Document ID: chunk:federal_register_of_legislation:F2024C01058:reg:57
Version: federal_register_of_legislation:F2024C01058
Segment Type: reg
Provision Reference: reg 57
Character Range: 70543–71403

57  Tier 4 clearing and settlement facility operators
 (1) A leviable entity forms part of the Tier 4 clearing and settlement facility operators sub‑sector in a financial year if, at any time in the financial year, the entity holds an Australian CS facility licence that authorises the entity to operate a clearing and settlement facility for the sole purpose of clearing and settling trades in the entity's own shares.

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 facility; or
 (b) if the entity operated 2 or more clearing and settlement facilities of the kind mentioned in subsection (1) in the financial year—the sum of the days worked out under paragraph (a) for each of those facilities.