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ASIC SUPERVISORY COST RECOVERY LEVY REGULATIONS 2017 (F2017L00805) - REG 67

Securities dealers

             (1)  A leviable entity forms part of the securities dealers sub-sector in a financial year if:

                     (a)  the entity holds, at any time in the financial year, an Australian financial services licence that authorises the holder to deal in securities; and

                     (b)  the entity is not, at any time in the financial year, a participant in a clearing and settlement facility, a large futures exchange or a large securities exchange; and

                     (c)  more than $250,000 in transactions for the entity are executed on, or reported to, a large securities exchange in the financial year.

Levy component

             (2)  The amount of a leviable entity's levy component in respect of the sub-sector for a financial year 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

             (3)  The leviable entity's entity metric for the sub-sector for the financial year is the total value of transactions in securities (as measured by the buy price plus the sale price of securities) that:

                     (a)  are executed for the entity on, or reported for the entity to, a large securities exchange in the financial year; and

                     (b)  are reported by the operator of the large securities exchange to ASIC's Market Surveillance System; and

                     (c)  are recognised by ASIC's Market Surveillance System as executed transactions.

             (4)  The minimum levy component for the sub-sector is $1,000.



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