Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p33
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 33/43)
Character Range: 1348277–1351036

invested, directly or indirectly, in a single enterprise or single group of associated enterprises and that have a combined value in excess of 5% of the total assets of the pooled superannuation trust;
 (f) in respect of the pooled superannuation trust—the effective rate of net earnings of the pooled superannuation trust in the most recent reporting periods that, in total, constitute a period of at least 3 years;
 (g) the information about costs of transactions mentioned in regulation 7.9.75;
 (h) details of any penalties imposed on the trustee under:
 (i) section 38A of the SIS Act; or
 (ii) section 182 of the RSA Act.
 (2) A nil amount need not be disclosed.
 (3) For subparagraph (1)(e)(ii), investments in a trust are taken not to be invested in the trustee of the trust.

Subdivision 5.8—Ongoing disclosure of material changes and significant events

7.9.43  Modification of Act: disclosure of material changes and significant events in relation to superannuation products and RSAs
  For paragraph 1020G(1)(c) of the Act, Part 7.9 of the Act is modified in its application in relation to:
 (a) a regulated superannuation fund (other than a self managed superannuation fund); and
 (b) an approved deposit fund (other than an excluded approved deposit fund); and
 (c) a pooled superannuation trust; and
 (d) an RSA;
as set out in Part 10 of Schedule 10A.

7.9.44  Benefits to be paid to eligible rollover fund
 (1) For subsection 1017DA(1) of the Act, if the benefits of a superannuation product holder or an RSA holder will be paid (otherwise than under a payment split) to an eligible rollover fund unless the holder chooses, within a specified period, another superannuation entity, an exempt public sector superannuation scheme or an RSA to which those benefits will be paid, the responsible person must give a notice to the product holder within a reasonable period to allow a decision to be made.
 (2) The notice must include:
 (a) information about the payment to the eligible rollover fund that will assist the product holder to decide between having the benefits paid to that other superannuation entity, the exempt public sector superannuation scheme, the RSA or the eligible rollover fund; and
 (b) so much of the following information as is relevant:
 (i) an explanation why the product issuer (the transferor) intends to pay the product holder's benefits to the eligible rollover fund if the product holder does not make the choice within the period;
 (ii) a statement of the effect of the payment of benefits to the eligible rollover fund;
 (iii) the contact details of the eligible rollover fund;
 (iv) subject to subregulation (3), the amount, of the product holder's benefits that will be paid from the transferor;
 (v) a statement