Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A fee disclosure statement , in relation to an ongoing fee arrangement, is a statement in writing that:
(a) includes the information required under this section; and
(b) relates to:
(i) a period of 12 months (the previous year ) that ends on a day that is no more than 60 days before that on which the statement is given; and
(ii) any other period prescribed by the regulations.
(2) The following information is required for a fee disclosure statement in relation to an ongoing fee arrangement, subject to subsection (3):
(a) the amount of each ongoing fee paid under the arrangement by the client in the previous year, expressed in Australian dollars unless an alternative is provided in the regulations;
(c) information about the services that the client was entitled to receive from the current and any previous fee recipient under the arrangement during the previous year;
(d) information about the services that the client received from the current and any previous fee recipient under the arrangement during the previous year;
(f) information about any other prescribed matters, including information that relates to a period that begins after the previous year.
(3) The regulations may provide either or both of the following:
(a) that particular information is not required for a fee disclosure statement, either in a particular situation or generally;
(b) a more detailed statement of the information that is required for a fee disclosure statement, either in a particular situation or generally.