CTHIn ForceLegislation
ASIC Supervisory Cost Recovery Levy Regulations 2017
58Exempt CS facility operators
Start here
Get a plain-English read of 58
Turn the raw legal text into a practical explanation grounded in ASIC Supervisory Cost Recovery Levy Regulations 2017.
#### 58 Exempt CS facility operators
(1) A leviable entity forms part of the exempt CS facility operators sub‑sector in a financial year if, at any time in the financial year, the entity is the operator of a clearing and settlement facility that is exempt from the operation of the whole of Part 7.3 of the Corporations Act 2001.
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 facility; or
(b) if the entity operated 2 or more clearing and settlement facilities of the kind mentioned in subsection (1) in the financial year—the sum of the days worked out under paragraph (a) for each of those facilities.