{"id":"F2022L01444","name":"ASIC (Supervisory Cost Recovery Levy—Annual Determination) Instrument 2022/890","slug":"asic-supervisory-cost-recovery-levy-annual-determination-instrument-2022-890","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":441595,"registerId":"F2022L01444-fast-fetch-1775956864272","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 2022/890","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 22.10.0\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 2022/890\n\nI, Peter Dunlop, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\n \n\nDate 9 November 2022\n\n \n\n \n\n \n\n \n\n \n\nPeter Dunlop   \n\n \n\nContents\n\n[Part 1—Preliminary](#_Toc56528623)\n\n[1 Name of legislative instrument](#_Toc56528624)\n\n[2 Commencement and date of effect](#_Toc56528625)\n\n[3 Authority](#_Toc56528626)\n\n[4 Definitions](#_Toc56528627)\n\n[Part 2—Determination](#_Toc56528628)\n\n[5 Applicable financial year](#_Toc56528629)\n\n[6 Sub-sector population](#_Toc56528630)\n\n[7 Sub-sector metrics—basic levy component and graduated levy component](#_Toc56528631)\n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC (Supervisory Cost Recovery Levy—Annual Determination) Instrument 2022/890.\n\n2 Commencement and date of effect\n\n(1) This instrument commences on the day after it is registered on the Federal Register of Legislation.\n\n Note: The register may be accessed at [www.legislation.gov.au](http://www.legislation.gov.au).\n\n(2) This 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; and\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 2021-22 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 | 122 |\n| 2 | Australian derivative trade repository operators | 1 |\n| 2A | Benchmark administrators | 2 |\n| 2B | Claims handling and settling services providers | 304 |\n| 3 | Corporate advisors | 343 |\n| 4 | Credit intermediaries | 4,291 |\n| 5 | Credit providers | 1,041 |\n| 6 | Credit rating agencies | 6 |\n| 7 | Custodians | 1,277 |\n| 8 | Deposit product providers | 197 |\n| 8A | Established specialised market operators | 23 |\n| 9 | Exempt CS facility operators | 2 |\n| 10 | Exempt market operators | 3 |\n| 11 | Insurance product distributors | 3,452 |\n| 12 | Insurance product providers | 106 |\n| 13 | Large futures exchange operators | 1 |\n| 14 | Large futures exchange participants | 34 |\n| 15 | Large proprietary companies | 9,820 |\n| 16 | Large securities exchange operators | 2 |\n| 17 | Large securities exchange participants | 63 |\n| 18 | Licensees that provide only general advice to retail or wholesale clients | 1,076 |\n| 19 | Licensees that provide personal advice on relevant financial products to retail clients | 2,886 |\n| 20 | Licensees that provide personal advice to only wholesale clients | 1,822 |\n| 21 | Licensees that provide personal advice to retail clients on only products that are not relevant financial products | 596 |\n| 22 | Listed corporations | 2,189 |\n| 23 | Managed discretionary account providers | 244 |\n| 24 | Margin lenders | 24 |\n| 24A | New specialised market operators | 1 |\n| 25 | Operators of investor directed portfolio services | 82 |\n| 25A | Operators of notified foreign passport funds and regulated former notified funds | 0 |\n| 26 | Overseas market operators | 29 |\n| 27 | Over-the-counter traders | 80 |\n| 28 | Payment product providers | 662 |\n| 29 | Public companies (unlisted) | 14,859 |\n| 30 | Registered company auditors | 3,413 |\n| 31 | Registered liquidators | 669 |\n| 32 | Responsible entities | 435 |\n| 33 | Retail over-the-counter derivatives issuers | 94 |\n| 34 | Risk management product providers | 73 |\n| 35 | Securities dealers | 1,182 |\n| 36 | Small and medium amount credit providers | 419 |\n| 38 | Small futures exchange operators | 1 |\n| 39 | Small securities exchange operators | 2 |\n| 40 | Small securities exchange operators with self-listing function only | 1 |\n| 41 | Superannuation trustees | 96 |\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 | 11 |\n| 47 | Wholesale electricity dealers | 43 |\n| 48 | Wholesale trustees | 1,832 |\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 610,039,672\n- 2 Australian derivative trade repository operators 365\n- 2A Benchmark administrators 730\n- 2B Claims handling and settling services providers 6,066,296\n- 3 Corporate advisors 4,551,764,509\n- 4 Credit intermediaries 38,722\n- 5 Credit providers 773,879,793,771\n- 6 Credit rating agencies 1,095\n- 7 Custodians 1,277\n- 8 Deposit product providers 2,972,678,312,388\n- 8A Established specialised market operators 7,855\n- 9 Exempt CS facility operators 509\n- 10 Exempt market operators 1,095\n- 11 Insurance product distributors 3,452\n- 12 Insurance product providers 49,584,581,187\n- 13 Large futures exchange operators 365\n- 14 Large futures exchange participants 311,861,292 (messages)300,040,302 (lots)\n- 15 Large proprietary companies 9,820\n- 16 Large securities exchange operators 2,351,638,397,871\n- 17 Large securities exchange participants 5,695,147,937 (messages)1,143,113,162 (transactions)\n- 18 Licensees that provide only general advice to retail or wholesale clients 1,076\n- 19 Licensees that provide personal advice on relevant financial products to retail clients 16,153\n- 20 Licensees that provide personal advice to only wholesale clients 1,822\n- 21 