Document ID: chunk:federal_register_of_legislation:F2024C01058:reg:72b
Version: federal_register_of_legislation:F2024C01058
Segment Type: reg
Provision Reference: reg 72B
Character Range: 93498–94289

72B  Entities subject to close and continuous monitoring
 (1) A leviable entity forms part of the entities subject to close and continuous monitoring sub‑sector in the financial years beginning on 1 July 2018 and 1 July 2019 if:
 (a) the total value of deposits held on 1 July 2018 in deposit products issued by the entity is at least $100,000,000,000; or
 (b) there are at least 1,000 relevant providers that are, on 1 July 2018:
 (i) registered on the Register of Relevant Providers; and
 (ii) authorised to provide personal advice to retail clients on behalf of the entity.

Levy component
 (2) The basic levy component applies to the sub‑sector for the financial years beginning on 1 July 2018 and 1 July 2019.
Note: For the basic levy component, see section 9.

Part 4—Miscellaneous