Document ID: chunk:federal_register_of_legislation:F2024C01058:reg:32
Version: federal_register_of_legislation:F2024C01058
Segment Type: reg
Provision Reference: reg 32
Character Range: 39395–40316

32  Managed discretionary account providers
 (1) A leviable entity forms part of the managed discretionary account providers sub‑sector in a financial year if, at any time in the financial year, the entity holds an Australian financial services licence that authorises the holder to deal in a financial product by issuing financial products in respect of:
 (a) interests in managed investment schemes limited to MDA services (within the meaning of the ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968); or
 (b) miscellaneous financial investment products limited to MDA services;
whether or not the licence also authorises the holder to deal in other financial products.

Entity metric
 (2) The leviable entity's entity metric for the sub‑sector for the financial year is the number of days in the financial year on which the entity holds a licence of the kind mentioned in subsection (1).