Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) For paragraph 947C(2)(i) of the Act, if ASIC determines that, for a compelling reason based on the nature of a financial product or service, or the nature of the information, to state the information as an amount in dollars:
(a) would impose an unreasonable burden on a providing entity, or a class of providing entities; or
(b) would impose an unreasonable burden on a providing entity, or a class of providing entities, within a period specified in the determination; or
(c) would not be in the interests of a client, or a class of clients;
the information may be set out as a description of the amount as a percentage of a specified matter (including worked dollar examples, unless that is inappropriate).
(2) For paragraph 947C(2)(i) of the Act, if ASIC determines that, for a compelling reason, based on the nature of a financial product or service, or the nature of the information, to state the information as an amount in dollars, or to describe the amount as a percentage:
(a) would impose an unreasonable burden on a providing entity, or a class of providing entities; or
(b) would impose an unreasonable burden on a providing entity, or a class of providing entities, within a period specified in the determination; or
(c) would not be in the interests of a client, or a class of clients;
the information may be set out as a description of the method of calculating the remuneration, benefits or interests (including worked dollar examples, unless that is inappropriate).
(3) A determination under subregulation (1) or (2) must be:
(a) in writing; and
(b) published in the Gazette .