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 5.2 - Periodic statements for retail clients for financial products that have an investment component: regulated superannuation funds, approved deposit funds and RSAs  

REGULATION 7.9.23  

7.9.23   INFORMATION FOR CAPITAL GUARANTEED FUND: BENEFITS REACH $10 000  
For paragraph 1017D(5) (g) of the Act, and in addition to regulations 7.9.19 and 7.9.22 , if the amount of the benefits of a member in a capital guaranteed fund at the end of a reporting period is at least $10 000, the periodic statement for that reporting period must include the following details:


(a) a statement of that fact;


(b) a statement that the information contained in the periodic statement is important and that the notice must be read carefully;


(c) a statement that outlines the effect of the lower-risk/lower-return nature of the product on possible benefits in the long term;


(d) a statement that the member may wish to consider:


(i) other superannuation arrangements that may provide a greater return over the long term; and

(ii) seeking advice on alternative investment arrangements that may be more suitable.



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