08 December 2017

King & Wood Mallesons congratulates the industry in developing fees and costs disclosure guidance

King & Wood Mallesons (KWM) congratulates the RG97 Industry Working Group (IWG) on the release of its Fees and Costs Disclosure – Guidance. Partner, Nathan Hodge, worked closely with the Working Group to help prepare industry guidance, which will assist both super funds and managed investment schemes to comply with new fee and cost disclosure regulations.

Exemplifying true cross-industry co-operation, the IWG brought together all parts of the Australian financial services industry to prepare Guidance for all the industry in response to the Australian Securities and Investments Commission’s (ASIC) RG 97 disclosure requirements. It helps funds to appropriately disclose fees and costs in product disclosure statements and periodic statements.

The Guidance - initially prepared by AIST and King & Wood Mallesons and then later extended by the IWG - answers many questions raised by industry about how to comply with the new RG 97 rules.

The Guidance represents the next step to true transparency in the retail financial services market, with further work to come in 2018 with ASIC’s expert external review.

The Guidance is supported by The Association of Superannuation Funds of Australia (ASFA), the Australian Institute of Superannuation Trustees (AIST), and the Financial Services Council (FSC) and is available to view in each body’s webpage.

Media contact

Share on LinkedIn Share on Facebook Share on Twitter
    You might also be interested in

    King & Wood Mallesons (KWM) continues to support long-term client China Molybdenum Co., Ltd on its global growth, as Australian and Hong Kong counsel on its US$550 million streaming transaction...

    22 July 2020

    KWM has acted for Wren House Infrastructure Management on the sale of its 19.99% stake in TransGrid Australia to OMERS.

    21 July 2020

    KWM has acted for the arrangers on the Term Loan B financing of two significant Private Equity M&A transactions, marking two of the largest deals to complete since the global pandemic in this market.

    07 July 2020

    KWM has launched the KWM Contemporary First Nations Art Award, which celebrates the amazing talent in communities across Australia.

    01 July 2020

    This site uses cookies to enhance your experience and to help us improve the site. Please see our Privacy Policy for further information. If you continue without changing your settings, we will assume that you are happy to receive these cookies. You can change your cookie settings at any time.

    For more information on which cookies we use then please refer to our Cookie Policy.