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Commonwealth legislation
This instrument sets how ASIC classifies the complexity of applications under subsection 825A(2) to impose, vary or revoke conditions on an Australian CS facility licence (for the instrument’s fee/complexity purposes). It defines medium complexity as cases requiring a moderate level of expertise or time to assess the matters in subsection 827A(2), or where new policy must be developed; low complexity is any lodgment that is neither high nor medium. It therefore affects applicants and ASIC assessors by guiding categorisation and administrative handling.
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Direct links to the current provisions in ASIC (Fees—Complexity Criteria) Instrument 2018/578.
(2) The lodgment of an application, under subsection 825A(2) of the Act, to impose, vary or revoke conditions on an Australian CS facility licence, is of medium complexity if the assessment of the application requires:
(a) a moderate level of expertise, or a moderate amount of time, to assess the matters referred to in subsection 827A(2) of the Act; or
(b) the development of new policy in relation to Australian CS facility licences.
(3) The lodgment of an application, under subsection 825A(2) of the Act, to impose, vary or revoke conditions, on an Australian CS facility licence, is of low complexity if the lodgment of the application is of neither high nor medium complexity.
Endnotes
Endnote 1—Instrument history
| Instrument number | Date of FRL registration | Date of commencement | Application, saving or transitional provisions |
|---|---|---|---|
| 2018/578 | 3/7/2018 (see F2018L00995) | 4/7/2018 | |
| 2019/130 | 27/3/2019 (see F2019L00425) | 1/4/2019 | - |
| 2023/670 | 31/8/2023 | 1/9/2023 |
Endnote 2—Amendment history
Note: ad. = added or inserted am. = amended LA = Legislation Act 2003 rep. = repealed rs. = repealed and substituted
| Provision affected | How affected |
|---|---|
| Section 2 | rep. s48D LA |
| Section 5 | am. 2023/670 |
| Section 10 | ad. 2019/130 |
| Section 11 | ad. 2019/130 |
Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.
(2) The lodgment of an application, under subsection 825A(2) of the Act, to impose, vary or revoke conditions on an Australian CS facility licence, is of medium complexity if the assessment of the application requires:
(a) a moderate level of expertise, or a moderate amount of time, to assess the matters referred to in subsection 827A(2) of the Act; or
(b) the development of new policy in relation to Australian CS facility licences.
(3) The lodgment of an application, under subsection 825A(2) of the Act, to impose, vary or revoke conditions, on an Australian CS facility licence, is of low complexity if the lodgment of the application is of neither high nor medium complexity.
Endnotes
Endnote 1—Instrument history
| Instrument number | Date of FRL registration | Date of commencement | Application, saving or transitional provisions |
|---|---|---|---|
| 2018/578 | 3/7/2018 (see F2018L00995) | 4/7/2018 | |
| 2019/130 | 27/3/2019 (see F2019L00425) | 1/4/2019 | - |
| 2023/670 | 31/8/2023 | 1/9/2023 |
Endnote 2—Amendment history
Note: ad. = added or inserted am. = amended LA = Legislation Act 2003 rep. = repealed rs. = repealed and substituted
| Provision affected | How affected |
|---|---|
| Section 2 | rep. s48D LA |
| Section 5 | am. 2023/670 |
| Section 10 | ad. 2019/130 |
| Section 11 | ad. 2019/130 |