Document ID: chunk:federal_register_of_legislation:F2022L00762:body:0:p4
Version: federal_register_of_legislation:F2022L00762
Segment Type: other
Provision Reference: 
Character Range: 8245–10687

Disclosure Statement may relate to both the common part and the variable choice part of a Product Disclosure Statement.

(9)    In this section:

         accumulation product means a superannuation product other than a superannuation product in relation to which the holder would be a defined benefit member within the meaning of section 83A of the SIS Act.

         common part means the part of a Product Disclosure Statement that does not contain the statements and information set out in the variable choice part.
Note: By section 1013L, a Product Disclosure Statement may be made up of 2 or more separate documents that are given at the same time. Similarly the common part may consist of such documents.
         public offer superannuation fund has the meaning given by section 18 of the SIS Act.
          SIS Act means the Superannuation Industry (Supervision) Act 1993.
          SIS regulations means the Superannuation Industry (Supervision) Regulations 1994.
          standard employer-sponsor has the meaning given by section 16 of the SIS Act.
         standard employer-sponsored fund has the meaning given by section 16 of the SIS Act.
         standard employer-sponsored member has the meaning given by section 16 of the SIS Act.
         variable choice part means, in relation to a Product Disclosure Statement for a superannuation product that is an interest in a standard employer-sponsored fund, a document or documents that only include any or all of the following information relating to a feature of the product chosen by the standard employer-sponsor from a selection of features made available by the trustee of the fund:
(a) information about matters set out in regulation 4.02A or 4.02AA (as applicable) of the SIS regulations concerning investment strategies;
(b) information about any insurance product that provides insurance cover to standard employer-sponsored members who hold the product;
(c) the fees which apply to the superannuation product including those that relate to particular investment strategies available in relation to the product;
(d) information about any written agreement relating to the vesting of benefits of the kind referred to in paragraph 5.08(2)(b) of the SIS regulations;
                  (e) the level of employer contributions in respect of standard employer-sponsored members who hold the product.".

Part 4—Repeal

9 Repeal
This instrument is repealed on 1 October 2027.