Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) 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.
(2) 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).
(3) 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.
(4) A determination under subregulation (2) or (3) must be:
(a) in writing; and
(b) published in the Gazette .