Document ID: chunk:federal_register_of_legislation:F2015L01835:schedule:1:p10
Version: federal_register_of_legislation:F2015L01835
Segment Type: schedule
Provision Reference: sch 1 (pt 10/11)
Character Range: 25967–28876

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    18 Subparagraph 6(h)
    Omit the full stop at the end of the subparagraph, insert a semi-colon
    19 After subparagraph 6(h)
Insert:
           (i) omit subclause 301(1), substitute:
              "(1) For a MySuper product or an investment option offered by a superannuation entity, the following text and the appropriate amounts, in dollars, must be inserted after the part of the periodic statement that itemises transactions during the period.
              Indirect costs of your investment
              This approximate amount has been deducted from your investment and covers amounts that have reduced the return on your investment but are not charged as a fee.
              Other fees of your investment
              This approximate amount or amounts have been deducted from your investment and covers fees that are not reflected as transactions on this statement.
                  Note: Other fees may be reported by the type of fees charged.
              (1A) For an offer of a managed investment product, the following text and the appropriate amount, in dollars, must be inserted after the part of the periodic statement that itemises transactions during the period.
              Indirect costs of your investment
              This approximate amount has been deducted from your investment and covers amounts that have reduced the return on your investment but are not charged to you directly as a fee.".
    20 After paragraph 6
    Insert:
6A. In subclause 8(6A) of Schedule 10D to the Regulations omit "section 29V of the SIS Act.", substitute "clause 209A of Schedule 10, and for an insurance fee as mentioned in subsection 29V(9) of the SIS Act."
    21 Paragraph 8 (excluding the heading)
Omit, substitute:
8. Subject to paragraphs 8A and 8B, paragraphs 4 to 7 (except paragraphs 5 and 5D) apply in relation to a Product Disclosure Statement:
           (a) from 1 February 2017 (regardless of when it was first given); or
           (b) if the responsible person for the Statement has included in the Statement itself or published on a website of the responsible person from which the Statement can be accessed, a notice stating that this instrument applies to the Statement.
8A. The provisions of subparagraphs 6(bb), (c), (d), (e), (f)(i), (fa), (fb), (g) and (h) and paragraph 7 apply in relation to a Product Disclosure Statement:
           (a) from 1 February 2017 (regardless of when it was first given); or
           (b) if the Statement applies the provision.
8B. Paragraphs 5 and 5D apply from the day of the commencement of ASIC Corporations (Amendment and Repeal) Instrument 2015/876.
    22 Subparagraph 9(a)
Omit "1 January 2017;", substitute "1 January 2018;"
    23 Paragraph 9 (note)
Omit "Part 11 of Schedule 10A", substitute "Part 12 of Schedule 10A,".