Released 26 April 2001. Comment closed 7 June 2001.

Under the Financial Services Reform Bill 2001 (the Bill), issuers of financial products must give consumers full information about any product they are offering, through a Product Disclosure Statement (PDS). A PDS is one of several possible disclosures that consumers may need to be given before they decide to buy a product. We explain some of these disclosures in the flow chart and explanatory notes under ‘Background’.

This policy proposal paper focuses on:

• our approach to the PDS provisions;
• what guidance we will give issuers on preparing a PDS to comply with these provisions; and
• our role in monitoring PDS and enforcing the PDS requirements.

Download CP 16 (PDF 298 KB) | Read the media release