Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 7.9.20A

         (1)   For subsection 1017D (5A) of the Act, in providing details of
a deduction for fees, charges or expenses in accordance with paragraph 7.9.20 (1) (kb):

                (a)    the amount must be stated in dollars; or

               (b)    if ASIC determines that, for a compelling reason, it is not possible to state the amount of a deduction in dollars the amount of the deduction may be set out as a description of the fees, charges or expenses as a percentage of a specified matter (including worked dollar examples, unless that is inappropriate); or

                (c)    if ASIC determines that, for a compelling reason, it is not possible to state the amount of a deduction in dollars, or to set out the amount as a percentage, the product issuer may provide:

                          (i)    a statement informing the holder of the product that amounts for fees, charges or expenses are applicable; and

                         (ii)    if information about the deduction is not provided in the statement mentioned in sub-subparagraph 7.9.20 (1) (ka) (ii) (B) -- details of the means by which
a product holder can gain access to information relating to the amount.

         (2)   A determination under paragraph (1) (b) or (c) must be:

                (a)    in writing; and

               (b)    published in the Gazette .