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

7   Contents of section 5 (How we invest your money)  

7(1)    
Section 5 of the Product Disclosure Statement must describe, in the form of a summary:

(a) the MySuper products and investment options being offered; and

(b) what happens if the person does not make a choice of where to invest.

7(2)    

Section 5 must state, in the form of a warning, that the person must consider:

(a) the likely investment return; and

(b) the risk; and

(c) the person ' s investment timeframe;

when choosing a MySuper product or an investment option in which to invest.

7(3)    

For at least one MySuper product or investment option, section 5 must:

(a) state the name of the MySuper product or investment option and give a short description of it, including the type of investors for whom it is intended to be suitable; and

(b) list the asset classes in which the MySuper product or investment option invests, and set out, in the form of a range or otherwise, the strategic asset allocation of the asset classes; and

(c) describe the investment return objective of the MySuper product or investment option; and

(d) state the minimum suggested time frame for holding the MySuper product or investment option; and

(e) describe, in the form of a summary, the risk level of the MySuper product or investment option.

7(4)    

If the superannuation product includes a generic MySuper product, section 5 must give the information mentioned in subclause (3) for the generic MySuper product, whether or not section 5 gives that information for another MySuper product or investment option.

7(5)    

If the superannuation product does not include a generic MySuper product, and has a balanced investment option (within the meaning given by clause 101 of Schedule 10 ), section 5 must give the information mentioned in subclause (3) for the balanced investment option under which most assets of the superannuation entity are invested, whether or not section 5 gives that information for any MySuper product or other investment option.

7(6)    

If the superannuation product does not include a generic MySuper product or a balanced investment option (within the meaning given by clause 101 of Schedule 10 ), section 5 must give the information mentioned in subclause (3) for the investment option under which most assets of the superannuation entity are invested, whether or not section 5 gives that information for any MySuper product or other investment option.

7(7)    
(Repealed by SLI 2013 No 155, Sch 1[77] (effective 1 July 2013).)

7(8)    
Section 5:

(a) must make provision for each MySuper product and investment option which is not presented in section 5 in accordance with subclause (3), (4), (5) or (6); and

(b) may make provision for the MySuper product or investment option by applying, adopting or incorporating matter in a document that:

(i) includes the information mentioned in subclause (3); and

(ii) presents it in the way mentioned in the subclause.

7(9)    
The superannuation trustee:

(a) must provide information about how a person may switch the person ' s investments; and

(b) whether the superannuation product ' s MySuper products and investment options may be changed and, if so, how; and

(c) must describe, in the form of a summary, the extent to which labour standards or environmental, social or ethical considerations are taken into account in the selection, retention or realisation of investments relating to the superannuation product; and

(d) may provide the information in paragraphs (a) to (c), and any additional information about MySuper products or investment options, by applying, adopting or incorporating a matter in writing.