Document ID: chunk:federal_register_of_legislation:F2023C00842:body:0:p3
Version: federal_register_of_legislation:F2023C00842
Segment Type: other
Provision Reference: 
Character Range: 5637–8516

High complexity
(1) The lodgment of an application, under subsection 824A(1) of the Act, for an Australian CS facility licence, is of high complexity if the assessment of the application requires:
           (a) a significant level of expertise, or a significant amount of time, to assess the matters referred to in subsection 827A(2) of the Act; or
           (b) the development of significant new policy in relation to Australian CS facility licences.

Medium complexity
(2) The lodgment of an application, under subsection 824A(1) of the Act, for an Australian CS facility licence, is of medium complexity if the assessment of the application requires:
           (a) a moderate level of expertise, or a moderate amount of time, to assess the matters referred to in subsection 827A(2) of the Act; or
           (b) the development of new policy in relation to Australian CS facility licences.

Low complexity
(3) The lodgment of an application, under subsection 824A(1) of the Act, for an Australian CS facility licence, is of low complexity if the lodgment of the application is of neither high nor medium complexity.

8 Lodging notice of changes to the operating rules of a licensed market

High complexity
(1) The lodgment of written notice of changes to the operating rules with ASIC under subsection 793D(1), is of high complexity if the assessment of the changes requires:
           (a) a significant level of expertise, or a significant amount of time, to assess the matters referred to in subsection 798A(2) of the Act; or
           (b) the development of significant new policy in relation to the operating rules of licensed markets.

Medium complexity
(2) The lodgment of written notice of changes to the operating rules with ASIC under subsection 793D(1), is of medium complexity if the assessment of the changes requires:
           (a) a moderate level of expertise, or a moderate amount of time, to assess the matters referred to in subsection 798A(2) of the Act; or
           (b) the development of new policy in relation to the operating rules of licensed markets.

Low complexity
(3) The lodgment of written notice of changes to the operating rules with ASIC under subsection 793D(1), is of low complexity if:
           (a) the lodgment of written notice of the changes is of neither high nor medium complexity; or
           (b) the changes merely correct typographical or cross-referencing errors or are merely consequential on changes to legislation, the market integrity rules, other legislative instruments or other operating rules.

9 Lodging notice of changes to the operating rules of a licensed CS facility

High complexity
(1) The lodgment of written notice of changes to the operating rules with ASIC under subsection 822D(1), is of high complexity if the assessment of the changes requires:
           (a) a significant level of expertise, or