Corporations Regulations 2001

SCHEDULE 10F - FORM AND CONTENT OF PRODUCT DISCLOSURE STATEMENT - SIMPLE SUB-FUND PRODUCTS  

(regulation 7.9.11ZE )

2   Minimum content of Product Disclosure Statement for simple sub-fund product  

2(1)    
The Product Disclosure Statement for the simple sub-fund product must include sections that are numbered and titled as follows:

1. About [name of corporate director]

2. How [name of CCIV and sub-fund] work

3. Benefits of investing in [name of simple sub-fund product]

4. Risks of simple sub-fund products

5. How we invest your money

6. Fees and costs

7. How sub-funds of CCIVs are taxed

8. How to apply.

2(2)    
The Statement must include:

(a)    a table of contents that sets out the titles mentioned in subclause (1) ; and

(b)    the telephone number of the corporate director of the CCIV to enable a person who invests in the simple sub-fund product to request a copy of the following under regulation 7.9.11ZH :

(i) a copy of the Statement;

(ii) a copy of a matter in writing that is applied, adopted or incorporated by the Statement.

2(3)    
The Statement must:

(a)    advise a person reading the Statement that:

(i) it is a summary of significant information and contains a number of references to important information (each of which forms part of the Statement); and

(ii) persons should consider that information before making a decision about the simple sub-fund product; and

(iii) the information provided in the Statement is general information only and does not take account of the person ' s personal financial situation or needs; and

(iv) the person should obtain financial advice tailored to the person ' s personal circumstances; and

(b)    display the advice:

(i) at or near the beginning of the document; and

(ii) in a prominent position and style.

2(4)    
The Statement:

(a)    may include additional sections after sections 1 to 8; and

(b)    may include other information;

to an extent that does not have the effect of contravening subclause 1(1) .

2(5)    
The Product Disclosure Statement does not need to indicate that a particular requirement is not applicable to the simple sub-fund product.

Note: The Act, as modified in accordance with Subdivision 4.2D of Division 4 of Part 7.9 , requires information to be included in the Product Disclosure Statement only to the extent to which the requirement is applicable to the simple sub-fund product.