ASIC
ASIC is inviting feedback on its proposal to remake a legislative instrument that provides relief from certain disclosure requirements that apply to deposit products.
ASIC Corporations (Deposit Product Disclosure) Instrument 2015/683 exempts deposit products from the obligations to disclose:
- interest rates in a Product Disclosure Statement (PDS), and
- termination values in periodic statements.
We consider the relief instrument, which is scheduled to end on 1 October 2025, to be operating effectively and efficiently and still a necessary and useful part of the legislative framework.
We intend to remake the instrument without any changes.
Providing feedback
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