Document ID: chunk:federal_register_of_legislation:F2021C00160:body:0:p38
Version: federal_register_of_legislation:F2021C00160
Segment Type: other
Provision Reference: 
Character Range: 103738–105529

to a periodic statement in accordance with subsection (3) is that ASIC Class Order [CO 14/1252] does not apply to the periodic statement: see paragraph 14 of that class order.
(5) An election made under this section cannot be withdrawn.
(6) In this section:
issuer means the issuer of the financial product to which the periodic statement relates.

Part 5—Exemption

10 Ongoing disclosure of material changes and significant events
(1) An issuer of a collective investment product or a superannuation product does not have to comply with subsection 1017B(1) of the Act to the extent this instrument directly results in a change or event that, but for this section, would be required to be notified under that subsection of the Act.
(2) The exemption in this section only applies in relation to the first time the issuer makes changes to a Product Disclosure Statement as a direct result of this instrument.

Endnotes

Endnote 1—Instrument history

Instrument number  Date of FRL registration      Date of commencement  Application, saving or transitional provisions
2019/1070          29/11/2019 (see F2019L01525)  30/11/2019
2020/579           22/7/2020 (see F2020L00932)   23/7/2020             -
2020/853           23/9/2020 (see F2020L01205)   24/9/2020             -
2020/1065          11/12/2020 (see F2020L01572)  12/12/2020            -

Endnote 2—Amendment history
ad. = added or inserted     am. = amended     LA = Legislation Act 2003    rep. = repealed     rs. = repealed and substituted
Provision affected   How affected
Section 2            rep. s48D LA
Section 5            am. 2020/579 and 2020/853
Section 6            am. 2020/579
Part 4               rs. 2020/579
Subsection 7(1A)     ad. 2020/1065
Subsection 8(1A)     ad. 2020/1065
Part 5               ad. 2020/579