Document ID: chunk:federal_register_of_legislation:F2024C01249:clause:10e_9
Version: federal_register_of_legislation:F2024C01249
Segment Type: clause
Provision Reference: sch 10E cl 9
Character Range: 2343629–2344414

9  Contents of section 7 (How managed investment schemes are taxed)
 (1) Section 7 of the Product Disclosure Statement must state, in the form of a warning, that:
 (a) investing in a registered scheme is likely to have tax consequences; and
 (b) persons are strongly advised to seek professional tax advice.
 (2) Section 7 must also include statements to the following effect:
 (a) registered schemes do not pay tax on behalf of members;
 (b) members are assessed for tax on any income and capital gains generated by the registered scheme.
 (3) The responsible entity may provide additional information about:
 (a) taxation matters relating to the registered scheme; or
 (b) taxation matters relating to registered schemes;
by applying, adopting or incorporating a matter in writing.