Document ID: chunk:federal_register_of_legislation:F2024C01058:reg:65
Version: federal_register_of_legislation:F2024C01058
Segment Type: reg
Provision Reference: reg 65
Character Range: 79812–81770

65  Large securities exchange participants
 (1) A leviable entity forms part of the large securities exchange participants sub‑sector in a financial year if, at any time in the financial year, the entity is a participant in a large securities exchange.

Levy component
 (2) The amount of a leviable entity's levy component in respect of the sub‑sector for the financial year is the sum of:
 (a) the minimum levy component for the sub‑sector; and
 (b) 10% of the graduated levy component for the entity for the sub‑sector; and
 (c) 90% of the graduated levy component for the entity for the sub‑sector.

Entity metric (messages)
 (3) The leviable entity's entity metric for the sub‑sector for the financial year is the number of messages that:
 (a) are sent by the entity in the financial year to a large securities exchange; and
 (b) are reported by the operator of the large securities exchange to ASIC's Market Surveillance System; and
 (c) are recognised by ASIC's Market Surveillance System as orders or executed transactions.
 (3A) For the purposes of subsection (3), 2 or more reports that relate to the same message, and contain the same information, are counted as one message.

Entity metric (transactions)
 (4) However, in working out the graduated levy component for the purposes of paragraph (2)(c), the leviable entity's entity metric for the sub‑sector for the financial year is instead the number of transactions that:
 (a) are executed on, or reported to, a large securities exchange by the entity in the financial year; and
 (b) are reported by the operator of the large securities exchange to ASIC's Market Surveillance System; and
 (c) are recognised by ASIC's Market Surveillance System as executed transactions.
 (5) For the purposes of subsection (4), 2 or more reports that relate to the same transaction, and contain the same information, are counted as one transaction.
 (6) The minimum levy component for the sub‑sector is $9,000.