Corporations Regulations 2001
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Hide history note[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]
Modifying legislative instruments: The application of Pt 7.9 is affected by the ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070.
For other legislative instruments or class orders before 1 January 2022 that affect the application of Pt 7.9, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
For paragraph 1017D(5) (g) of the Act, and in addition to regulations 7.9.19 and 7.9.20 , a periodic statement for a member of a capital guaranteed fund must include the following details:
(a) a statement that outlines the means by which the fund is to be maintained as a capital guaranteed fund and sets out the name of the institution providing the investments that back the fund;
(b) a statement that outlines the effect of the lower-risk/lower-return nature of the product on possible benefits in the long term;
(c) a statement that the member may wish to consider:
(i) other superannuation arrangements that may provide a greater return over the long term; and
7.9.22(2) [ Additional requirements for RSA holder]
(ii) seeking advice on alternative investment arrangements that may be more suitable.
For paragraph 1017D(5) (g) of the Act, and in addition to regulation 7.9.19, a periodic statement for an RSA holder must include the following details:
(a) a statement that outlines the effect of the lower-risk/lower-return nature of the product on possible benefits in the long term;
(b) a suggestion that the RSA holder may wish to consider:
(i) other superannuation arrangements that may provide a greater return over the long term; and
(ii) seeking advice on alternative investment strategies that may be more suitable.
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