Document ID: chunk:federal_register_of_legislation:F2023L01163:body:0:p10
Version: federal_register_of_legislation:F2023L01163
Segment Type: other
Provision Reference: 
Character Range: 22672–25382

been receivable for more than 3 months; and
(f) an asset mentioned in paragraph (c) to the extent it is a managed investment product or shares in a CCIV unless any part of the amount invested is, in substance, directly or indirectly invested in the licensee.
financial services business revenue means, in relation to a financial services licensee, the aggregate of the licensee's:
(a) estimate of the revenue attributable to the financial services business of the licensee and its related bodies corporate for the current financial year to date, excluding any revenue attributable to custodial or depository services provided by the licensee or a related body corporate; and
(b) forecast of such revenue for the remainder of the financial year;
determined on the basis that the revenue attributable to custodial or depository services must at least include the cost of providing those services.
first financial year means, in relation to a financial services licensee, the financial year in which the calculation date occurs.
IDPS has the same meaning as in ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669.
IDPS property means, in relation to an IDPS, property acquired or held through the IDPS, other than property held by a client of the IDPS.
incidental provider means a financial services licensee that is authorised to provide a custodial or depository service:
(a) that does not provide any custodial or depository services other than services which:
(i) are a need of the person to whom the services are provided because of, or in order to obtain the provision of other financial services by the licensee or its related bodies corporate; and
(ii) do not form part of an IDPS; and
(b) whose custodial or depository services revenue is less than 10% of its financial services business revenue.
liquid assets means, in relation to a financial services licensee:
(a) cash or cash equivalents other than a commitment of the kind referred to in paragraph (d) of the definition of cash or cash equivalents; and
(b) assets of the licensee that the licensee can reasonably expect to realise for their market value within 6 months;
that are free from encumbrances and, in the case of receivables, free from any right of set-off.
market participant means a participant as defined in section 761A in relation to a financial market:
(a) where that market is operated by any of the following:
(i) ASX Limited ACN 008 624 691; or
(ii) Cboe Australia Pty Limited ACN 129 584 664; or
(iii) FEX Global Pty Ltd ACN 124 127 224 (FEX market); or
(iv) National Stock Exchange of Australia Limited ACN 000 902 063; or
(v) Australian Securities Exchange Limited ACN 000 943 3777 (ASX 24 market); or