Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.9.75C

Periodic statements--disclosure of amounts

             (1)  For paragraph 1017D(5A)(b) of the Act, this regulation applies to a periodic statement prepared on or after 1 January 2005 in relation to an amount mentioned in paragraph 7.9.75(1)(a) or (b) of these Regulations.

             (2)  If ASIC determines that, for a compelling reason, it is not possible to state the amount in dollars the amount may be described as a percentage of a specified matter (including worked dollar examples, unless that is inappropriate).

             (3)  If ASIC determines that, for a compelling reason, it is not possible to state the amount in dollars, or to describe the amount as a percentage, the periodic statement must include:

                     (a)  a statement informing the holder of the product that the amount is applicable; and

                     (b)  details of the means by which a product holder is able to gain access to information relating to the amount.

             (4)  A determination under subregulation (2) or (3) must be:

                     (a)  in writing; and

                     (b)  published in the Gazette .



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