Document ID: chunk:federal_register_of_legislation:F2024C00757:front:0:p6
Version: federal_register_of_legislation:F2024C00757
Segment Type: other
Provision Reference: 
Character Range: 13450–16610

investments chosen by the client will generally be set out in a disclosure document or Product Disclosure Statement for the accessible investments; and
                  (d) examples, based on estimates, of the total of fees, charges and expenses of the IDPS and the accessible securities and accessible financial products that may be acquired through the IDPS that satisfy the requirements of subsection (6); and
                  (e) information about fees and costs in relation to the IDPS that complies with Part 2 of Schedule 10 of the Corporations Regulations 2001 as if:
                     (i) an interest in the IDPS were a managed investment product; and
                     (ii) the IDPS Guide were a Product Disclosure Statement for a managed investment product;
                  except that the costs incurred for accessible investments are not required to be included as management fees and costs, performance fees or transaction costs.
               1.           The examples referred to in paragraph (5)(d):
                  (a) must express the total estimate of fees, charges and expenses as a proportion of the total price paid in acquiring the accessible securities and accessible financial products through the IDPS; and
                  (b) must be examples that the licensee has reasonable grounds for believing are based on estimates of the fees, charges and expenses that are within the range typically charged for accessible securities and accessible financial products of the relevant kind; and
                  (c) must cover a range of accessible securities and accessible financial products that may be acquired through the IDPS; and
                  (d) need not refer to actual or identified accessible securities or accessible financial products.
              (7) An IDPS Guide does not need to include:
                  (a) information in relation to actual or identified accessible investments; or
                  (b) information (excluded information) that would otherwise need to be included under subsection (4) if the information is in writing and is publicly available in a document other than the IDPS Guide, provided the IDPS Guide:
                     (i) refers to the information; and
                     (ii) provides sufficient details about the information to enable a person to identify by a unique identifier the document or part of the document containing the information and to locate the information and decide whether to read or obtain a copy of it; and
                     (iii) states that the information can be obtained from the licensee on request free of charge; and
                     (iv) contains the following information:
 1.         if the excluded information is information about any significant benefits to which a person will or may become entitled under the IDPS or any other significant characteristics or features of the IDPS or of the rights, terms, conditions and obligations arising under the IDPS—a summary of that excluded information;
(B) if the excluded information is information about any significant risks associated with the IDPS—a description, in summary, of