Document ID: chunk:federal_register_of_legislation:C2023C00423:section:7:p1
Version: federal_register_of_legislation:C2023C00423
Segment Type: section
Provision Reference: s 7 (pt 1/3)
Character Range: 4030–6720

7  Definitions
  In this Act:
ASIC means the Australian Securities and Investments Commission.
audit entity means:
 (a) a registered company auditor (within the meaning of the Corporations Act 2001); or
 (b) a partnership or unincorporated association that is an audit firm (within the meaning of the Corporations Act 2001); or
 (c) an audit company (within the meaning of the Corporations Act 2001); or
 (d) an authorised audit company (within the meaning of the Corporations Act 2001); or
 (e) an individual auditor (within the meaning of the Corporations Act 2001); or
 (f) a person regulated by ASIC who is in a class of persons prescribed by the regulations.
company‑like entity means:
 (a) a Part 5.1 body (within the meaning of the Corporations Act 2001); or
 (b) a Part 5.7 body (within the meaning of the Corporations Act 2001); or
 (c) a body (other than a company) that is a disclosing entity under subsection 111AC(1) of the Corporations Act 2001; or
 (d) a person regulated by ASIC who is in a class of persons prescribed by the regulations.
credit services entity means:
 (a) a licensee within the meaning of the National Consumer Credit Protection Act 2009; or
 (b) a person who is exempt from the operation of section 29 of the National Consumer Credit Protection Act 2009 (which is about the requirement to hold a credit licence) under any of the following provisions of that Act:
 (i) paragraph 109(1)(a);
 (ii) paragraph 109(3)(a);
 (iii) paragraph 110(a);
  but only if the person is required to notify ASIC that the person is so exempt; or
 (c) a person who contravenes section 29 of the National Consumer Credit Protection Act 2009; or
 (d) a person regulated by ASIC who is in a class of persons prescribed by the regulations.
exempt entity, for a financial year, means a regulated entity that is in a class of persons prescribed by the regulations for the financial year.
financial services entity means:
 (a) a financial services licensee (within the meaning of the Corporations Act 2001); or
 (b) an RSE licensee; or
 (c) a person who is exempt from the requirement in section 911A of the Corporations Act 2001 to hold an Australian financial services licence for a financial service under any of the following provisions of that Act:
 (i) subsection 911A(2);
 (ii) paragraph 926A(2)(a);
 (iii) paragraph 926B(1)(a);
  but only if the person is required to notify ASIC that the person is so exempt; or
 (d) a person who contravenes subsection 911A(1) of the Corporations Act 2001; or
 (e) a person regulated by ASIC who is in a class of persons prescribed by the regulations.
leviable entity, for a financial year, means a person who:
 (a) is a regulated entity at