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ASIC announces stamp duty disclosure changes

Published

ASIC has today announced changes to stamp duty and portfolio holdings disclosure requirements for the superannuation and investment management sectors following industry consultation.

What are the changes:

  • Stamp duty paid in one year will be disclosed over the following seven years in fees and costs summaries in Product Disclosure Statements (PDSs) rather than as an annual sum. This will be implemented through a change to ASIC Corporations (Disclosure of Fees and Costs) (Instrument 2019/1070).

  • New class order relief for superannuation trustees, aligning portfolio holdings disclosure obligations for internally-managed private debt with externally-managed private debt.

This follows a targeted review of superannuation investment disclosure settings in 2025, as well as public consultation which concluded in February 2026.

ASIC will also review Regulatory Guide 97 Disclosing fees and costs in PDSs and periodic statements (RG 97) commencing in 2026 to ensure the guidance remains robust and relevant.

More information

Background

Stamp duty disclosure requirements

Superannuation funds and investment managers must currently report transaction costs—including stamp duty—when disclosing fees and costs to consumers under Instrument 2019/1070 and RG 97. ASIC reviewed whether the rules relating to stamp duty disclosure influence investment decisions or conflict with the goals of Australia’s superannuation system or the laws and requirements of effective disclosure.

Portfolio holdings disclosure for private debt arrangements

Superannuation trustees must publicly disclose investment holding information about their investment options on their websites. Under current rules, trustees internally managing private debt assets must disclose the value of individual assets by issuer or counterparty even when there is only a single transaction with them, which may risk confidentiality. ASIC’s class order relief remedies this.

 

ASIC is Australia’s corporate, markets and financial services regulator.