Document ID: chunk:federal_register_of_legislation:F2024C01058:reg:53
Version: federal_register_of_legislation:F2024C01058
Segment Type: reg
Provision Reference: reg 53
Character Range: 67021–67804

53  Exempt market operators
 (1) A leviable entity forms part of the exempt market operators sub‑sector in a financial year if, at any time in the financial year, the entity is the operator of a financial market that is exempt from the operation of the whole of Part 7.2 of the Corporations Act 2001 (other than because of an exemption granted to a class of financial market under section 791C of that Act).

Entity metric
 (2) The leviable entity's entity metric for the sub‑sector for the financial year is:
 (a) unless paragraph (b) applies—the number of days in the financial year on which the entity operated the market; or
 (b) if the entity operated 2 or more exempt markets in the financial year—the sum of the days worked out under paragraph (a) for each of those markets.