REP 16 Disclosure of fees and charges in managed investments review of current Australian requirements and options for reform
Released September 2002
A report prepared for ASIC by Professor Ian Ramsay about the disclosure of fees and charges for investment products.
This report has been prepared at the request of ASIC as part of its ongoing commitment to ensure that the objectives of the Financial Services Reform Act 2001 (“FSRA”) are achieved. The report focuses upon one aspect of disclosure – disclosure of fees and charges in Product Disclosure Statements (“PDSs”) and member or investor periodic statements. As requested by ASIC, the report reviews current Australian disclosure requirements as well as international disclosure requirements, and proposes a number of options for improved disclosure.