CP 58 Unit pricing: Guide to good practice
Released 23 December 2004. Comment closed 18 February 2005.
Joint ASIC and APRA consultation paper.
Both APRA and ASIC, who have regulatory jurisdiction for aspects of the practice of life companies, superannuation providers and fund managers, have noted concerns about unit pricing practice in these entities in recent years.
This consultation paper includes proposals for guidance developed during the joint unit pricing review. This review has been undertaken by ASIC and APRA in the period from July to December 2004.
APRA and ASIC are working to develop a joint regulatory approach to assist industry participants understand and comply with their obligations in a consistent manner.