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 5 - Ongoing requirements for product disclosure after person becomes a member  

Subdivision 5.12 - Periodic report when product holder ceases to hold product: superannuation products and RSAs  

REGULATION 7.9.54  

7.9.54   SPECIFIC REQUIREMENTS IN ALL CASES  
For paragraph 1017D(5) (g) of the Act, if a reporting period is the exit reporting period, the issuer of a superannuation product (other than the trustee of a self managed superannuation fund or pooled superannuation trust) must include in the periodic report given to a person who ceases, otherwise than by death to hold the product:


(a) the information mentioned in regulation 7.9.19 ; and


(b) in relation to a death or disability benefit that ceases or reduces, because the person has ceased to hold the product:


(i) either:

(A) the amount of the death or disability benefit immediately before the person ceased to hold the product or at the end of the last reporting period; or

(B) the method of working out the death or disability benefit; and

(ii) whether a continuation option is available to the person and, if it is, details of the option, a contact person who is available to discuss the option and a telephone number for the contact person.



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