Corporations Regulations 2001

SCHEDULE 10C - FORM AND CONTENT OF PRODUCT DISCLOSURE STATEMENT - STANDARD MARGIN LENDING FACILITY  

(regulation 7.9.11D )

8   Contents of section 6 (The costs)  

8(1)    
Section 6 of the Product Disclosure Statement for a standard margin lending facility must include the following:

(a) a description of the interest rate for the standard margin lending facility, including how the interest rate is calculated;

(b) a statement about whether a default interest rate will be charged for the standard margin lending facility;

(c) details of any fee or cost to be charged by the provider of the standard margin lending facility, unless the fee is a minor fee;

(d) a statement about whether a fee or cost to be charged by the provider for the loan can be unilaterally changed by the provider under the loan agreement;

(e) a list of matters for which the provider of the standard margin lending facility will charge a minor fee for the standard margin lending facility;

(f) a statement about whether a commission or fee is payable to a financial advisor or other third party for the standard margin lending facility and, if a commission or fee is payable:

(i) the circumstances in which the commission or fee will be payable; and

(ii) how the borrower for the standard margin lending facility can obtain more detailed information about the commission or fee.

8(2)    
Section 6 of the Statement must include:

(a) a statement of the interest rate for the standard margin lending facility; and

(b) details of any minor fee the provider of the standard margin lending facility will charge for the standard margin lending facility.

8(3)    
Section 6 of the Statement may provide for the statement mentioned in paragraph (2)(a) or the details mentioned in paragraph (2)(b) by applying, adopting or incorporating a matter in writing.