Review of RG 97 Disclosing fees and costs in PDSs and periodic statements
The submission to the Australian Securities & Investment Commission (ASIC’s) Consultation Paper 308 "Review of RG 97 Disclosing fees and costs in Product Disclosure Statements (PDSs) and periodic statements" (CP 308) was prepared by the Superannuation Committee of the Legal Practice Section.
CP 308 follows the release of Report 581 (a review of RG 97), which was prepared for ASIC by an external expert, Darren McShane. ASIC has requested comment on the proposals set out in CP 308, in relation to:
- the likely compliance costs;
- the likely effect on competition; and
- other impacts, costs and benefits.
You can read the full submission below.
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