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.
Published Impact Analyses
Official website for Published Impact Analyses for decisions announced by the Australian Government, Ministerial Forums and National Standard Setting Bodies.
Aust Gov
Department of the Treasury
Impact Analysis (IA)
Other
Other
The new best practice regulation system came into effect on July 1st. With it comes a new Handbook. There are a number of changes to the system but the main change is this web site. RISs will now be all in the one spot and they will be put up on this web site shortly after the decision is announced. Compliance with the best practice requirements will also go ‘live’ with non-compliance reported on this web site. The web site also provides a ‘blog’ facility for you to comment on regulation news items especially RISs.