ASIC Supervisory Cost Recovery Levy Regulations 2017
7Levy component
Start here
Get a plain-English read of 7
Turn the raw legal text into a practical explanation grounded in ASIC Supervisory Cost Recovery Levy Regulations 2017.
7 Levy component
When an entity has a levy component (1) A leviable entity has a levy component for a financial year in respect of each sub‑sector of which the entity forms part at any time in the financial year. Amount of a levy component (2) The amount of a leviable entity’s levy component for a financial year in respect of a sub‑sector is: (a) if a provision of Part 3 provides that the basic levy component applies to the sub‑sector for the financial year—the basic levy component for the entity for the sub‑sector for the financial year; or (b) otherwise—the amount of the levy component worked out for the entity and the sub‑sector under Part 3.
Note: For the basic levy component, see section 9.