52BEstablished specialised market operators

#### 52B Established specialised market operators (1) A leviable entity forms part of the established specialised market operators sub‑sector in a financial year if: (a) at any time in the financial year the entity is the operator of a specialised market; and (b) one or more of the following apply: (i) the entity was first granted an Australian market licence to operate the specialised market in a financial year before the previous financial year; (ii) the specialised market had been operated by any entity in Australia or outside Australia before the entity was first granted an Australian market licence to operate the specialised market; (iii) the entity held an Australian market licence before the entity was first was granted an Australian market licence to operate the specialised market. Entity metric (2) The leviable entity’s entity metric for the sub‑sector for the financial year is: (a) unless paragraph (b) applies—the number of days in the financial year on which the entity operated the specialised market; or (b) if the entity operated 2 or more such specialised markets in the financial year—the sum of the days worked out under paragraph (a) for each of those markets. (3) For the purposes of paragraph (2)(a), if the entity was first granted an Australian market licence to operate a specialised market in the financial year before the previous financial year and subparagraphs (1)(b)(ii) and (iii) do not apply to the entity, disregard the days between: (a) 1 July of the financial year mentioned in paragraph (1)(a); and (b) the day that is 24 months after the day on which the entity was first granted an Australian market licence to operate the specialised market.