RG 97 requirements for periodic statements – date change

December 2018

In the December 2017 edition of Fundamental we reported that REs need to ensure their periodic statements comply with RG 97 requirements for reporting fees and costs to investors. These rules apply to periodic statements issued on or after 1 January 2018. In the latest development, ASIC has further deferred the disclosure of some matters to reporting periods ending after 29 June 2020 (previously extended to 29 June 2019). These matters include transactional and operational costs and any reduced fee or cost resulting from the benefit of an income tax deduction. Our Funds Management lawyers can help you navigate the ongoing changes to RG 97.