Proposed remake of relief from dollar disclosure and AFS licensing requirements for general advice in exempt documents (Consultation Statement 51)
Submission Date: 29 May 2026
The Superannuation Committee of the Legal Practice Section and the Financial Services Committee of the Business Law Section of the Law Council of Australia (together, the Committees) provided feedback on the proposed remaking of ASIC Corporations (Disclosure in Dollars) Instrument 2016/767 (ASIC Instrument 2016/767).
ASIC Instrument 2016/767 provides exemptions from requirements to disclose in a Product Disclosure Statement, Statement of Advice or periodic statement certain information in Australian dollars, which would otherwise be required by the Corporations Act 2001 (Cth).
The Committees take this opportunity to comment below on an issue in relation to which greater clarity in fees and costs disclosure obligations would be welcome.
Last Updated on 02/06/2026
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