Document ID: chunk:federal_register_of_legislation:F2023C00842:body:0:p4
Version: federal_register_of_legislation:F2023C00842
Segment Type: other
Provision Reference: 
Character Range: 8257–11175

licensed CS facility

High complexity
(1) The lodgment of written notice of changes to the operating rules with ASIC under subsection 822D(1), is of high complexity if the assessment of the changes requires:
           (a) a significant level of expertise, or a significant amount of time, to assess the matters referred to in subsection 827A(2) of the Act; or
           (b) the development of significant new policy in relation to the operating rules of licensed CS facilities.

Medium complexity
(2) The lodgment of written notice of changes to the operating rules with ASIC under subsection 822D(1), is of medium complexity if the assessment of the changes requires:
           (a) a moderate level of expertise, or a moderate amount of time, to assess the matters referred to in subsection 827A(2) of the Act; or
           (b) the development of new policy in relation to the operating rules of licensed CS facilities.

Low complexity
(3) The lodgment of written notice of changes to the operating rules with ASIC under subsection 822D(1), is of low complexity if:
           (a) the lodgment of written notice of the changes is of neither high nor medium complexity; or
           (b) the changes merely correct typographical or cross-referencing errors or are merely consequential on changes to legislation, the market integrity rules, other legislative instruments or other operating rules.

10 Application to impose, vary or revoke conditions on an Australian market licence

    High complexity
(1) The lodgment of an application, under subsection 796A(2) of the Act, to impose, vary or revoke conditions on an Australian market licence, is of high complexity if the assessment of the application requires:
           (a) a significant level of expertise, or a significant amount of time, to assess the matters referred to in subsection 798A(2) of the Act; or
           (b) the development of significant new policy in relation to Australian market licences.

    Medium complexity
(2) The lodgment of an application, under subsection 796A(2) of the Act, to impose, vary or revoke conditions on an Australian market licence, is of medium complexity if the assessment of the application requires:
           (a) a moderate level of expertise, or a moderate amount of time, to assess the matters referred to in subsection 798A(2) of the Act; or
           (b) the development of new policy in relation to Australian market licences.

    Low complexity
(3) The lodgment of an application, under subsection 796A(2) of the Act, to impose, vary or revoke conditions on an Australian market licence, is of low complexity if the lodgment of the application is of neither high nor medium complexity.

11 Application to impose, vary or revoke conditions on an Australian CS facility licence

    High complexity
(1) The lodgment of an application, under subsection 825A(2) of the Act, to impose, vary or revoke