Corporations Regulations 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.9 - FINANCIAL PRODUCT DISCLOSURE AND OTHER PROVISIONS RELATING TO ISSUE AND SALE OF FINANCIAL PRODUCTS  

Division 8 - Other requirements  

REGULATION 7.9.75C   PERIODIC STATEMENTS - DISCLOSURE OF AMOUNTS  

7.9.75C(1)   [ Application]  

For paragraph 1017D(5A) (b) of the Act, this regulation applies to a periodic statement prepared on or after 1 January 2005 in relation to an amount mentioned in paragraph 7.9.75(1)(a) or (b) of these Regulations.

7.9.75C(2)   [ Exception]  

If ASIC determines that, for a compelling reason, it is not possible to state the amount in dollars the amount may be described as a percentage of a specified matter (including worked dollar examples, unless that is inappropriate).

7.9.75C(3)   [ Statement of amount]  

If ASIC determines that, for a compelling reason, it is not possible to state the amount in dollars, or to describe the amount as a percentage, the periodic statement must include:


(a) a statement informing the holder of the product that the amount is applicable; and


(b) details of the means by which a product holder is able to gain access to information relating to the amount.

7.9.75C(4)   [ Publication]  

A determination under subregulation (2) or (3) must be:


(a) in writing; and


(b) published in the Gazette .


 

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