‘Reprehensible conduct’ – tax agent banned to protect the public
A Queensland tax agent has been stripped of her registration after committing a string of serious breaches against the...READ MORE
Despite still complying with requirements from the Australian Securities and Investments Commission (ASIC) to fully disclose fees to prospective buyers, it is very rare for funds to be entirely open about their fee structures on their websites.
Research by Money Management found that while ASIC’s RG97, introduced in March last year, requires funds to fully disclose their fee setups in the product disclosure statements (PDSs), many did not make that information fully accessible in their general websites and factsheets for their funds.
Read the full story at Money Management.