Corporations Regulations 2001

SCHEDULE 10E - FORM AND CONTENT OF PRODUCT DISCLOSURE STATEMENT - SIMPLE MANAGED INVESTMENT SCHEME  

(regulation 7.9.11W )

Modifying legislative instruments

9   Contents of section 7 (How managed investment schemes are taxed)  

9(1)    
Section 7 of the Product Disclosure Statement must state, in the form of a warning, that:

(a) investing in a registered scheme is likely to have tax consequences; and

(b) persons are strongly advised to seek professional tax advice.

9(2)    
Section 7 must also include statements to the following effect:

(a) registered schemes do not pay tax on behalf of members;

(b) members are assessed for tax on any income and capital gains generated by the registered scheme.

9(3)    

The responsible entity may provide additional information about:

(a) taxation matters relating to the registered scheme; or

(b) taxation matters relating to registered schemes;

by applying, adopting or incorporating a matter in writing.