CTHIn ForceLegislation
ASIC Supervisory Cost Recovery Levy Regulations 2017
40Licensees that provide only general advice to retail or wholesale clients
Start here
Get a plain-English read of 40
Turn the raw legal text into a practical explanation grounded in ASIC Supervisory Cost Recovery Levy Regulations 2017.
#### 40 Licensees that provide only general advice to retail or wholesale clients
A leviable entity forms part of the licensees that provide only general advice to retail or wholesale clients sub‑sector in a financial year if:
(a) the entity holds, at any time in the financial year, an Australian financial services licence; and
(b) the licence authorises the holder to provide financial product advice that is only general advice.