{"id":"F2019L01487","name":"ASIC (Supervisory Cost Recovery Levy—Annual Determination) Instrument 2019/1161","slug":"asic-supervisory-cost-recovery-levy-annual-determination-instrument-2019-1161","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":440300,"registerId":"F2019L01487-fast-fetch-1775955979501","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC (Supervisory Cost Recovery Levy—Annual Determination) Instrument 2019/1161","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\ntitle: ASIC Template (Principal Legislative Instruments - Jan 2019)\n---\n\n![Commonwealth Coat of Arms and ASIC logo](image.001.png)\n\nASIC (Supervisory Cost Recovery Levy—Annual Determination) Instrument 2019/1161\n\nI, Emily Hodgson, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\n \n\nDate 20 November 2019\n\n \n\n \n\n \n\nEmily Hodgson\n\n \n\nContents\n\n[Part 1—Preliminary](#_Toc25146905)\n\n[1 Name of legislative instrument](#_Toc25146906)\n\n[2 Commencement](#_Toc25146907)\n\n[3 Authority](#_Toc25146908)\n\n[4 Definitions](#_Toc25146909)\n\n[Part 2—Determination](#_Toc25146910)\n\n[5 Applicable financial year](#_Toc25146911)\n\n[6 Sub-sector population](#_Toc25146912)\n\n[7 Sub-sector metrics—basic levy component and graduated levy component](#_Toc25146913)\n\n \n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC (Supervisory Cost Recovery Levy—Annual Determination) Instrument 2019/1161.\n\n2 Commencement\n\nThis instrument takes effect as follows:\n\n(a) if subsection 11(3) of ASIC Supervisory Cost Recovery Levy Act 2017 applies—the instrument takes effect on the day specified in paragraph 11(3)(a) of that Act;\n\n(b) if subsection 11(4) of ASIC Supervisory Cost Recovery Levy Act 2017 applies—the remaining provisions of the instrument take effect on the day specified in paragraph 11(4)(a) of that Act.\n\nNote 1: Section 11 of the ASIC Supervisory Cost Recovery Levy Act 2017 contains special provisions dealing with the disallowance and taking effect of instruments of this kind.\n\nNote 2: Subsection 9(9) of the ASIC Supervisory Cost Recovery Levy Act 2017 has the effect that the instrument can have retrospective application before the day it is registered on the Federal Register of Legislation. The register may be accessed at [www.legislation.gov.au](http://www.legislation.gov.au).\n\n3 Authority\n\nThis instrument is made under section 73 of the ASIC Supervisory Cost Recovery Levy Regulations 2017.\n\n4 Definitions\n\nIn this instrument:\n\n(a) Regulations means the ASIC Supervisory Cost Recovery Levy Regulations 2017;\n\n(b) unless the contrary intention appears, an expression that:\n\n(i) is used, but not defined, in this instrument; and\n\n(ii) is defined in the Regulations;\n\nhas the same meaning in this instrument as in the Regulations.\n\nPart 2—Determination\n\n5 Applicable financial year\n\nThis determination applies to the 2018–19 financial year.\n\n6 Sub-sector population\n\nFor the purposes of the definition of sub-sector population in subsection 4(1) of the Regulations, the sub-sector population for the sub-sector specified in column 2 of the table for the financial year is specified in column 3 of the table.  \n\n| Column 1 | Column 2 | Column 3 |\n| --- | --- | --- |\n| Item | Sub-sectors | Sub-sector population |\n| 1 | Auditors of disclosing entities | 112 |\n| 2 | Australian derivative trade repository operators | 2 |\n| 2A | Benchmark administrators | 0 |\n| 3 | Corporate advisors | 328 |\n| 4 | Credit intermediaries | 5,036 |\n| 5 | Credit providers | 1,149 |\n| 6 | Credit rating agencies | 6 |\n| 7 | Custodians | 1,093 |\n| 8 | Deposit product providers | 223 |\n| 8AA | Entities subject to close and continuous monitoring | 5 |\n| 8A | Established specialised market operators | 5 |\n| 9 | Exempt CS facility operators | 1 |\n| 10 | Exempt market operators | 25 |\n| 11 | Insurance product distributors | 3,173 |\n| 12 | Insurance product providers | 96 |\n| 13 | Large futures exchange operators | 1 |\n| 14 | Large futures exchange participants | 40 |\n| 15 | Large proprietary companies | 10,782 |\n| 16 | Large securities exchange operators | 2 |\n| 17 | Large securities exchange participants | 66 |\n| 18 | Licensees that provide only general advice to retail clients or wholesale clients | 1,020 |\n| 19 | Licensees that provide personal advice on relevant financial products to retail clients | 3,051 |\n| 20 | Licensees that provide personal advice to only wholesale clients | 1,579 |\n| 21 | Licensees that provide personal advice to retail clients on only products that are not relevant