ASIC proposes to remake deposit product disclosure relief instrument

ASIC is inviting feedback on its proposal to remake a legislative instrument that provides relief from certain disclosure requirements that apply to deposit products.

ASIC Corporations (Deposit Product Disclosure) Instrument 2015/683 exempts deposit products from the obligations to disclose:

• interest rates in a Product Disclosure Statement (PDS), and
• termination values in periodic statements.

We consider the relief instrument, which is scheduled to end on 1 October 2025, to be operating effectively and efficiently and still a necessary and useful part of the legislative framework.

We intend to remake the instrument without any changes.

Providing feedback