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ARTICLE · 09 JUNE 2022

Fees and costs disclosure in PDSs – a quick guide

Holding Redlich
Holding Redlich
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Holding Redlich

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The article may assist superannuation fund trustees disclose fee and costs data in compliance with this ASIC Instrument.

AustraliaFinance and Banking
Luke Hooper
Luke Hooper
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Having advised various clients on ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070 (ASIC Instrument) for both PDSs and member statements, it seems to make sense that I write some form of a simple guide to share. Part of this has arisen from my experience in seeing how compliance, administration and investment teams need to come together to understand how the rules apply not only to the hard quant leanings of investments but also to the interpretation of that data for member use.

And, occasionally, things can get lost in translation.

This article is designed to assist those superannuation fund trustees drafting or restructuring their PDSs to disclose fee and costs data in compliance with the ASIC Instrument. I am happy to discuss member statements another time.

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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