Website Disclosure Information

What is Webiste Disclosure Information (WDI)?

WDI means the statements and information that a providing entity is required to include in an FSG that are made available on its website. WDI gives providing entities the flexibility to decide how they disclose information to clients that is otherwise required to be in an FSG.

Can i Publish My FSG On My Website?

A providing entity can publish its FSG on its website as WDI, but only if the providing entity has not already given the FSG to the client for the financial service

If a providing entity publishes its FSG on its website without giving the FSG to the client, it will be website disclosure information. This is also the case if a hyperlink to the content is then circulated to a client.

WDI can appear on different pages of a providing entity’s website and include written or graphic information. It can also be made available in a variety of formats, such as a PDF or Word file.

Website disclosure information is not readily accessible if it is password protected or only accessible to persons who have created an account or have a paid subscription.

What Is Good Practice For WDI?

You are encouraged to apply our good practice when making website disclosure information available. In particular, the information should:

• be easy to access, view and understand, so that the client can easily identify relevant sections or navigate the disclosure in a way that is meaningful to them

• not distract or divert clients from relevant information or include features that channel clients away from important information

• enable clients to readily identify the whole disclosure

• be available to clients as a printed or digital copy so that they can keep a copy of the disclosure to access in the future, and

• include information that enables clients to prove which version of the website disclosure information they relied on.

Providing entities should make it easy for clients to request a digital copy of website disclosure information. The client should not be charged for this digital copy.

What Information Must Be Included in WDI?

FSGs and website disclosure information have mandatory content requirements such as a purpose statement, details about the authorised representative and the authorised services.

You must also include details about your remuneration structures, dispute resolution procedures and your compensation arrangements.

Disclosure information must be worded and presented in a clear, concise and effective manner.

For a full list of required content, you can refer to Information Sheet 291 on the ASIC Webiste:

FAQs: FSGs and website disclosure information | ASIC

Accessing The WDI Template

As your licensee, we have provided a Website Disclosure Information template that you can embed on your website.

You can access the template from the Policy Register in the iC2 Compliance Hub.