ASIC “clarifies” fees and costs

In late November, ASIC issued ASIC Corporations (Amendment and Repeal) Instrument 2015/876 (Instrument). This is ASIC’s latest attempt to clarify the fees and costs disclosure requirements under the Corporations Act 2001 (Act) for product disclosure statements and periodic statements issued by superannuation trustees (fee disclosure requirements), so that more accurate and consistent information about fees and costs…

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