Licensees that provide personal advice to retail clients on only products that are not relevant financial products 210,564\n- 22 Listed corporations 1,480,534,962,926\n- 23 Managed discretionary account providers 83,898\n- 24 Margin lenders 8,282\n- 24A New specialised market operators 171\n- 25 Operators of investor directed portfolio services 671,740,471\n- 25A Operators of notified foreign passport funds and regulated former notified funds\n- 26 Overseas market operators 10,306\n- 27 Over-the-counter traders 2,034\n- 28 Payment product providers 4,626,118,061\n- 29 Public companies (unlisted) 14,859\n- 30 Registered company auditors 3,413\n- 31 Registered liquidators 41,226\n- 32 Responsible entities 1,433,561,639,940\n- 33 Retail over-the-counter derivatives issuers 32,303\n- 34 Risk management product providers 24,798\n- 35 Securities dealers 217,147,572,301\n- 36 Small and medium amount credit providers 1,343,318,539\n- 38 Small futures exchange operators 365\n- 39 Small securities exchange operators 730\n- 40 Small securities exchange operators with self-listing function only 365\n- 41 Superannuation trustees 1,989,826,708,586\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 4,015\n- 47 Wholesale electricity dealers 43\n- 48 Wholesale trustees 818,932,713,553\n\n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":3,"scope_assessment":{"changed":false,"description":"This instrument performs exactly the function intended by its enabling legislation — making annual determinations of sector populations and metrics for levy calculation. It has not expanded beyond this narrow technical purpose."},"complexity_factors":["Only 7 operative sections with minimal conditional logic","Two straightforward tables containing raw data (population counts and financial metrics)","Heavy reliance on external definitions — most key terms are defined in the ASIC Supervisory Cost Recovery Levy Regulations 2017 rather than this instrument","Simple commencement provisions with standard Federal Register of Legislation triggers","No nested exceptions or complex cross-referencing within the instrument itself","Retrospectivity provision is explicitly noted but operates via straightforward statutory incorporation (subsection 9(9) of the parent Act)"],"plain_english_summary":"This instrument sets ASIC’s 2021–22 fee base: it specifies how many entities are in each regulated category and the industry financial metrics used to calculate levies. \n\nThat determines how the costs of market and corporate supervision are allocated across banks, insurers, investment firms, market operators, auditors, trustees and other financial services businesses — directly affecting their regulatory bills and how ASIC is funded for the year."},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"This instrument does not change which sub‑sectors are subject to ASIC’s supervisory cost recovery levy. It specifies the annual numeric inputs (sub‑sector populations and metrics) for the 2021–22 financial year (see s5, s6, s7) used to allocate levy components under the Regulations, rather than altering the Regulations’ substantive scope or levy rules."},"complexity_factors":["Large tabular schedule covering 48 distinct sub‑sectors with numeric populations (Part 2, s6) increases data volume to process.","Dual metric structure: separate inputs for the basic levy component and the graduated levy component requiring cross‑reference to Regulations (s7 refers to subsections 9(1) and 10(1) of the Regulations).","Cross‑references to the ASIC Supervisory Cost Recovery Levy Act 2017 for commencement and disallowance mechanics (s2 references ss 11(3), 11(4); note references s9(9)).","Precision of very large monetary/transactional figures in the metrics table demands accurate source data for correct levy allocation (Part 2, s7 columns).","Instrument is a delegated annual determination (authority under s3), so legal effect depends on external formulae in the Regulations rather than contained policy text here."],"plain_english_summary":"This instrument supplies the numeric inputs ASIC will use to calculate supervisory cost‑recovery levies for the 2021–22 financial year. It lists the number of entities in each regulated sub‑sector (the sub‑sector population) and the metric assigned to each sub‑sector for the basic and graduated levy components.\n\nAffected organisations are those named in the tables; the instrument is made under the Regulations (s3) and applies to 2021–22 (s5). It provides counts and metrics that feed the levy calculations under the Regulations, rather than setting levy rates directly."},"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"}},"importantCases":[],"_links":{"self":"/api/acts/asic-supervisory-cost-recovery-levy-annual-determination-instrument-2022-890","history":"/api/acts/asic-supervisory-cost-recovery-levy-annual-determination-instrument-2022-890/history","analysis":"/api/acts/asic-supervisory-cost-recovery-levy-annual-determination-instrument-2022-890/analysis","conflicts":"/api/acts/asic-supervisory-cost-recovery-levy-annual-determination-instrument-2022-890/conflicts","importantCases":"/api/acts/asic-supervisory-cost-recovery-levy-annual-determination-instrument-2022-890/important-cases","documents":"/api/acts/asic-supervisory-cost-recovery-levy-annual-determination-instrument-2022-890/documents"}}