RG 136
Funds management: Discretionary powers
Issued 31 July 2018. This guide is for operators of registered managed investment schemes (registered schemes) and passport funds, their service providers and advisers.
In plain English
This guide explains how to use discretionary powers when managing registered managed investment schemes and passport funds.
RG 136 applies to operators of registered managed investment schemes, passport funds, their service providers, and advisers. It clarifies how to use discretionary powers responsibly. The guide was issued on 31 July 2018 and remains current.
Why it matters
If your business manages investments, understand this guide. It helps ensure you’re acting in your clients’ best interests when using your discretion. This reduces legal and reputational risks.
AI-assisted summary, grounded in the source link below. Generated 2026-05-23 via gemma3:12b.
Issuing regulator
ASIC →Topics
Source: https://www.asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-136-funds-management-discretionary-powers/. Rules Mate indexes + summarises; always verify against the regulator's live publication.