Commonwealth Numbered Regulations

ASIC SUPERVISORY COST RECOVERY LEVY REGULATIONS 2017 (F2017L00805) - REG 26

             (1)  A leviable entity forms part of the credit providers sub-sector in a financial year if, at any time in the financial year, the entity holds an Australian credit licence that authorises the holder to engage in credit activities as a credit provider.

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)  if the entity's entity metric for the sub-sector for the financial year exceeds the minimum levy threshold--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 the gross amount of credit provided by the entity in the financial year under credit contracts (other than small amount credit contracts).

             (4)  The minimum levy component for the sub-sector is $2,000.

             (5)  The minimum levy threshold for the sub-sector is $100,000,000.