Commonwealth Numbered Regulations

ASIC SUPERVISORY COST RECOVERY LEVY REGULATIONS 2017 (F2017L00805) - REG 11

             (1)  This section applies to a leviable entity for a financial year if:

                     (a)  a provision of Part 3 (the pro-rata provision ) that applies to the entity provides that there is a pro-rata of the entity metric for a sub-sector for a financial year; and

                     (b)  the number of counted days for the entity for the financial year under the pro-rata provision is less than the number of days in the financial year.

             (2)  The entity metric for the leviable entity is to be reduced by multiplying it by the following fraction:

where:

"counted days " means the number of days counted for the entity under the pro-rata provision.