Corporations Regulations 2001
View history note
Hide history note[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]
For subsection 1017D(5A) of the Act, in providing details of a deduction for fees, charges or expenses in accordance with paragraph 7.9.19 (g), the amount must be stated in dollars.
7.9.19A(2) [ Where not possible to state amount in dollars]If ASIC determines that, for a compelling reason, it is not possible to state the amount of a deduction in dollars the amount of the deduction may be set out as a description of the fees, charges or expenses as a percentage of a specified matter (including worked dollar examples, unless that is inappropriate).
7.9.19A(3) [ Statement of fees and charges]If ASIC determines that, for a compelling reason, it is not possible to state the amount of a deduction in dollars, or to set out the amount as a percentage, the product issuer may provide:
(a) a statement informing the holder of the product that amounts for fees, charges or expenses are applicable; and
(b) if information about access to the information about the amount of the deduction is not provided in the statement mentioned in paragraph 7.9.19 (h) - details of the means by which a product holder can gain access to information relating to the amount of the deduction. 7.9.19A(4) [ Publication]
A determination under subregulation (2) or (3) must be:
(a) in writing; and
(b) published in the Gazette .
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