Disclosing fees and costs in PDSs and periodic statements (RG 97)

Overview of Disclosing fees and costs in PDSs and periodic statements (RG 97)

Disclosure is a legislated and important aspect of the Australian financial services regulatory regime.

Disclosing fees and costs in PDSs and periodic statements (RG 97) is a Regulatory Guide published by the Australian Securities and Investments Commission (ASIC) and is relevant to:

  • Issuers of certain superannuation products
  • Issuers of managed investment products and operators of notified foreign passport funds, and
  • Platform operators that operate superannuation platforms, investor directed portfolio services (IDPSs) and IDPS-like schemes.

With RG 97 put under the spotlight and having undergone a major update, affected institutions must ensure they continuously review and revise their PDSs and periodic statements to comply with ASIC’s regulatory guidance.

About our course

Whether you’re in a product management, document preparation, investment administration, communications, frontline customer-facing or ancillary role, our overview of RG 97 prepares you and your organisation for many operational and client engagement scenarios.

Program Content

Learning Outcomes

  • Outline the regulatory requirements that RG 97 applies to and what financial services entities need to comply with it
  • Discuss the underlying issues that prompted ASIC to undertake a major update to RG 97
  • Explain fees and costs disclosure requirements for PDSs and identify how they are represented in a compliant PDS
  • Explain fees and costs disclosure requirements for periodic statements and identify how they are represented in a compliant periodic statement
  • Describe the enforcement powers available to ASIC and how it might exercise them with respect to RG 97 compliance.

What you will learn

Who is this course for?

Units of Competency

Pre-requisite

Recognition of Prior Learning

Certification

You will be awarded a Certificate of Completion. It will be available online for you to download and print immediately.

ASIC-supervised licensees: Managed Investments OR Superannuation
FAS-Supervised advisers: Regulatory compliance and consumer protection

Explore our Financial Services CPD

Our short course topics are also included in our annual subscription Financial Services CPD library.

Download Brochure

Frequently Asked Questions

Our CPD short courses are self-paced with online learning resources & on-going support.
  • You have up to 8 weeks to complete the learning and assessment requirements for your CPD short course.
  • Experienced professionals can complete in less time.

Our CPD short courses are assessed by a short open book multiple-choice exam.

To get started, either
  • Purchase your course online. (If checking out for your team, you can add multiple courses to the cart.) OR
  • Contact Us to arrange an invoice
Please note: Online orders may take up to 1 business day to be processed and for you to receive your course login details.  

To get started, either:
  • Purchase course/s online. (You can add multiple courses to the cart.) Please note: Online orders may take up to 1 business day to be processed and for your team to receive their course login details.
OR
Contact us for your Corporate Solution.
What will I learn in this workshop?2026-07-15T18:59:10+10:00

The workshop combines regulatory updates with practical compliance guidance, helping Responsible Managers better understand their obligations and strengthen their governance framework.

Topics include:

Credit regulation and licensing

Understand the current regulatory framework governing Australian Credit Licensees and ASIC’s expectations of Responsible Managers.

The role and responsibilities of a Responsible Manager

Explore what ASIC expects Responsible Managers to do in practice and how to effectively discharge your responsibilities.

Regulatory priorities

Understand the emerging issues and compliance risks currently attracting regulatory attention.

Recent ASIC regulatory outcomes

Review recent enforcement actions and regulatory outcomes with a focus on the role Responsible Managers played – and the lessons every licensee should learn.

Accountability and governance

Strengthen your oversight, governance and compliance framework through practical examples and proven approaches.

Managing your ongoing obligations

Learn practical tips for staying across your obligations, maintaining effective records and meeting your reporting responsibilities.

Financial Education Professionals acknowledges the Traditional Owners of Country throughout Australia. We pay our respects to Elders past, present and emerging.