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ASIC SUPERVISORY COST RECOVERY LEVY REGULATIONS 2017 (F2017L00805) - REG 36

Superannuation trustees

             (1)  A leviable entity forms part of the superannuation trustees sub-sector in a financial year if, at any time in the financial year, the entity is an RSE licensee (within the meaning of the Superannuation Industry (Supervision) Act 1993 ).

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 total value of assets in all registrable superannuation entities operated by the entity at the end of the financial year, disregarding any assets that are an interest in another registrable superannuation entity operated by the entity.

             (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 an RSE licensee.

             (5)  The minimum levy component for the sub-sector is $18,000.

             (6)  The minimum levy threshold for the sub-sector is $250,000,000.



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