Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:3:p18
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 3 (pt 18/19)
Character Range: 1416460–1419128

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 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).
 (4) For subsection 1017D(5A) of the Act, as modified in accordance with subregulation (1), 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 information to be disclosed in accordance with paragraphs 1017D(5)(a), (b), (c), (d) and (e) of the Act as an amount 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 client, or a class of clients;
the information may be set out as a description of the method of calculating the charge or benefit (including worked dollar examples, unless that is inappropriate).
 (5) A determination under subregulation (3) or (4) must be:
 (a) in writing; and
 (b) published in the Gazette.

7.9.75  Content of periodic statements: costs of transactions
 (1) For paragraph 1017D(5)(g) of the Act, the prescribed details in relation to a financial product include:
 (a) the amounts paid by the holder of the financial product in respect of the financial product during the period; and
 (b) if the amounts paid in respect of the financial product, and the amounts paid in respect of other financial products, are paid into a common fund, and amounts are deducted from the common fund by way of expenses, fees and charges:
 (i) a proportion of the amount deducted that is actually or notionally attributable to the product holder's interest; and
 (ii) if applicable—a statement informing the product holder that the notional proportion of the amount may not give an accurate estimate of the effect of the deduction on the product holder's interest; and
 (c) a statement informing the product holder:
 (i) that there is a dispute resolution mechanism that covers complaints by holders of the product; and
 (ii) of the means by which a product holder is able to gain access to that mechanism; and
 (d) a statement that further information in relation to the financial product is available on request, and