Document ID: chunk:federal_register_of_legislation:F2024C01058:reg:25
Version: federal_register_of_legislation:F2024C01058
Segment Type: reg
Provision Reference: reg 25
Character Range: 32685–33881

25  Credit intermediaries
 (1) A leviable entity forms part of the credit intermediaries sub‑sector in a financial year if, at any time in the financial year, the entity holds an Australian credit licence that authorises the entity to engage in credit activities other than as a credit provider.

Levy component
 (2) The amount of a leviable entity's levy component in respect of the sub‑sector for the financial year is the sum of:
 (a) the minimum levy component for the sub‑sector; and
 (b) the graduated levy component for the entity for the sub‑sector.
Note: For the graduated levy component, see section 10.

Entity metric
 (3) The leviable entity's entity metric for the sub‑sector for the financial year is the number of credit representatives (within the meaning of the National Consumer Credit Protection Act 2009) the entity has at the end of the financial year.
 (4) However:
 (a) there is a pro‑rata of the entity metric; and
 (b) for the purposes of section 11, the number of counted days is the number of days in the financial year on which the leviable entity holds a licence of the kind mentioned in subsection (1).
 (5) The minimum levy component for the sub‑sector is $1,000.