Regulatory Guidance (RG) 97

The RG 97 Industry Working Group (IWG) has produced a series of FAQs, available below, to assist providers in implementing ASIC’s legislative instruments and revised Regulatory Guide 97 (RG 97). The FAQs include topics that the IWG believes still require some interpretation.

As the revised RG 97 is much clearer than the previous version of RG 97, the IWG will not be issuing a revised, comprehensive, IWG Guidance document. The current IWG Guidance document, produced in 2017, can still be used by providers until they opt-in to the new RG 97 regime but, once a provider moves to the new RG 97 regime, it will no longer be relevant.