Regulation Impact Statement Updates
Official website for publishing regulatory impact analysis information for regulatory decisions announced by the Australian Government, COAG and COAG Councils.
Financial Services Disclosure Reform Regulation Impact Statement - Commonwealth Treasury
The first RIS to be published on our new web site relates to changes to product disclosure statements. These changes were announced on 23 June. The changes will limit the number of pages in product disclosure statements for superannuation, managed investment schemes, and margin loan products.
These measures have been spurred by various independent reports which indicated that under the current arrangements product disclosure statements lacked clarity and contained irrelevant information which was not helpful to investors.
The OBPR has approved the RIS.