Document ID: chunk:federal_register_of_legislation:F2024C01058:reg:52
Version: federal_register_of_legislation:F2024C01058
Segment Type: reg
Provision Reference: reg 52
Character Range: 62584–63488

52  Large futures exchange operators
 (1) A leviable entity forms part of the large futures exchange operators sub‑sector in a financial year if, at any time in the financial year, the entity is the operator of a large futures exchange.

Entity metric
 (2) The leviable entity's entity metric for the sub‑sector for the financial year is:
 (a) unless paragraph (b) applies—the number of days in the financial year on which the entity operated the exchange; or
 (b) if the entity operated 2 or more large futures exchanges in the financial year—the sum of the days worked out under paragraph (a) for each of those exchanges.
 (3) A licensed market is a large futures exchange, in relation to a financial year, if:
 (a) 10 million or more futures transactions are entered into on the market in the financial year; and
 (b) the market is not:
 (i) an overseas market; or
 (ii) a large securities exchange.