sectors in Subdivision 2.2  

              Subdivision 2.2--Sub-sectors to which basic levy component applies

   23.     Margin lenders  
   24.     Small amount credit providers  

              Subdivision 2.3--Sub-sectors to which graduated levy component applies

   25.     Credit intermediaries  
   26.     Credit providers  
   27.     Deposit product providers  
   28.     Payment product providers  

           Division 3--Investment management, superannuation and related services sector

              Subdivision 3.1--General

   29.     Investment management, superannuation and related services sector  
   30.     Basic levy component applies to sub-sectors in Subdivision 3.2  

              Subdivision 3.2--Sub-sectors to which basic levy component applies

   31.     Custodians  
   32.     Managed discretionary account providers  
   33.     Traditional trustee company service providers  

              Subdivision 3.3--Sub-sectors to which graduated levy component applies

   34.     Operators of investor directed portfolio services  
   35.     Responsible entities  
   36.     Superannuation trustees  
   37.     Wholesale trustees  

           Division 4--Financial advice sector

              Subdivision 4.1--General

   38.     Financial advice sector  
   39.     Basic levy component applies to sub-sectors in Subdivision 4.2  

              Subdivision 4.2--Sub-sectors to which basic levy component applies

   40.     Licensees that provide only general advice to retail or wholesale clients  
   41.     Licensees that provide personal advice to only wholesale clients  
   42.     Licensees that provide personal advice to retail clients on only products that are not relevant financial products  

              Subdivision 4.3--Sub-sectors to which graduated levy component applies

   43.     Licensees that provide personal advice on relevant financial products to retail clients  

           Division 5--Market infrastructure and intermediaries sector

              Subdivision 5.1--General

   44.     Market infrastructure and intermediaries sector  
   45.     Basic levy component applies to sub-sectors in Subdivision 5.2  

              Subdivision 5.2--Sub-sectors to which basic levy component applies

   46.     Overseas market operators  
   47.     Small securities exchange operators with self-listing function only  
   48.     Small securities exchange operators  
   49.     Small futures exchange operators  
   50.     Small derivatives market operators  
   51.     Large securities exchange operators  
   52.     Large futures exchange operators  
   53.     Exempt market operators  
   54.     Tier 1 clearing and settlement facility operators  
   55.     Tier 2 clearing and settlement facility operators  
   56.     Tier 3 clearing and settlement facility operators  
   57.     Tier 4 clearing and settlement facility operators  
   58.     Exempt CS facility operators  
   59.     Australian derivative trade repository operators  
   60.     Credit rating agencies  
   61.     Retail over-the-counter derivatives issuers  
   62.     Wholesale electricity dealers  

              Subdivision 5.3--Sub-sectors to which graduated levy component applies

   63.     Corporate advisors  
   64.     Large futures exchange participants  
   65.     Large securities exchange participants  
   66.     Over-the-counter traders  
   67.     Securities dealers  

           Division 6--Insurance sector

              Subdivision 6.1--General

   68.     Insurance sector  
   69.     Basic levy component applies to sub-sectors in Subdivision 6.2  

              Subdivision 6.2--Sub-sectors to which basic levy component applies

   70.     Insurance product distributors  
   71.     Risk management product providers  

              Subdivision 6.3--Sub-sectors to which graduated levy component applies

   72.     Insurance product providers  

   PART 4----MISCELLANEOUS

   73.     Annual determination  
           SCHEDULE 1 List of sub-sectors