ASIC extends shorter PDS relief to 30 June 2016

7 November 2014

Yesterday, ASIC amended Class Order 12/749 to extend the interim relief from the shorter PDS regime for certain funds that was due to expire on 30 June 2015.  The relief will now expire on 30 June 2016, pending the outcome of the Financial System Inquiry and further work by the Government on the shorter PDS regime. CO 12/749 excludes multi-funds, superannuation platforms and hedge funds from the shorter PDS regime.