Section 10 - ASIC Supervisory Cost Recovery Levy Regulations 2017 - Graduated levy component

10Graduated levy component

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#### 10 Graduated levy component (1) The graduated levy component for a leviable entity for a sub‑sector for a financial year is the amount worked out using the formula: ![Start formula open square bracket Sub-sector regulatory costs minus open bracket Minimum levy component times Sub-sector population close bracket close square bracket times start fraction Graduated entity metric over Sub-sector metric end fraction end formula](image.003.png) where: > graduated entity metric means: (a) unless paragraph (b) applies—the entity’s entity metric for the sub‑sector for the financial year; or (b) if a provision of Part 3 specifies a minimum levy threshold for the sub‑sector for the financial year—the difference between the entity’s entity metric for the sub‑sector for the financial year and the minimum levy threshold. > minimum levy component means the minimum levy component for the sub‑sector for the financial year. > sub‑sector metric means the number specified by ASIC in an annual determination to be the sum of the amounts of graduated entity metric for all leviable entities that form part of the sub‑sector for the financial year. > sub‑sector population means the sub‑sector population in relation to the sub‑sector for the financial year. > sub‑sector regulatory costs means the sub‑sector regulatory costs in relation to the sub‑sector for the financial year. (2) However, if a component of the formula is nil or a negative amount, the amount of the graduated levy component is nil.