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ASIC SUPERVISORY COST RECOVERY LEVY REGULATIONS 2017 (F2017L00805) - REG 24

Small amount credit providers

             (1)  A leviable entity forms part of the small amount credit providers sub-sector in a financial year if, at any time in the financial year, the entity:

                     (a)  holds an Australian credit licence that authorises the holder to engage in credit activities as a credit provider; and

                     (b)  provides credit under a small amount credit contract.

Entity metric

             (2)  The leviable entity's entity metric for the sub-sector for the financial year is the gross amount of credit provided by the entity in the financial year under small amount credit contracts.



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