Corporations Amendment Regulations 2003 (No. 8) (282 of 2003)

Schedule 3   Amendments commencing on 1 July 2004

[7]   Paragraph 7.9.20 (1) (k)

substitute

(k) for a reporting period (within the meaning of subsection 1017D (2) of the Act ) commencing before 1 July 2004 - details, including the amount or method of working out, of other significant benefits, including, in particular, disability benefits;

(ka) for a reporting period (within the meaning of subsection 1017D (2) of the Act) commencing on or after 1 July 2004:

(i) details of other significant benefits, including disability benefits, and the amount of the benefits at the end of the reporting period, or the method of working out the amount of the benefits; and

(ii) if the periodic statement includes an amount mentioned in subparagraph (i) - a statement informing the holder of the product that:

(A) the details of the significant benefit reflects the situation for the member on the date shown in the statement and the amount might change; and

(B) the issuer is obliged to provide product holders with any information they reasonably require for the purpose of understanding their benefit entitlements; and

(iii) details of the means by which a product holder is able to gain access to information relating to the amount of a significant benefit;