Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p23
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 23/43)
Character Range: 1322818–1325707

issuer, or a class of product issuers; or
 (b) would impose an unreasonable burden on a product issuer, or a class of product issuers, within a period specified in the determination; or
 (c) would not be in the interests of a product holder, or a class of product holders;
the product issuer must provide the information in subregulation (4).
 (4) If subregulation (3) applies, the product issuer must provide:
 (a) a statement informing the product holder that amounts for fees, charges or expenses are applicable; and
 (b) if information about the deduction is not provided in the statement mentioned in sub‑subparagraph 7.9.20(1)(ka)(ii)(B)—details of the means by which a product holder can gain access to information relating to the amount of the deduction.
 (5) A determination under subregulation (2) or (3) must be:
 (a) in writing; and
 (b) published in the Gazette.

7.9.21  Specific requirements in particular cases: member (other than capital guaranteed member) of fund other than a self managed superannuation fund
 (1) For paragraph 1017D(5)(g) of the Act, and in addition to regulations 7.9.19 and 7.9.20, a periodic statement for a member (other than a capital guaranteed member) of a fund (other than a self managed superannuation fund) must include the following details:
 (a) if the fund is an unfunded defined benefits fund—details of the surcharge debt account kept by the trustee, under subsection 16(2) of the Superannuation Contributions Tax (Assessment and Collection) Act 1997, for the member, including:
 (i) the balance of the account at the start of the reporting period; and
 (ii) the amount debited to the account for superannuation contributions surcharge assessed, by the Commissioner of Taxation, to be payable on the member's surchargeable contributions; and
 (iii) the amount of interest debited, under subsection 16(4) of that Act, to the account during the reporting period; and
 (iv) the balance of the account at the end of the reporting period;
 (b) if the trustee reduced the member's benefits in connection with payment of a superannuation contributions surcharge or an advance instalment of surcharge:
 (i) the amount deducted; and
 (ii) if there is a difference between the amount deducted and the amount assessed under subsection 15(1) of the Superannuation Contributions Tax (Assessment and Collection) Act 1997 or between the amount deducted and the amount determined under subsection 15(2) of that Act—a statement explaining the difference;
 (c) a description of the nature, effect and significant features of surcharge debt accounts.
 (2) A nil amount need not be disclosed.

7.9.22  Specific requirements: capital guaranteed funds and RSAs
 (1) For paragraph 1017D(5)(g) of the Act, and in addition to regulations 7.9.19 and 7.9.20, a periodic statement for a member of a capital guaranteed fund must include the following details:
 (a) a