CP 358 Remaking ASIC relief on PDSs, superannuation dashboards and FSGs
Released 18 February 2022. Comments closed 12 April 2022.
This consultation paper sets out ASIC’s proposals to remake our class orders and one legislative instrument on specific disclosure requirements for financial services. Under the Legislation Act 2003, some of these instruments will expire (‘sunset’) if not remade. The relief provided in two instruments will also cease if there is no extension.
We are seeking feedback from financial services licensees, superannuation trustees, platform operators, responsible entities, consumer groups and other interested stakeholders on our proposals to:
- remake, in a single new instrument, relief in class orders relating to Product Disclosure Statement (PDS) in-use notices for employer-sponsored superannuation and product dashboard disclosure;
- remake, in a single new instrument, relief in instruments that relate to shorter PDSs and PDS obligations of superannuation trustees, IDPS operators and responsible entities of IDPS-like schemes; and
- remake, as a new instrument, a class order relating to Financial Services Guides (FSGs) in time critical situations.
Download
- Consultation Paper 358 (PDF 1.2 MB)
- Attachment 1 to CP 358: draft ASIC Corporations (In-use Notices for Employer-sponsored Superannuation and Superannuation Dashboards) Instrument 2022/XX (PDF 295 KB)
- Attachment 2 to CP 358: draft ASIC Corporations (Shorter PDS and Delivery of Accessible Financial Products Disclosure by Platform Operators and Superannuation Trustees) Instrument 2022/XX (PDF 383 KB)
- Attachment 3 to CP 358: draft ASIC Corporations (Financial Services Guide Given in a Time Critical Situation) Instrument 2022/XX (PDF 251 KB)
Related documents
- ASIC Corporations (In-use Notices for Employer-sponsored Superannuation and Superannuation Dashboards) Instrument 2022/496
- ASIC Corporations (Shorter PDS and Delivery of Accessible Financial Products Disclosure by Platform Operators and Superannuation Trustees) Instrument 2022/497
- ASIC Corporations (Financial Services Guide Given in a Time Critical Situation) Instrument 2022/498
- ASIC Corporations (Repeal) Instrument 2022/499
Submissions
(non-confidential submissions)
- Alternative Investment Management Association (AIMA) (PDF 183 KB)
- Association of Financial Advisers (AFA) (PDF 82 KB)
- Australian Institute of Superannuation Trustees (AIST) (PDF 203 KB)
- Industry Super Australia (ICA) (PDF 262 KB)
- Law Council of Australia (PDF 307 KB)
- Super Consumers Australia (SCA) (PDF 67 KB)