financial products | 645 |\n| 22 | Listed corporations | 2,177 |\n| 23 | Managed discretionary account providers | 251 |\n| 24 | Margin lenders | 24 |\n| 24A | New specialised market operators | 1 |\n| 25 | Operators of investor directed portfolio services | 93 |\n| 25A | Operators of notified foreign passport funds and regulated former notified funds | 0 |\n| 26 | Overseas market operators | 15 |\n| 27 | Over-the-counter traders | 65 |\n| 28 | Payment product providers | 664 |\n| 29 | Public companies (unlisted) | 14,868 |\n| 30 | Registered company auditors | 4,089 |\n| 31 | Registered liquidators | 675 |\n| 32 | Responsible entities | 464 |\n| 33 | Retail over-the-counter derivatives issuers | 105 |\n| 34 | Risk management product providers | 61 |\n| 35 | Securities dealers | 953 |\n| 36 | Small and medium amount credit providers | 237 |\n| 38 | Small futures exchange operators | 0 |\n| 39 | Small securities exchange operators | 2 |\n| 40 | Small securities exchange operators with self-listing function only | 1 |\n| 41 | Superannuation trustees | 127 |\n| 42 | Tier 1 clearing and settlement facility operators | 4 |\n| 43 | Tier 2 clearing and settlement facility operators | 1 |\n| 44 | Tier 3 clearing and settlement facility operators | 1 |\n| 45 | Tier 4 clearing and settlement facility operators | 1 |\n| 46 | Traditional trustee company service providers | 13 |\n| 47 | Wholesale electricity dealers | 21 |\n| 48 | Wholesale trustees | 1,685 |\n\n\n7 Sub-sector metrics—basic levy component and graduated levy component\n\nFor the purposes of the definitions of:\n\n(a) basic levy component in subsection 9(1) of the Regulations; and\n\n(b) graduated levy component in subsection 10(1) of the Regulations;\n\nthe applicable sub-sector metric for the sub-sector specified in column 2 of the table for the financial year is specified in column 3 of the table.    \n\n- Column 1 Column 2 Column 3\n- Item Sub-sectors Sub-sector metric\n- Basic levy component(as applicable) Graduated levy component(as applicable)\n- 1 Auditors of disclosing entities 561,054,751\n- 2 Australian derivative trade repository operators 730\n- 2A Benchmark administrators 0\n- 3 Corporate advisors 2,742,084,177\n- 4 Credit intermediaries 36,484\n- 5 Credit providers 508,999,623,403\n- 6 Credit rating agencies 1,095\n- 7 Custodians 1,093\n- 8 Deposit product providers 2,387,956,164,966\n- 8AA Entities subject to close and continuous monitoring 5\n- 8A Established specialised market operators 3,773\n- 9 Exempt CS facility operators 365\n- 10 Exempt market operators 8,552\n- 11 Insurance product distributors 3,173\n- 12 Insurance product providers 44,864,222,897\n- 13 Large futures exchange operators 365\n- 14 Large futures exchange participants 239,196,322 (messages)382,044,948 (lots)\n- 15 Large proprietary companies 10,782\n- 16 Large securities exchange operators 1,714,279,055,129\n- 17 Large securities exchange participants 4,177,206,059 (messages)960,191,603 (transactions)\n- 18 Licensees that provide only general advice to retail clients or wholesale clients 1,020\n- 19 Licensees that provide personal advice on relevant financial products to retail clients 24,919\n- 20 Licensees that provide personal advice to only wholesale clients 1,579\n- 21 Licensees that provide personal advice to retail clients on only products that are not relevant financial products 227,499\n- 22 Listed corporations 1,430,964,395,712\n- 23 Managed discretionary account providers 82,614\n- 24 Margin lenders 8,128\n- 24A New specialised market operators 365\n- 25 Operators of investor directed portfolio services 692,608,032\n- 25A Operators of notified foreign passport funds and regulated former notified funds 0\n- 26 Overseas market operators 4,293\n- 27 Over-the-counter traders 2,509\n- 28 Payment product providers 3,600,559,353\n- 29 Public companies (unlisted) 14,868\n- 30 Registered company auditors 4,089\n- 31 Registered liquidators 58,002\n- 32 Responsible entities 1,339,000,721,341\n- 33 Retail over-the-counter derivatives issuers 36,221\n- 34 Risk management product providers 21,498\n- 35 Securities dealers 103,581,872,065\n- 36 Small and medium amount credit providers 1,635,986,174\n- 38 Small futures exchange operators 0\n- 39 Small securities exchange operators 730\n- 40 Small securities exchange operators with self-listing function only 365\n- 41 Superannuation trustees 1,692,632,721,648\n- 42 Tier 1 clearing and settlement facility operators 1,460\n- 43 Tier 2 clearing and settlement facility operators 365\n- 44 Tier 3 clearing and settlement facility operators 365\n- 45 Tier 4 clearing and settlement facility operators 365\n- 46 Traditional trustee company service providers 4,616\n- 47 Wholesale electricity dealers 21\n- 48 Wholesale trustees 604,247,405,032\n\n\n \n","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":3,"scope_assessment":{"changed":false,"description":"This instrument performs exactly the function intended by the parent Act and Regulations — making annual determinations of sub-sector populations and metrics for cost recovery purposes. It has not expanded beyond this narrow technical purpose."