Document ID: chunk:federal_register_of_legislation:F2024C01249:clause:10f_2
Version: federal_register_of_legislation:F2024C01249
Segment Type: clause
Provision Reference: sch 10F cl 2
Character Range: 2346548–2348787

2  Minimum content of Product Disclosure Statement for simple sub‑fund product
 (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) 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.
 (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.
 (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).
 (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.