Thursday, 18 October 2018

Senate Economics: Design and Distribution Obligations and Product Intervention Powers Bill

AIST offers conditional support for this Bill, however we point out that the Bill goes against international best practice by exempting product manufacturers, as well as relying on a flawed disclosure and reporting framework. AIST believes that further carveouts are not in fund members’ best interests. AIST is also uncertain what might constitute a trigger for a target market review.