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 5.4 - Periodic statements for retail clients for financial products that have an investment component: additional information for superannuation entities and RSA providers  

REGULATION 7.9.30   ADDITIONAL INFORMATION FOR CHANGE TO CHOICES  

7.9.30(1)   [ Requirements]  

For paragraph 1017D(5) (g) of the Act, a periodic statement for a holder of a financial product must include, if relevant, either of the following details (in addition to the details mentioned in regulation 7.9.20 or 7.9.26 , as appropriate):

(a) details of:

(i) other investment strategies available to the holder (if applicable); and

(ii) other contribution levels available to the holder; and

(iii) other insurance coverage available to the holder in relation to the financial product;

(b) a statement:

(i) that the details in paragraph (a) are available on request from the responsible person; and

(ii) about how to ask for the details.

7.9.30(2)   [ Interests to which details or statement must relate]  

The details or statement must relate to:

(a) an interest in the same sub-plan; or

(b) if there is no sub-plan - an interest in the same superannuation entity or an RSA.

7.9.30(3)   [ Modification]  

For paragraph 1020G(1) (c) of the Act, Part 7.9 of the Act is modified in its application in relation to a superannuation entity and an RSA provider as set out in Part 9 of Schedule 10A .