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1. Does ASIC require Gold dealers and custodians of gold to comply with the financial disclosure laws such as a product disclosure statement etc? 2. If not, why not? 3. Are gold dealers and custodians required to provide a unique identifier to every gold bar they claim to warehouse? 4. If not, why not? 5. Are dealers and custodians required to ensure investors in gold are allowed to see their gold holdings with the serial numbers? 6. If not, why not? 7. Does Gold meet the definition of a financial instrument under 763A of the Corporations Act given that it is used to manage financial risk (e.g. inflation)?

Question Number: 48
PDR Number: AET051
Date Submitted: 22/02/2022
Department or Body: Treasury

1-2. Gold bars are not a financial product and therefore not subject to financial disclosure laws.

3-6. ASIC does not regulate gold bars, and therefore does not have information about their identifiers.

7. No.

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