Document ID: chunk:federal_register_of_legislation:F2024C01058:reg:62b
Version: federal_register_of_legislation:F2024C01058
Segment Type: reg
Provision Reference: reg 62B
Character Range: 74913–75876

62B  Credit rating agencies
 (1) A leviable entity forms part of the credit rating agencies sub‑sector in a financial year if, at any time in the financial year, the entity holds an Australian financial services licence that authorises the holder to provide general advice by issuing a credit rating.

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) the graduated levy component for the entity for the sub‑sector.
Note: For the graduated levy component, see section 10.

Entity metric
 (3) The leviable entity's entity metric for the sub‑sector for the financial year is the number of days in the financial year on which:
 (a) the entity holds a licence of the kind mentioned in subsection (1); and
 (b) there is a supervisory college for the entity.
 (4) The minimum levy component for the sub‑sector is $2,000.