Document ID: chunk:federal_register_of_legislation:F2024C01058:reg:5c
Version: federal_register_of_legislation:F2024C01058
Segment Type: reg
Provision Reference: reg 5C
Character Range: 16472–17749

5C  Regulated entities
 (1) For the purposes of paragraph (h) of the definition of regulated entity in section 7 of the Act, the class of persons:
 (a) who are persons regulated by ASIC in respect of whom ASIC may exercise a power conferred under section 11 or 12A of the Australian Securities and Investments Commission Act 2001; and
 (b) none of whom would, apart from this section, be leviable entities;
is prescribed.
 (2) For the purposes of paragraph (h) of the definition of regulated entity in section 7 of the Act, the following classes of persons are prescribed:
 (a) the operators of notified foreign passport funds;
 (b) the operators of regulated CIS that:
 (i) have been removed as notified foreign passport funds under Division 2 of Part 8A.7 of the Corporations Act 2001; and
 (ii) still have protected members for the purposes of regulation 8A.7.20 of the Corporations Regulations 2001;
 (c) the operators of funds that:
 (i) have ceased to be regulated CIS; and
 (ii) have been removed as notified foreign passport funds under Division 2 of Part 8A.7 of the Corporations Act 2001; and
 (iii) still have protected members for the purposes of regulation 8A.7.20 of the Corporations Regulations 2001.

Division 2—Amount of levy payable

Subdivision 2.1—General