Document ID: chunk:federal_register_of_legislation:F2023C00831:reg:5:p7
Version: federal_register_of_legislation:F2023C00831
Segment Type: reg
Provision Reference: reg 5 (pt 7/11)
Character Range: 16095–18855

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 is authorised to provide the financial services specified in paragraph (1)(a).
cash or cash equivalents means:
(a) cash on hand, demand deposits and money deposited with an Australian ADI that is available for immediate withdrawal; and
(b) 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 amount of any eligible undertaking provided by an eligible provider; and
(d) 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(i) which will not expire within the next 6 months and which cannot be withdrawn by the provider without giving at least 6 months written notice to the person to whom the commitment is made; and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 (CS facility), where that facility is the licensed CS facility operated by:
(a) ASX Clear Pty Limited ACN 001 314 503 (ASX Clear), and the participant 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; or
(b) ASX Clear (Futures) Pty Limited ACN 050 615 864 (ASX Clear (Futures)), and the participant:
(i) restricts its financial services business to participating in that CS facility and incidental business; and
(ii) is required to comply with, and complies with, the operating rules of ASX Clear (Futures) that impose financial requirements, taking into account any waiver of those requirements by ASX Clear (Futures).
eligible provider means:
(a) an Australian ADI; or
(b) the government of the Commonwealth or of a State or Territory or the government of a country that is a member of the Organisation for Economic Co-operation and Development or an agency or instrumentality of such a government; or
(c) a foreign deposit-taking institution:
(i) that is regulated by a regulator approved in writing by ASIC for this purpose; or
(ii) approved in writing by ASIC for this purpose; or
(d) an Australian CS facility licensee within the meaning of section 761A; or
(e) an entity approved by ASIC in writing for the purpose of this paragraph.
eligible undertaking means in relation to a financial services licensee:
(a) an enforceable and unqualified undertaking by an