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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