Document ID: chunk:federal_register_of_legislation:F2023L01162:body:0:p12
Version: federal_register_of_legislation:F2023L01162
Segment Type: other
Provision Reference: 
Character Range: 27129–29804

invested in the licensee.
first financial year means, in relation to a financial services licensee, the financial year in which the calculation date occurs.
fund assets means, in relation to a registered scheme, IDPS or retail CCIV, the scheme property of the registered scheme, IDPS property of the IDPS or the assets of the retail CCIV.
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 has the same meaning as in section 912AC.
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
(vi) Sydney Stock Exchange Limited ACN 080 399 220; and
(b) the participant:
(i) in all cases—is required to comply with, and complies with, the rules of the ASIC Market Integrity Rules (Capital) 2021, taking into account any waiver by ASIC; and
(ii) in the case of ASX 24 market—restricts its financial services business to participating in the ASX 24 market and incidental business; and
(iii) in the case of FEX market—restricts its financial services business to participating in the FEX market and its incidental business.
NTA means adjusted assets minus adjusted liabilities.
operate means, in relation to a retail CCIV, to operate the business and conduct the affairs of the retail CCIV, as the corporate director of the retail CCIV.
regulated trust account means:
(a) a trust account maintained by a licensed trustee company within the meaning of Chapter 5D or the Public Trustee of a State or Territory; or
(b) a trust account maintained by a solicitor unless moneys in the account include moneys that are excluded from regulation as trust money under laws of the State or Territory relating to legal practitioners that are relevant to