Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:7:p35
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 7 (pt 35/39)
Character Range: 1190907–1193725

product, determined on the basis of:
 (a) age; or
 (b) age and the factors mentioned in regulation 9.47 of the SIS Regulations.
offering period means:
 (a) for a MySuper product other than a lifecycle MySuper product:
 (i) if the MySuper product has been offered for less than 10 financial years and there is no predecessor product—the number of whole financial years for which the product has been offered; or
 (ii) if the MySuper product and a predecessor product have been offered for a total of less than 10 financial years—the number of whole financial years for which the products have been offered; or
 (b) for a lifecycle stage of a lifecycle MySuper product:
 (i) if the lifecycle stage of the MySuper product has been offered for less than 10 financial years and there is no equivalent lifecycle stage of a predecessor product—the number of whole financial years for which the lifecycle stage has been offered; or
 (ii) if the lifecycle stage of the MySuper product and an equivalent lifecycle stage of a predecessor product have been offered for a total of less than 10 financial years—the number of whole financial years for which the lifecycle stage of the MySuper product and the predecessor product have been offered.
  predecessor product, in relation to a MySuper product, means a default investment option in existence on 30 June 2013 in relation to which, if a member's accrued default amount were attributed to the MySuper product, the RSE licensee would be exempted from disclosure requirements under subregulation 9.46(2) of the SIS Regulations.
  reporting standard means a reporting standard determined by APRA under subsection 13(1) of the Financial Sector (Collection of Data) Act 2001, as in force from time to time.

7.9.07P  Meaning of MySuper product dashboard reporting standards
  For this Subdivision, a reporting standard is a MySuper product dashboard reporting standard if the reporting standard contains a clause stating that it relates to information that will be included in a product dashboard for a MySuper product.

7.9.07Q  Product dashboard—how information must be set out
 (1) Information for a MySuper product must be set out in a product dashboard as follows (including the headings):

PRODUCT DASHBOARD
Return target

Return

Comparison between return target and return

Level of investment risk

Statement of fees and other costs

 (2) For a lifecycle MySuper product, the information mentioned in each item of the table must be set out in relation to each lifecycle stage of the product.

7.9.07R  Product dashboard—return target
 (1) The return target for a MySuper product other than a lifecycle MySuper product must be worked out in accordance with the MySuper product dashboard reporting standards.
 (2) The return target for a lifecycle MySuper product must be