What is a Fee Disclosure Statement?

A Fee Disclosure Statement is a document that must be provided to retail clients of Australian financial services (AFS) licensees and authorised representatives of AFS licensees on an annual basis where the licensee or the authorised representative have entered into an ongoing fee arrangement with a retail client.
This is an obligation that must be adhered to for both existing and new clients who have agreed on an ongoing fee service arrangement.

Disclaimer


This website does in no way constitute legal advice. You must seek your own own professional advice to establish how the Corporations Act and other applicable laws will apply to you and your particular circumstances. It is your responsibility to determine your obligations. Any examples provided on this website are for illustration purposes only; they are not exhaustive and are not intended to impose or imply particular rules or requirements.

Obligations

The obliations of the FDS were introduced as part of the Future of FInancial Advice (FOFA) provisions in 2012

Preparing an Fee Disclosure Statement

An FDS must contain information from the previous 12-month period that –

Outsourcing your Obligations

If you are unsure of how to prepare an FDS there are services available to help your meet your obligations.

Contact Us

If you would like further help please contact us and we can help you meet your Fee Disclosure Statement requirements.

Further Information for Financial Advisers

If you are looking for further information from the financial services industry on Fee Disclosure Statements please contact us at support@paraplanner.com.au