Document ID: chunk:federal_register_of_legislation:F2024C01058:reg:66:p2
Version: federal_register_of_legislation:F2024C01058
Segment Type: reg
Provision Reference: reg 66 (pt 2/2)
Character Range: 84388–85089

subsection (3):
 (a) count a person engaged on a part‑time basis as an appropriate fraction of a person engaged on a full‑time basis; and
 (b) count a person engaged for only a part of the year as an appropriate fraction of a person engaged for the whole of the year; and
 (c) if the entity is exempt from the requirement to hold an Australian financial services licence as mentioned in paragraph (1)(a)—disregard a person who satisfies both of the following:
 (i) the person carried out the activity at a place outside Australia;
 (ii) the person carried out the activity in relation to a professional investor that was outside Australia.
 (5) The minimum levy component for the sub‑sector is $1,000.