Corporations Regulations 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.9 - FINANCIAL PRODUCT DISCLOSURE AND OTHER PROVISIONS RELATING TO ISSUE AND SALE OF FINANCIAL PRODUCTS  

Division 2E - Obligation to make information publicly available: registrable superannuation entities  

Subdivision 2E.1 - Obligation to make product dashboard publicly available  

REGULATION 7.9.07N  

7.9.07N   DEFINITIONS  

In this Subdivision:

lifecycle exception
has the meaning given by subsection 29TC(2) of the SIS Act.

lifecycle MySuper product
means a MySuper product to which a lifecycle exception applies.

lifecycle stage
, of a MySuper product offered by a regulated superannuation fund, means a subclass of members of the fund who hold the MySuper product, determined on the basis of:

(a) age; or

(b) age and the factors mentioned in regulation 9.47 of the SIS Regulations.

offering period
means:

(a) for a MySuper product other than a lifecycle MySuper product:

(i) if the MySuper product has been offered for less than 10 financial years and there is no predecessor product - the number of whole financial years for which the product has been offered; or

(ii) if the MySuper product and a predecessor product have been offered for a total of less than 10 financial years - the number of whole financial years for which the products have been offered; or

(b) for a lifecycle stage of a lifecycle MySuper product:

(i) if the lifecycle stage of the MySuper product has been offered for less than 10 financial years and there is no equivalent lifecycle stage of a predecessor product - the number of whole financial years for which the lifecycle stage has been offered; or

(ii) if the lifecycle stage of the MySuper product and an equivalent lifecycle stage of a predecessor product have been offered for a total of less than 10 financial years - the number of whole financial years for which the lifecycle stage of the MySuper product and the predecessor product have been offered.

predecessor product
, in relation to a MySuper product, means a default investment option in existence on 30 June 2013 in relation to which, if a member ' s accrued default amount were attributed to the MySuper product, the RSE licensee would be exempted from disclosure requirements under subregulation 9.46(2) of the SIS Regulations.

reporting standard
means a reporting standard determined by APRA under subsection 13(1) of the Financial Sector (Collection of Data) Act 2001 , as in force from time to time.