},"complexity_factors":["Only 7 operative sections with minimal conditional logic","Two straightforward tables containing raw numerical data (populations and metrics)","Heavy reliance on defined terms from parent legislation (ASIC Supervisory Cost Recovery Levy Regulations 2017) but no new definitions of substance","No nested exceptions or complex cross-referencing beyond standard commencement provisions","Retrospective application mechanism clearly noted but not complex in operation","Structure is purely administrative/declaratory — setting specific numbers rather than creating rules"],"plain_english_summary":"This instrument fixes the entity counts and dollar metrics ASIC uses to allocate 2018–19 industry funding across 48 financial business types. It sets the per‑entity basic levy and activity‑based graduated metrics so ASIC’s running costs are apportioned among banks, insurers, advisers, auditors, market operators and others. The allocations drive what firms (and often consumers) pay and replace more taxpayer funding; some graduated metrics reflect very large total activity volumes."},"flash_summary":{"complexity_score":6,"scope_assessment":{"changed":false,"description":"This instrument does not change which sub‑sectors are subject to the levy. It simply specifies, for the 2018–19 financial year, the sub‑sector populations (s6) and the applicable metrics for the basic and graduated levy components (s7) under the Regulations. It is made under the Regulations' authority (s3) and operates within the Act's commencement/disallowance framework (s2)."},"complexity_factors":["Large tabular dataset covering 48 distinct sub‑sectors with specific population counts (s6).","Separate metrics for basic and graduated levy components, including some sub‑sectors with multiple unit types (e.g. messages, lots, transactions) complicating calculation (s7).","Numerous zero and small counts requiring attention to rounding and allocation rules in the underlying Regulations (s6, s7).","Instrument is a delegated annual determination that cross‑references the Regulations and the ASIC Supervisory Cost Recovery Levy Act 2017, adding legal dependencies (commencement and retrospective references in s2; authority in s3).","Retrospective application is noted as possible under the Act (note to s2 referencing s9(9) of the ASIC Supervisory Cost Recovery Levy Act 2017), increasing legal/administrative risk for affected entities.","Plain numeric scale differences (from single‑digit counts to multi‑trillion dollar metrics) increase potential for calculation and data‑validation errors (s7).","No methodological detail in this instrument about how metrics were derived — implementation depends on the Regulations’ formulas and ASIC processing, creating operational reliance on external rules (s4 cross‑references to the Regulations)."],"plain_english_summary":"This instrument sets the 2018–19 figures ASIC will use to allocate supervisory cost‑recovery levies: it lists how many entities sit in each regulated sub‑sector and the numeric metric used to calculate both the basic and graduated levy components.\n\nEntities in the listed sub‑sectors pay the levies; the determination fixes each liable entity’s direct cost exposure for the year and the administrative inputs ASIC and levy‑paying firms must use to calculate payments."}},"importantCases":[],"_links":{"self":"/api/acts/asic-supervisory-cost-recovery-levy-annual-determination-instrument-2019-1161","history":"/api/acts/asic-supervisory-cost-recovery-levy-annual-determination-instrument-2019-1161/history","analysis":"/api/acts/asic-supervisory-cost-recovery-levy-annual-determination-instrument-2019-1161/analysis","conflicts":"/api/acts/asic-supervisory-cost-recovery-levy-annual-determination-instrument-2019-1161/conflicts","importantCases":"/api/acts/asic-supervisory-cost-recovery-levy-annual-determination-instrument-2019-1161/important-cases","documents":"/api/acts/asic-supervisory-cost-recovery-levy-annual-determination-instrument-2019-1161/documents"}}