RG 40
Good transaction fee disclosure for bank, building society and credit union deposit and payments products (transaction accounts)
Issued 26 June 2002. This guide is designed to promote improved disclosure of transaction fees for retail payments and deposit products (transaction accounts) offered by banks, credit unions and building societies.
In plain English
This guide explains how banks, credit unions, and building societies should clearly disclose transaction fees for deposit and payment products.
RG 40 applies to banks, building societies, and credit unions. It promotes clear disclosure of transaction fees for retail payment and deposit products, like transaction accounts. The guide was issued on 26 June 2002 and remains current.
Why it matters
SMBs offering transaction accounts need to ensure fee disclosures are easy to understand. This helps avoid customer confusion and potential complaints. Clear disclosures build trust and maintain a good reputation.
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-40-good-transaction-fee-disclosure-for-bank-building-society-and-credit-union-deposit-and-payments-products-transaction-accounts/. Rules Mate indexes + summarises; always verify against the regulator's live publication.