9Basic levy component

#### 9 Basic levy component (1) The basic levy component for a leviable entity for a sub‑sector for a financial year is the amount worked out using the formula:  where: > basic rate entity metric means: (a) unless paragraph (b) applies—the entity’s entity metric for the sub‑sector for the financial year; or (b) if no provision in Part 3 specifies an amount to be the entity metric for the sub‑sector for the financial year—1. > sub‑sector metric means the number specified by ASIC in an annual determination to be the sum of the amounts of basic rate entity metric for all leviable entities that form part of the sub‑sector for the financial year. > sub‑sector regulatory costs means the sub‑sector regulatory costs in relation to the sub‑sector for the financial year. (2) However, if a component of the formula is nil or a negative amount, the amount of the basic levy component is nil.