Document ID: chunk:federal_register_of_legislation:F2024C01058:reg:72:p2
Version: federal_register_of_legislation:F2024C01058
Segment Type: reg
Provision Reference: reg 72 (pt 2/2)
Character Range: 91286–92067

and while the product provider carries on a general insurance business (less any reinsurance expenses incurred in the financial year); and
 (b) to the extent subparagraph (1)(a)(ii) or (iii) applies:
 (i) the net amount of revenue received by the entity in the financial year for life insurance products (less any reinsurance expenses incurred in the financial year); and
 (ii) the net amount of revenue received by a product provider mentioned in subsection (2) in the financial year for life insurance products, under offers covered by the entity's Australian financial services licence (less any reinsurance expenses incurred in the financial year).
 (5) The minimum levy component for the sub‑sector is $20,000.
 (6) The minimum levy threshold for the sub‑sector is $5,000,000.