Commonwealth Numbered Regulations

ASIC SUPERVISORY COST RECOVERY LEVY REGULATIONS 2017 (F2017L00805) - REG 7

When an entity has a levy component

             (1)  A leviable entity has a levy component for a financial year in respect of each sub-sector of which the entity forms part at any time in the financial year.

Amount of a levy component

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

                     (a)  if a provision of Part 3 provides that the basic levy component applies to the sub-sector for the financial year--the basic levy component for the entity for the sub-sector for the financial year; or

                     (b)  otherwise--the amount of the levy component worked out for the entity and the sub-sector under Part 3.

Note:          For the basic levy component, see section 9.