Document ID: chunk:federal_register_of_legislation:C2012A00067:clause:1_962h
Version: federal_register_of_legislation:C2012A00067
Segment Type: clause
Provision Reference: sch 1 cl 962H
Character Range: 13907–15461

962H  Fee disclosure statements
 (1) A fee disclosure statement, in relation to an ongoing fee arrangement, is a statement in writing that:
 (a) includes the information required under this section; and
 (b) relates to:
 (i) a period of 12 months (the previous year) that ends on a day that is no more than 30 days before that on which the statement is given; and
 (ii) any other period prescribed by the regulations.
 (2) The following information is required for a fee disclosure statement in relation to an ongoing fee arrangement, subject to subsection (3):
 (a) the amount of each ongoing fee paid under the arrangement by the client in the previous year, expressed in Australian dollars unless an alternative is provided in the regulations;
 (c) information about the services that the client was entitled to receive from the current and any previous fee recipient under the arrangement during the previous year;
 (d) information about the services that the client received from the current and any previous fee recipient under the arrangement during the previous year;
 (f) information about any other prescribed matters, including information that relates to a period that begins after the previous year.
 (3) The regulations may provide either or both of the following:
 (a) that particular information is not required for a fee disclosure statement, either in a particular situation or generally;
 (b) a more detailed statement of the information that is required for a fee disclosure statement, either in a particular situation or generally.