Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:4:p3
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 4 (pt 3/12)
Character Range: 1425756–1428376

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

7.9.75D  Periodic statements—disclosure of amounts
 (1) 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.
 (2) 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 amount of the deduction in dollars:
 (a) would impose an unreasonable burden on a product issuer, or a class of product issuers; or
 (b) would impose an unreasonable burden on a product issuer, or a class of product issuers, within a period specified in the determination; or
 (c) would not be in the interests of a product holder, or a class of product holders;
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).
 (3) 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 amount of a deduction in dollars, or to describe the amount as a percentage:
 (a) would impose an unreasonable burden on a product issuer, or a class of product issuers; or
 (b) would impose an unreasonable burden on a product issuer, or a class of product issuers, within a period specified in the determination; or
 (c) would not be in the interests of a product holder, or a class of product holders;
the periodic statement must include the information in subregulation (4).
 (4) If subregulation (3) applies, the periodic statement must include:
 (a) a statement informing the product holder 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.
 (5) A determination under subregulation (2) or (3) must be:
 (a) in writing; and
 (b) published in the Gazette.

7.9.76  Consents to certain statements
 (1) For subsection 1013K(2) of the Act, the period for which a person must keep a consent or a copy of a consent is 7 years from the date of the consent.
 (2) The copy of the consent may be kept:
 (a) in its physical form; or
 (b) in an electronic form that