Document ID: chunk:federal_register_of_legislation:F2024C01058:reg:24
Version: federal_register_of_legislation:F2024C01058
Segment Type: reg
Provision Reference: reg 24
Character Range: 31942–32685

24  Small and medium amount credit providers
 (1) A leviable entity forms part of the small and medium amount credit providers sub‑sector in a financial year if, at any time in the financial year, the entity:
 (a) holds an Australian credit licence that authorises the holder to engage in credit activities as a credit provider; and
 (b) provides credit under a small amount credit contract or a medium amount credit contract.

Entity metric
 (2) The leviable entity's entity metric for the sub‑sector for the financial year is the gross amount of credit provided by the entity in the financial year under small amount credit contracts or medium amount credit contracts.

Subdivision 2.3—Sub‑sectors to which graduated levy component applies