4Definitions

4 Definitions

Note: A number of expressions used in this instrument are defined in the Act, including the following:

(a) ASIC;
(b) levy period;
(c) qualifying period.

(1) In this instrument:

Act means the Financial Services Compensation Scheme of Last Resort Levy Act 2023.

admit to quotation has the same meaning as in the Corporations Act 2001.

amount of credit has the same meaning as in subsection 3(2) of the National Credit Code.

credit has the same meaning as in the National Consumer Credit Protection Act 2009.

credit contract has the same meaning as in the National Consumer Credit Protection Act 2009.

credit intermediaries sub‑sector means the sub‑sector mentioned in paragraph 6(a).

credit providers sub‑sector means the sub‑sector mentioned in paragraph 6(b).

entity metric has the meaning given by section 12.

financial product has the meaning given by Division 3 of Part 7.1 of the Corporations Act 2001.

graduated levy component has the meaning given by section 11.

large securities exchange has the same meaning as in the ASIC Supervisory Cost Recovery Levy Regulations 2017.

leviable entity has the same meaning as in the ASIC Supervisory Cost Recovery Levy Act 2017.

licensed personal advice sub‑sector means the sub‑sector mentioned in paragraph 6(c).

medium amount credit contract has the same meaning as in the National Credit Code.

minimum levy component has the meaning given by subsection 9(2).

Ministerial determination has the meaning given by subparagraph 15(b)(ii).

not subject to the AFCA scheme: a person is not subject to the AFCA scheme at a particular time if the person is not required (directly or indirectly) by a law of the Commonwealth to be a member of the AFCA scheme at that time.

securities dealers sub‑sector means the sub‑sector mentioned in paragraph 6(d).