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ASIC (Supervisory Cost Recovery Levy—Regulatory Costs) Instrument 2020/1074

I, Emily Hodgson, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

 

Date 24 November 2020

 

 

 

 

 

Emily Hodgson

 

Contents

Part 1—Preliminary

1 Name of legislative instrument

2 Commencement and date of effect

3 Authority

4 Definitions

Part 2—Determination

5 Applicable financial year

6 ASIC’s regulatory costs

7 Attribution of ASIC’s regulatory costs to each sub-sector

 

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC (Supervisory Cost Recovery Levy—Regulatory Costs) Instrument 2020/1074.

2 Commencement and date of effect

(1) This instrument commences on the day after it is registered on the Federal Register of Legislation.

 Note: The register may be accessed at www.legislation.gov.au.

(2) This instrument takes effect as follows:

(a) if subsection 11(3) of ASIC Supervisory Cost Recovery Levy Act 2017 applies—the instrument takes effect on the day specified in paragraph 11(3)(a) of that Act;

(b) if subsection 11(4) of ASIC Supervisory Cost Recovery Levy Act 2017 applies—the remaining provisions of the instrument take effect on the day specified in paragraph 11(4)(a) of that Act.

Note 1: Section 11 of the ASIC Supervisory Cost Recovery Levy Act 2017 contains special provisions dealing with the disallowance and taking effect of instruments of this kind.

Note 2: Subsection 10(8) of the ASIC Supervisory Cost Recovery Levy Act 2017 has the effect that the instrument can have retrospective application before the day it is registered on the Federal Register of Legislation. The register may be accessed at www.legislation.gov.au.

3 Authority

This instrument is made under subsection 12A(6) of the Australian Securities and Investments Commission Act 2001 for the purposes of subsection 10(2) of the ASIC Supervisory Cost Recovery Levy Act 2017.

4 Definitions

In this instrument:

(a) Act means the ASIC Supervisory Cost Recovery Levy Act 2017;

(b) unless the contrary intention appears, an expression that:

(i) is used, but not defined, in this instrument; and

(ii) is defined in the Act;

has the same meaning in this instrument as in the Act.

Part 2—Determination

5 Applicable financial year

This determination applies to the 2019–20 financial year.

6 ASIC’s regulatory costs

ASIC’s regulatory costs for the financial year are $320,333,169.

7 Attribution of ASIC’s regulatory costs to each sub-sector

Column 3 of the table specifies the extent to which ASIC’s regulatory costs are attributable to the sub-sector specified in column 2 of the table.