ASIC Corporations (Disclosure in Dollars) Instrument 2016/767 (Cth)

ASIC Corporations (Disclosure in Dollars) Instrument 2016/767

About this compilation

Compilation No. 3

This is a compilation of ASIC Corporations (Disclosure in Dollars) Instrument 2016/767 as in force on 16 December 2022. It includes any commenced amendment affecting the legislative instrument to that date.

This compilation was prepared by the Australian Securities and Investments Commission.

The notes at the end of this compilation (the endnotes) include information about amending instruments and the amendment history of each amended provision.

Contents

Part 1—Preliminary 1 Name of legislative instrument 3 Authority 4 Definitions Part 2—Exemptions 5 Costs of the financial product 6 Non-monetary benefits or interests 7 Foreign currency amounts Endnotes Endnote 1—Instrument history Endnote 2—Amendment history

Part 1—Preliminary

1 Name of legislative instrument This is the ASIC Corporations (Disclosure in Dollars) Instrument 2016/767.

3 Authority This instrument is made under subsections 951B(1) and 1020F(1) of the Corporations Act 2001.

4 Definitions In this instrument: Act means the Corporations Act 2001. providing entity has the meaning given in section 944A of the Act. responsible person has the meaning given in subsection 1013A(3) of the Act. warrant has the meaning given by subregulation 1.0.02(1) of the Corporations Regulations 2001.

Part 2—Exemptions

5 Costs of the financial product Product Disclosure Statements: General insurance and life risk insurance (1) A responsible person for a Product Disclosure Statement for a general insurance product or life risk insurance product does not have to comply with paragraph 1013D(1)(m) of the Act in relation to information to be disclosed in accordance with paragraph 1013D(1)(d) of the Act in the Statement other than information about any excess or deductible (however described) that applies in relation to a claim under such a financial product. Product Disclosure Statements: Derivatives, foreign exchange and warrants (2) A responsible person for a Product Disclosure Statement for a derivative, foreign exchange contract or warrant does not have to comply with paragraph 1013D(1)(m) of the Act in relation to information to be disclosed in accordance with paragraph 1013D(1)(d) of the Act in the Statement. Circumstances where the exemptions apply (3) The exemption in subsection (1) or (2) applies where the Product Disclosure Statement for the financial product specifies any significant factors that will affect the cost of acquiring the product and includes an explanation of the impact of each of those factors on the cost of acquiring the product.