Document ID: chunk:federal_register_of_legislation:F2024C01249:clause:10a_1013l:p1
Version: federal_register_of_legislation:F2024C01249
Segment Type: clause
Provision Reference: sch 10A cl 1013L (pt 1/17)
Character Range: 2220481–2223378

1013L  When Product Disclosure Statement may consist of 2 or more documents
  A Product Disclosure Statement may consist of 2 or more documents only if:
 (a) one of the documents is a document that complies with the requirements for a Product Disclosure Statement under this Act and the Regulations; and
 (b) the other document or documents contain a matter in writing that is applied, adopted or incorporated by the document mentioned in subparagraph (a).
5D.6  Subsection 1015D(3)
omit

Part 6—Modifications relating to application forms and Product Disclosure Statements for standard employer‑sponsor arrangements and successor funds

6.1  After subsection 1016A(2)
insert
 (2A) Subsection (2) does not apply in relation to a member who:
 (a) held an interest in a superannuation fund as a standard employer‑sponsored member; and
 (b) is issued with an interest in relation to another sub‑plan of the superannuation fund as a result of a transfer related to the cessation of the member's employment with the employer‑sponsor.

6.2  After subsection 1016A(3)
insert
 (3A) Subsection (3) does not apply in relation to a superannuation product if:
 (a) the issuer is a public offer entity that is a successor fund; and
 (b) an employer became a standard employer‑sponsor of a fund in the following way:
 (i) the employer was a standard employer‑sponsor of a fund (fund 1);
 (ii) the benefits of members in fund 1 were transferred to a successor fund;
 (iii) the employer was a standard employer‑sponsor of fund 1 immediately before those benefits were so transferred;
 (iv) the employer was a standard employer‑sponsor of the successor fund immediately after those benefits were so transferred.

6.3  After subsection 1012D(9)
insert

Recommendation, issue or sale situation—successor fund
 (9A) In a recommendation situation, issue situation or sale situation, a regulated person does not have to give the client a Product Disclosure Statement if:
 (a) the financial product is an RSA; and
 (b) subsection 1012I(2) applies.

Part 6A—Modifications relating to MySuper measures

6A.1  After subsection 1017BA(4)
Insert:
 (4AA) Despite paragraph 1539(a) of the Act, this section applies, to the extent that it relates to MySuper products, on and after 31 December 2013.

Part 7—Modifications relating to life pensioners, members subject to compulsory protection of small amounts and members with small amounts that are expected to grow quickly

7.1  After subsection 1017D(7)
insert
 (8) The trustee of a fund need not give a periodic statement or other information to a member:
 (a) in relation to any period during which the member is a life pensioner of the fund; or
 (b) if the member is a pensioner of the fund, and has requested that that information not be provided.
 (9) Subsection (8) does not apply to information mentioned in subregulation 7.9.21A(1) of the Corporations Regulations