Document ID: chunk:federal_register_of_legislation:F2024C01058:reg:52a
Version: federal_register_of_legislation:F2024C01058
Segment Type: reg
Provision Reference: reg 52A
Character Range: 63488–65317

52A  New specialised market operators
 (1) A leviable entity forms part of the new specialised market operators sub‑sector in a financial year if:
 (a) the entity was first granted an Australian market licence to operate a specialised market in that financial year or the previous 2 financial years; and
 (b) the entity had not held an Australian market licence at any time before the entity was first was granted the licence mentioned in paragraph (a); and
 (c) the specialised market had not been operated by any entity in Australia or outside Australia before the entity was first granted an Australian market licence to operate the specialised market; and
 (d) at any time in the financial year, the entity is the operator of the specialised market.

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 operated the specialised market.
 (3) For the purposes of subsection (2), if the entity was first granted an Australian market licence to operate a specialised market in the financial year before the previous financial year, disregard the days between:
 (a) the day that is 24 months after the day on which the entity was first granted an Australian market licence to operate the specialised market; and
 (b) 30 June of the financial year mentioned in paragraph (1)(d).
 (4) A licensed market is a specialised market, in relation to a financial year, if:
 (a) the market is licensed under subsection 795B(1) of the Corporations Act 2001 in the financial year; and
 (b) the market is not:
 (i) an overseas market; or
 (ii) a small securities (self‑listing) exchange; or
 (iii) a small securities exchange; or
 (iv) a small futures exchange; or
 (v) a large securities exchange; or
 (vi) a large futures exchange.