Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:4:p5
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 4 (pt 5/49)
Character Range: 993758–996486

reason based on the nature of a financial product or service, or the nature of the information, to state the information as an amount in dollars:
 (a) would impose an unreasonable burden on a providing entity, or a class of providing entities; or
 (b) would impose an unreasonable burden on a providing entity, or a class of providing entities, 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).
 (2) For paragraph 947C(2)(i) of the Act, 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 information as an amount in dollars, or to describe the amount as a percentage:
 (a) would impose an unreasonable burden on a providing entity, or a class of providing entities; or
 (b) would impose an unreasonable burden on a providing entity, or a class of providing entities, 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 remuneration, benefits or interests (including worked dollar examples, unless that is inappropriate).
 (3) A determination under subregulation (1) or (2) must be:
 (a) in writing; and
 (b) published in the Gazette.

7.7.13A  Additional information about charges or benefits—disclosure of dollar amounts
 (1) For paragraph 947D(2)(d) of the Act, if ASIC determines that, for a compelling reason, it is not possible to state information to be disclosed in accordance with paragraph 947D(2)(a) as an amount in dollars, 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).
 (2) For paragraph 947D(2)(d) of the Act, if ASIC determines that, for a compelling reason, it is not possible to state information to be disclosed in accordance with paragraph 947D(2)(a) as an amount in dollars, or to describe the amount as a percentage, 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).
 (3) A determination under subregulation (1) or (2) must be:
 (a) in writing; and
 (b) published in the Gazette.

7.7.13B  Additional information about charges or benefits—disclosure of dollar amounts
 (1) For paragraph 947D(2)(d) of the Act, if ASIC determines that, for a compelling reason based on the nature of a