Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) A leviable entity forms part of the wholesale trustees sub-sector in a financial year if, at any time in the financial year, the entity holds an Australia financial services licence that authorises the holder to deal in a financial product by issuing interests in, or arranging for the issue of interests in, a managed investment scheme to wholesale clients.
Levy component--financial year starting on 1 July 2017
(2) The basic levy component applies in respect of the sub-sector for the financial year starting on 1 July 2017.
Note: For the basic levy component, see section 9.
Entity metric--financial year starting on 1 July 2017
(3) The leviable entity's entity metric for the sub-sector for the financial year starting on 1 July 2017 is the number of days in the financial year on which the entity holds a licence of a kind mentioned in subsection (1).
Levy component--financial year starting on or after 1 July 2018
(4) The amount of a leviable entity's levy component in respect of the sub-sector for a financial year starting on or after 1 July 2018 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--financial year starting on or after 1 July 2018
(5) The leviable entity's entity metric for the sub-sector for a financial year starting on or after 1 July 2018 is the total value of assets at the end of the financial year in all unregistered managed investment schemes issued by the entity, disregarding any assets that are an interest in another unregistered managed investment scheme issued by the entity.
(6) However:
(a) there is a pro-rata of the entity metric for the sub-sector for a financial year starting on or after 1 July 2018; 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 holds a licence of the kind mentioned in subsection (1).
(7) The minimum levy component for the sub-sector is $1,000.