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ASIC (Supervisory Cost Recovery Levy—Annual Determination) Instrument 2020/1073

Authoritative Version
Other as made
This instrument specifies certain matters about size and composition of the Australian Securities and Investments Commission’s regulated population and of the metrics that apply to each industry sub-sector within that regulated population for the 2019-20 financial year.
Administered by: Treasury
Registered 25 Nov 2020
Tabling HistoryDate
Tabled HR30-Nov-2020
Tabled Senate30-Nov-2020
Table of contents.
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ASIC (Supervisory Cost Recovery Levy—Annual Determination) Instrument 2020/1073

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  3

1    Name of legislative instrument 3

2    Commencement and date of effect 3

3    Authority. 3

4    Definitions. 3

Part 2—Determination  4

5    Applicable financial year 4

6    Sub-sector population. 4

7    Sub-sector metrics—basic levy component and graduated levy component 5

 

Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC (Supervisory Cost Recovery Levy—Annual Determination) Instrument 2020/1073.

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 9(9) 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 section 73 of the ASIC Supervisory Cost Recovery Levy Regulations 2017.

4        Definitions

In this instrument:

(a)     Regulations means the ASIC Supervisory Cost Recovery Levy Regulations 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 Regulations;

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

Part 2—Determination

5        Applicable financial year

This determination applies to the 2019–20 financial year.

6        Sub-sector population

For the purposes of the definition of sub-sector population in subsection 4(1) of the Regulations, the sub-sector population for the sub-sector specified in column 2 of the table for the financial year is specified in column 3 of the table.
 

Column 1

Column 2

Column 3

Item

Sub-sectors

Sub-sector population

1

Auditors of disclosing entities

 122

2

Australian derivative trade repository operators

 2

2A

Benchmark administrators

 1

3

Corporate advisors

 348

4

Credit intermediaries

 4,653

5

Credit providers

 1,096

6

Credit rating agencies

 6

7

Custodians

 1,126

8

Deposit product providers

 211

8AA

Entities subject to close and continuous monitoring

 5

8A

Established specialised market operators

 6

9

Exempt CS facility operators

 1

10

Exempt market operators

 19

11

Insurance product distributors

 3,242

12

Insurance product providers

 91

13

Large futures exchange operators

 1

14

Large futures exchange participants

 39

15

Large proprietary companies

 9,468

16

Large securities exchange operators

 2

17

Large securities exchange participants

 68

18

Licensees that provide only general advice to retail clients or wholesale clients 

 1,004

19

Licensees that provide personal advice on relevant financial products to retail clients

 2,991

20

Licensees that provide personal advice to only wholesale clients

 1,624

21

Licensees that provide personal advice to retail clients on only products that are not relevant financial products

 625

22

Listed corporations

 2,112

23

Managed discretionary account providers

 254

24

Margin lenders

 25

24A

New specialised market operators

 2

25

Operators of investor directed portfolio services

 86

25A

Operators of notified foreign passport funds and regulated former notified funds

0

26

Overseas market operators

 23

27

Over-the-counter traders

 77

28

Payment product providers

 657

29

Public companies (unlisted)

 14,945

30

Registered company auditors

 3,817

31

Registered liquidators

 667

32

Responsible entities

 449

33

Retail over-the-counter derivatives issuers

 99

34

Risk management product providers

 64

35

Securities dealers

 1,030

36

Small and medium amount credit providers

 226

38

Small futures exchange operators

0

39

Small securities exchange operators

 2

40

Small securities exchange operators with self-listing function only

 1

41

Superannuation trustees

 114

42

Tier 1 clearing and settlement facility operators

 4

43

Tier 2 clearing and settlement facility operators

 1

44

Tier 3 clearing and settlement facility operators

 1

45

Tier 4 clearing and settlement facility operators

 1

46

Traditional trustee company service providers

 12

47

Wholesale electricity dealers

 33

48

Wholesale trustees

 1,693

7        Sub-sector metrics—basic levy component and graduated levy component

For the purposes of the definitions of:

(a)     basic levy component in subsection 9(1) of the Regulations; and

(b)     graduated levy component in subsection 10(1) of the Regulations;

the applicable sub-sector metric for the sub-sector specified in column 2 of the table for the financial year is specified in column 3 of the table.

Column 1

Column 2

Column 3

Item

Sub-sectors

Sub-sector metric

 

 

Basic levy component

(as applicable)

Graduated levy component

(as applicable)

1

Auditors of disclosing entities

 558,036,020

  

2

Australian derivative trade repository operators

 732

 

2A

Benchmark administrators

 366

 

3

Corporate advisors

 

 2,908,342,993

4

Credit intermediaries

 

 36,248

5

Credit providers

 

 496,901,516,808

6

Credit rating agencies

 

 1,098

7

Custodians

 1,126

 

8

Deposit product providers

 

2,379,420,650,095  

8AA

Entities subject to close and continuous monitoring

 5

 

8A

Established specialised market operators

 6,394

 

9

Exempt CS facility operators

 366

 

10

Exempt market operators

 3,472

 

11

Insurance product distributors

 3,242

 

12

Insurance product providers

 

 43,395,198,821

13

Large futures exchange operators

 366

 

14

Large futures exchange participants

 

268,868,225 (messages)

 371,634,755 (lots)

15

Large proprietary companies

 9,468

 

16

Large securities exchange operators

 2,155,287,250,967

 

17

Large securities exchange participants

 

5,281,139,761 (messages)

1,198,500,993(transactions)

18

Licensees that provide only general advice to retail clients or wholesale clients 

 1,004

 

19

Licensees that provide personal advice on relevant financial products to retail clients

 

 21,308

20

Licensees that provide personal advice to only wholesale clients

 1,624

 

21

Licensees that provide personal advice to retail clients on only products that are not relevant financial products

 224,209

 

22

Listed corporations

 

 1,340,731,736,045

23

Managed discretionary account providers

 89,139

 

24

Margin lenders

 9,019

 

24A

New specialised market operators

 263

 

25

Operators of investor directed portfolio services

 

 727,063,500

25A

Operators of notified foreign passport funds and regulated former notified funds

 

0

26

Overseas market operators

 7,559

 

27

Over-the-counter traders

 

 2,389

28

Payment product providers

 

 3,390,268,877

29

Public companies (unlisted)

 14,945

 

30

Registered company auditors

 3,817

 

31

Registered liquidators

 

 56,482

32

Responsible entities

 

 1,281,978,863,491

33

Retail over-the-counter derivatives issuers

 35,163

 

34

Risk management product providers

 22,689

 

35

Securities dealers

 

 132,872,561,242

36

Small and medium amount credit providers

 1,336,504,714

 

38

Small futures exchange operators

0

  

39

Small securities exchange operators

 732

 

40

Small securities exchange operators with self-listing function only

 366

 

41

Superannuation trustees

 

 1,691,280,918,277

42

Tier 1 clearing and settlement facility operators

 1,464

 

43

Tier 2 clearing and settlement facility operators

 366

 

44

Tier 3 clearing and settlement facility operators

 366

 

45

Tier 4 clearing and settlement facility operators

 366

 

46

Traditional trustee company service providers

 4,142

 

47

Wholesale electricity dealers

 33

 

48

Wholesale trustees

 

 606,098,780,855