Document ID: chunk:federal_register_of_legislation:F2024C01249:clause:10f_8:p2
Version: federal_register_of_legislation:F2024C01249
Segment Type: clause
Provision Reference: sch 10F cl 8 (pt 2/2)
Character Range: 2359570–2360915

investment option;
 (b) if the CCIV does not have a default option, and does not have a balanced investment option, section 6 must give a worked example for the investment option under which the CCIV has the most funds invested;
in accordance with Divisions 5 and 6 of Part 2 of Schedule 10 (including definitions applicable to those Divisions), except that clauses 211 and 220 do not apply.
 (8) Section 6:
 (a) must refer to the calculator (if any) provided by ASIC on a website operated by or on behalf of ASIC; and
 (b) may also refer to the calculator (if any) provided by the CCIV on its website; and
 (c) must state that each calculator referred to can be used to calculate the effect of fees and costs on account balances.
 (9) If additional fees may be payable to a financial advisor, section 6 must:
 (a) state, in the form of a warning, that additional fees may be paid to a financial advisor if a financial advisor is consulted; and
 (b) refer to the Statement of Advice in which details of the fees are set out.
 (10) The CCIV:
 (a) must provide the fees and costs of each of the investment options in accordance with Schedule 10, and may do so by applying, adopting or incorporating a matter in writing; and
 (b) may provide more detailed information about fees and costs by applying, adopting or incorporating a matter in writing.