Document ID: chunk:federal_register_of_legislation:F2023L01163:body:0:p7
Version: federal_register_of_legislation:F2023L01163
Segment Type: other
Provision Reference: 
Character Range: 15151–17867

year—the aggregate of the licensee's:
(i) estimate of its revenue for the second financial year to date; and
(ii) forecast of its revenue for the remainder of the second financial year; and
(c) for a financial services licensee in its third financial year—the average of:
(i) the aggregate of the licensee's:
(A) estimate of its revenue for the third financial year to date; and
(B) forecast of its revenue for the remainder of the third financial year; and
(ii) the licensee's revenue for its second financial year; and
(d) for all subsequent financial years of a financial services licensee—the average of:
(i) the aggregate of the licensee's:
(A) estimate of its revenue for the current financial year to date; and
(B) forecast of its revenue for the remainder of the current financial year; and
(ii) the licensee's revenue for the last preceding financial year; and
(iii) the licensee's revenue for the second preceding financial year.
calculation date means, in relation to a financial services licensee, the day on which the licensee was authorised to provide a custodial or depository service.
cash or cash equivalents means, in relation to a financial services licensee:
(a) assets of the licensee that are cash on hand, demand deposits and money deposited with an Australian ADI that is available for immediate withdrawal; and
(b) assets of the licensee that are short-term, highly liquid investments that are readily convertible to known amounts of cash that are subject to an insignificant risk of changes in value; and
(c) the value of any eligible undertaking provided by an eligible provider that is an asset of the licensee; and
(d) an asset of the licensee that is a commitment by an eligible provider to provide cash upon request within 5 business days:
(i) which will not expire within the next 6 months and which cannot be withdrawn by the provider without giving at least 6 months written notice to the person to whom the commitment is made; and
(ii) in relation to which any cash provided is not repayable for at least 6 months.
clearing participant means a participant (as defined in section 761A in relation to a clearing and settlement facility) in the licensed CS facility operated by ASX Clear Pty Limited ACN 001 314 503 (ASX Clear) that is required to comply with, and complies with the operating rules of ASX Clear that impose financial requirements, taking into account any waiver of those requirements by ASX Clear.
custodial or depository services revenue means, in relation to a financial services licensee, the aggregate of the licensee's:
(a) estimate of the revenue attributable to custodial or depository services provided by the licensee and its related bodies corporate for the