Corporations Regulations 2001

SCHEDULE 10D - FORM AND CONTENT OF PRODUCT DISCLOSURE STATEMENT - SUPERANNUATION PRODUCT TO WHICH SUBDIVISION 4.2B OF DIVISION 4 OF PART 7.9 APPLIES  

( regulation 7.9.11O )

Modifying legislative instruments

4   Contents of section 2 (How super works)  

4(1)    
Section 2 of the Product Disclosure Statement must include statements to the effect that:

(a) superannuation is a means of saving for retirement which is, in part, compulsory; and

(b) there are different types of contributions available to a person (for example, employer contributions, voluntary contributions, government co-contributions); and

(c) there are limitations on contributions to, and withdrawals from, superannuation; and

(d) tax savings are provided by the Government; and

(e) most people have the right to choose into which superannuation entity the employer should direct their superannuation guarantee contributions.

4(2)    
The superannuation trustee may provide more detailed information on the matters set out in subclause (1) by:

(a) applying, adopting or incorporating a matter in writing; or

(b) providing a reference to a website, operated by or on behalf of the Commonwealth, that contains the information.