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ASIC SUPERVISORY COST RECOVERY LEVY REGULATIONS 2017 (F2017L00805) - REG 19

Listed corporations

             (1)  A leviable entity forms part of the listed corporations sub-sector in a financial year if, at any time in the financial year, the entity is a listed corporation.

Levy component

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

                     (a)  the minimum levy component for the sub-sector; and

                     (b)  the graduated levy component for the entity for the sub-sector.

Note:          For the graduated levy component, see section 10.

Entity metric

             (3)  The leviable entity's entity metric for the sub-sector for the financial year is:

                     (a)  if the entity's market capitalisation for the financial year (as worked out under subsection (5)) is less than the maximum levy threshold--the entity's market capitalisation for the financial year; or

                     (b)  if the entity's market capitalisation for the financial year (as worked out under subsection (5)) equals or exceeds the maximum levy threshold--the maximum levy threshold.

             (4)  However:

                     (a)  there is a pro-rata of the entity metric; and

                     (b)  for the purposes of section 11, the number of counted days is the number of days in the financial year on which the leviable entity was a listed corporation.

             (5)  A leviable entity's market capitalisation for a financial year is worked out by:

                     (a)  if the entity is listed on a financial market at the end of the financial year--multiplying:

                              (i)  the price for the entity's main class of securities at the time the financial market closes on the last trading day on or before 30 June of the financial year; by

                             (ii)  the number of securities in that class at that relevant time; or

                     (b)  if the entity is not listed on a financial market at the end of the financial year--multiplying:

                              (i)  the last price for the entity's main class of securities on the day before the entity stops being listed on the financial market; by

                             (ii)  the number of securities in that class at that relevant time.

             (6)  The maximum levy threshold for the sub-sector is $20,000,000,000.

             (7)  The minimum levy component for the sub-sector is $4,000.

             (8)  The minimum levy threshold for the sub-sector is $5,000,000.



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