Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) A leviable entity forms part of the large securities exchange operators sub-sector in a financial year if, at any time in the financial year, the entity is the operator of a large securities exchange.
Entity metric
(2) The leviable entity's entity metric for the sub-sector for the financial year is:
(a) unless paragraph (b) applies--the total value of all transactions that:
(i) are entered into on, or reported to, the large securities exchange operated by the entity in the financial year; and
(ii) are within the operating rules of the exchange; and
(iii) are not invalid or cancelled; or
(b) if the entity operated 2 or more large securities exchanges in the financial year--the sum of the amounts worked out under paragraph (a) for each of those exchanges.
(3) A licensed market is a large securities exchange , in relation to a financial year, if:
(a) 10 million or more transactions in securities are entered into on the market in the financial year; and
(b) the market is not an overseas market.