Commonwealth Numbered Regulations Commonwealth Numbered RegulationsMathias Cormann
Minister for Finance
for the Minister for Revenue and Financial Services
Contents
1............ Name............................................................................................................................. 1
2............ Commencement............................................................................................................. 1
3............ Authority....................................................................................................................... 1
4............ Definitions..................................................................................................................... 1
Part 2--General provisions 4
Division 1--Regulatory costs 4
5............ Amounts not included in regulatory costs..................................................................... 4
Division 2--Amount of levy payable 5
Subdivision 2.1--General 5
6............ Amount of levy............................................................................................................. 5
7............ Levy component............................................................................................................ 5
8............ Levy component for leviable entities that are deregistered............................................. 5
Subdivision 2.2--Levy components 5
9............ Basic levy component.................................................................................................... 5
10.......... Graduated levy component............................................................................................ 6
11.......... Pro-rata of entity metric................................................................................................. 7
12.......... Rules about amounts..................................................................................................... 7
Part 3--Sectors, sub-sectors and levy components 8
Division 1--Corporate sector 8
Subdivision 1.1--General 8
13.......... Corporate sector............................................................................................................ 8
14.......... Basic levy component applies to sub-sectors in Subdivision 1.2................................... 8
Subdivision 1.2--Sub-sectors to which basic levy component applies 8
15.......... Auditors of disclosing entities....................................................................................... 8
16.......... Large proprietary companies......................................................................................... 8
17.......... Public companies (unlisted)........................................................................................... 9
18.......... Registered company auditors......................................................................................... 9
Subdivision 1.3--Sub-sectors to which graduated levy component applies 9
19.......... Listed corporations........................................................................................................ 9
20.......... Registered liquidators.................................................................................................. 10
Division 2--Deposit-taking and credit sector 12
Subdivision 2.1--General 12
21.......... Deposit-taking and credit sector.................................................................................. 12
22.......... Basic levy component applies to sub-sectors in Subdivision 2.2................................. 12
Subdivision 2.2--Sub-sectors to which basic levy component applies 12
23.......... Margin lenders............................................................................................................ 12
24.......... Small amount credit providers..................................................................................... 12
Subdivision 2.3--Sub-sectors to which graduated levy component applies 13
25.......... Credit intermediaries.................................................................................................... 13
26.......... Credit providers........................................................................................................... 13
27.......... Deposit product providers........................................................................................... 14
28.......... Payment product providers.......................................................................................... 14
Division 3--Investment management, superannuation and related services sector 16
Subdivision 3.1--General 16
29.......... Investment management, superannuation and related services sector.......................... 16
30.......... Basic levy component applies to sub-sectors in Subdivision 3.2................................. 16
Subdivision 3.2--Sub-sectors to which basic levy component applies 16
31.......... Custodians................................................................................................................... 16
32.......... Managed discretionary account providers................................................................... 16
33.......... Traditional trustee company service providers............................................................. 17
Subdivision 3.3--Sub-sectors to which graduated levy component applies 17
34.......... Operators of investor directed portfolio services......................................................... 17
35.......... Responsible entities..................................................................................................... 18
36.......... Superannuation trustees............................................................................................... 18
37.......... Wholesale trustees....................................................................................................... 19
Division 4--Financial advice sector 21
Subdivision 4.1--General 21
38.......... Financial advice sector................................................................................................. 21
39.......... Basic levy component applies to sub-sectors in Subdivision 4.2................................. 21
Subdivision 4.2--Sub-sectors to which basic levy component applies 21
40.......... Licensees that provide only general advice to retail or wholesale clients..................... 21
41.......... Licensees that provide personal advice to only wholesale clients................................ 21
42.......... Licensees that provide personal advice to retail clients on only products that are not relevant financial products 21
Subdivision 4.3--Sub-sectors to which graduated levy component applies 22
43.......... Licensees that provide personal advice on relevant financial products to retail clients. 22
Division 5--Market infrastructure and intermediaries sector 24
Subdivision 5.1--General 24
44.......... Market infrastructure and intermediaries sector........................................................... 24
45.......... Basic levy component applies to sub-sectors in Subdivision 5.2................................. 24
Subdivision 5.2--Sub-sectors to which basic levy component applies 24
46.......... Overseas market operators.......................................................................................... 24
47.......... Small securities exchange operators with self-listing function only............................. 24
48.......... Small securities exchange operators............................................................................ 25
49.......... Small futures exchange operators................................................................................ 25
50.......... Small derivatives market operators.............................................................................. 26
51.......... Large securities exchange operators............................................................................ 26
52.......... Large futures exchange operators................................................................................ 27
53.......... Exempt market operators............................................................................................. 27
54.......... Tier 1 clearing and settlement facility operators........................................................... 27
55.......... Tier 2 clearing and settlement facility operators........................................................... 28
56.......... Tier 3 clearing and settlement facility operators........................................................... 28
57.......... Tier 4 clearing and settlement facility operators........................................................... 29
58.......... Exempt CS facility operators....................................................................................... 29
59.......... Australian derivative trade repository operators.......................................................... 29
60.......... Credit rating agencies.................................................................................................. 29
61.......... Retail over-the-counter derivatives issuers.................................................................. 30
62.......... Wholesale electricity dealers........................................................................................ 30
Subdivision 5.3--Sub-sectors to which graduated levy component applies 30
63.......... Corporate advisors...................................................................................................... 30
64.......... Large futures exchange participants............................................................................. 31
65.......... Large securities exchange participants......................................................................... 32
66.......... Over-the-counter traders.............................................................................................. 33
67.......... Securities dealers......................................................................................................... 35
Division 6--Insurance sector 36
Subdivision 6.1--General 36
68.......... Insurance sector........................................................................................................... 36
69.......... Basic levy component applies to sub-sectors in Subdivision 6.2................................. 36
Subdivision 6.2--Sub-sectors to which basic levy component applies 36
70.......... Insurance product distributors..................................................................................... 36
71.......... Risk management product providers........................................................................... 36
Subdivision 6.3--Sub-sectors to which graduated levy component applies 37
72.......... Insurance product providers........................................................................................ 37
Part 4--Miscellaneous 39
73.......... Annual determination.................................................................................................. 39
Schedule 1--List of sub-sectors 40