4Definitions

4 Definitions

Note: A number of expressions used in this instrument are defined in the Act, including the following:

(a) ASIC;
(b) leviable entity.

(1) In this instrument:

Act means the ASIC Supervisory Cost Recovery Levy Act 2017.

amount of credit has the same meaning as in subsection 3(2) of the National Credit Code.

annual determination means the legislative instrument made for a financial year by ASIC under section 73.

Australian credit licence has the same meaning as in the National Consumer Credit Protection Act 2009.

Australian member:

(a) in relation to a notified foreign passport fund—has the same meaning as in the Corporations Act 2001; and
(b) in relation to a regulated former notified fund—means a person who either:
(i) holds an interest in the fund that was acquired in this jurisdiction (within the meaning of the Corporations Act 2001); or
(ii) is ordinarily resident in this jurisdiction (within the meaning of the Corporations Act 2001) and holds an interest in the fund.

credit has the same meaning as in the National Consumer Credit Protection Act 2009.

credit activity has the same meaning as in the National Consumer Credit Protection Act 2009.

credit contract has the same meaning as in the National Consumer Credit Protection Act 2009.

credit provider has the same meaning as in the National Consumer Credit Protection Act 2009.

dealing in a financial product has the meaning given by section 766C of the Corporations Act 2001 and deal in a financial product has a corresponding meaning.

entity metric: a leviable entity’s entity metric for a sub‑sector for a financial year is the amount worked out for the entity under a provision of Part 3 that specifies an amount to be the entity’s entity metric for the sub‑sector for the financial year.

Note: See also section 12.

financial year means a period of 12 months starting on 1 July.

graduated levy component for a sub‑sector for a financial year has the meaning given by section 10.