Corporations Amendment Regulations 2010 (No. 1) (55 of 2010)

Schedule 2   Amendments commencing on 12 October 2011

[7]   Schedule 10B, item 12

substitute

12 Contents of section 9

Section heading

(1) The heading to section 9 of the Product Disclosure Statement must be relevant to its contents.

Information

(2) Section 9 of the Product Disclosure Statement must contain the following information:

(a) the name and address of the FHSA provider;

(b) the address of the Internet page, and a phone number, operated by or for the provider from which a person can obtain further information about the product;

(c) the dispute resolution system that covers complaints by holders of the product, and how that system may be accessed.

(3) Section 9 of the Product Disclosure Statement must contain a statement that:

(i) the account-holder may be entitled to payment under the financial claims scheme; and

(ii) payments under the scheme are subject to a limit for each depositor; and

(iii) information about the scheme can be obtained from the APRA website at http://www.apra.gov.au and the APRA hotline on 1300 13 10 60.

(4) Section 9 of the Product Disclosure Statement must also contain the following text:

'First Home Saver Account enquiries

Information about the First Home Saver Accounts work, eligibility, fees and taxes, and links to savings calculators and other useful online tools.

visit www.ato.gov.au'.