Document ID: chunk:federal_register_of_legislation:F2024C01058:reg:49
Version: federal_register_of_legislation:F2024C01058
Segment Type: reg
Provision Reference: reg 49
Character Range: 60424–61397

49  Small futures exchange operators
 (1) A leviable entity forms part of the small futures exchange operators sub‑sector in a financial year if, at any time in the financial year, the entity is the operator of a small futures exchange.

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 exchange; or
 (b) if the entity operated 2 or more small futures exchanges in the financial year—the sum of the days worked out under paragraph (a) for each of those exchanges.
 (3) A licensed market is a small futures exchange, in relation to a financial year, if:
 (a) less than 10 million transactions in futures contracts are entered into on the market in the financial year; and
 (b) the market is not:
 (i) an overseas market; or
 (ii) a small securities (self‑listing) exchange; or
 (iii) a small securities exchange.