ASIC has made a new legislative instrument to replace three class orders on dollar disclosure (CO 04/1431, CO 14/1433 and CO 04/1435). They were due to expire on 1 October 2016 and 1 April 2017, but the new legislative instrument maintains the relief that they provided.
The dollar disclosure provisions in the Corporations Act require various costs, fees, charges, expenses, benefits and interests to be stated in dollar amounts in Statements of Advice, Product Disclosure Statements and periodic statements. The legislative instrument provides exemptions from these requirements in certain circumstances. For example, the instrument exempts a PDS from having to disclose the dollar amount of a non-monetary benefit where certain conditions are met.
Further information can be found here.