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ASIC (Supervisory Cost Recovery Levy—Annual Determination) Instrument 2022/890

I, Peter Dunlop, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

 

Date 9 November 2022

 

 

 

 

 

Peter Dunlop   

 

Contents

Part 1—Preliminary

1 Name of legislative instrument

2 Commencement and date of effect

3 Authority

4 Definitions

Part 2—Determination

5 Applicable financial year

6 Sub-sector population

7 Sub-sector metrics—basic levy component and graduated levy component

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC (Supervisory Cost Recovery Levy—Annual Determination) Instrument 2022/890.

2 Commencement and date of effect

(1) This instrument commences on the day after it is registered on the Federal Register of Legislation.

 Note: The register may be accessed at www.legislation.gov.au.

(2) This instrument takes effect as follows:

(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;

(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.

Note 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.

Note 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.

3 Authority

This instrument is made under section 73 of the ASIC Supervisory Cost Recovery Levy Regulations 2017.

4 Definitions

In this instrument:

(a) Regulations means the ASIC Supervisory Cost Recovery Levy Regulations 2017; and

(b) unless the contrary intention appears, an expression that:

(i) is used, but not defined, in this instrument; and

(ii) is defined in the Regulations;

has the same meaning in this instrument as in the Regulations.

Part 2—Determination

5 Applicable financial year

This determination applies to the 2021-22 financial year.

6 Sub-sector population

For 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.

7 Sub-sector metrics—basic levy component and graduated levy component

For the purposes of the definitions of:

(a) basic levy component in subsection 9(1) of the Regulations; and

(b) graduated levy component in subsection 10(1) of the Regulations;

the 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.  

• Column 1 Column 2 Column 3
• Item Sub-sectors Sub-sector metric
• Basic levy component(as applicable) Graduated levy component(as applicable)
• 1 Auditors of disclosing entities 610,039,672
• 2 Australian derivative trade repository operators 365
• 2A Benchmark administrators 730
• 2B Claims handling and settling services providers 6,066,296
• 3 Corporate advisors 4,551,764,509
• 4 Credit intermediaries 38,722
• 5 Credit providers 773,879,793,771
• 6 Credit rating agencies 1,095
• 7 Custodians 1,277
• 8 Deposit product providers 2,972,678,312,388
• 8A Established specialised market operators 7,855
• 9 Exempt CS facility operators 509
• 10 Exempt market operators 1,095
• 11 Insurance product distributors 3,452
• 12 Insurance product providers 49,584,581,187
• 13 Large futures exchange operators 365
• 14 Large futures exchange participants 311,861,292 (messages)300,040,302 (lots)
• 15 Large proprietary companies 9,820
• 16 Large securities exchange operators 2,351,638,397,871
• 17 Large securities exchange participants 5,695,147,937 (messages)1,143,113,162 (transactions)
• 18 Licensees that provide only general advice to retail or wholesale clients 1,076
• 19 Licensees that provide personal advice on relevant financial products to retail clients 16,153
• 20 Licensees that provide personal advice to only wholesale clients 1,822
• 21 Licensees that provide personal advice to retail clients on only products that are not relevant financial products 210,564
• 22 Listed corporations 1,480,534,962,926
• 23 Managed discretionary account providers 83,898
• 24 Margin lenders 8,282
• 24A New specialised market operators 171
• 25 Operators of investor directed portfolio services 671,740,471
• 25A Operators of notified foreign passport funds and regulated former notified funds
• 26 Overseas market operators 10,306
• 27 Over-the-counter traders 2,034
• 28 Payment product providers 4,626,118,061
• 29 Public companies (unlisted) 14,859
• 30 Registered company auditors 3,413
• 31 Registered liquidators 41,226
• 32 Responsible entities 1,433,561,639,940
• 33 Retail over-the-counter derivatives issuers 32,303
• 34 Risk management product providers 24,798
• 35 Securities dealers 217,147,572,301
• 36 Small and medium amount credit providers 1,343,318,539