Document ID: chunk:federal_register_of_legislation:F2016L01769:body:0:p2
Version: federal_register_of_legislation:F2016L01769
Segment Type: other
Provision Reference: 
Character Range: 2982–4391

person has taken reasonable steps to:
(i) ensure that the Statement clearly and prominently:
(A) explains that information that is not materially adverse information is subject to change from time to time and may be updated by means described in the Statement; and
(B) explains how that updated information can be found out at any time; and
(C) states that a paper copy of any updated information will be given, or an electronic copy made available, to a person without charge on request; and
(ii) establish and maintain means by which a person may find out any updated information, being means that are simple and involve no charge and little inconvenience to the person, having regard to the kinds of persons likely to consider acquiring the financial product to which the Statement relates; and
(iii) make available any updated information as soon as practicable to each regulated person to whom the Statement has been provided for further distribution; and
(iv) cause a copy of any updated information to be kept for 7 years after it is prepared.
Note:  The information contained in a Statement at the time when it is given includes any information contained in a Supplementary Product Disclosure Statement or Supplementary Short-Form PDS given at the same time as the Statement: section 1014D of the Act and section 1017O of the Act (as notionally inserted by Part 3 of Schedule 10BA of the Regulations).