Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p18
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 18/43)
Character Range: 1310334–1313103

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

7.9.19B  Withdrawal benefit—fees, charges and expenses
 (1) For subsection 1017D(5A) of the Act, this regulation applies to details of a deduction for fees, charges or expenses in accordance with paragraph 7.9.19(g).
 (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 information as an amount 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 information 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 product holder, or a class of product holders;
the product issuer must provide the information in subregulation (4).
 (4) If subregulation (3) applies, the product issuer must provide:
 (a) a statement informing the product holder that amounts for fees, charges or expenses are applicable; and
 (b) if information about access to the information is not provided in the statement mentioned in paragraph 7.9.19(i)—details of the means by which a product holder can gain access to information relating to the amount of the deduction.
 (5) A determination under subregulation (2) or (3) must be:
 (a) in writing; and
 (b) published in the Gazette.

7.9.20  Specific requirements for certain periodic statements: superannuation funds (other than self managed superannuation funds)
 (1) For paragraph 1017D(5)(g) of the Act, a periodic statement for a member of a fund (other than a self managed superannuation fund) must include the following details:
 (a) the amount of the member's contributions during the reporting period;
 (b) the amount of benefits rolled‑over or otherwise transferred into the fund during the reporting period;
 (c) the amount of withdrawals during the reporting period;
 (d)