Document ID: chunk:federal_register_of_legislation:F2021C00174:reg:3:p22
Version: federal_register_of_legislation:F2021C00174
Segment Type: reg
Provision Reference: reg 3 (pt 22/29)
Character Range: 109359–112636

points most commonly held in the membership option for the 1-year period.

           You should use this figure to help compare this product and membership options with other time-sharing schemes and membership options.

Membership option           Cost without finance  Cost with finance

[Insert membership option]  $[ ]                  $[ ]

              225 PAYG points-based programs

           Cost of product for 1 year

           The cost of product information gives a summary calculation of the cost of each membership option over a 1-year period. It is calculated using the same method as the Example of Annual Fees and Costs.

           The cost of product information assumes you hold the number of points most commonly held in the membership option for the 1-year period and that you purchase the maximum number of points required under the membership option to stay at the most popular scheme accommodation for one week during high season.

           You should use this figure to help compare this product and membership options with other time-sharing schemes and membership options.

Membership option           Cost without finance  Cost with finance

[Insert membership option]  $[ ]                  $[ ]

              226 Interval-based programs

           Cost of product for 1 year

           The cost of product information gives a summary calculation of the cost of each fixed or floating period membership option over a 1-year period. It is calculated using the same method as the Example of Annual Fees and Costs.

           The cost of product information assumes you have a membership entitling you to a week of accommodation during a 1-year period.

           You should use this figure to help compare this product and membership options with other time-sharing schemes and membership options.

Membership option           Cost without finance  Cost with finance

[Insert membership option]  $[ ]                  $[ ]

           Division 6B – How to fill in the Cost of Product Information

           227 Cost of Product Information

                  (1) The Cost of Product Information must:

                     (a) be included in the fees section of the Product Disclosure Statement, following the Example of Annual Fees and Costs;

                     (b) be set out using the headings and the form and contain fees and costs in accordance with the table in:

                         (i) clause 224 for allocation points-based programs;

                         (ii) clause 225 for PAYG points-based programs;

                         (iii) clause 226 for interval-based programs;

                     (c) set out each membership option offered under the Product Disclosure Statement in a separate row in the table;

                     (d) be calculated in accordance with the methods set out in the Example of Annual Fees and Costs.

                  (2) If interests in more than one program are offered under the Product Disclosure Statement (for example an allocation points-based program and a PAYG points-based program), the Product Disclosure Statement must contain a Cost of Product Information for each program.

                  (3) The Cost of Product Information