Document ID: chunk:federal_register_of_legislation:F2024C01249:clause:10d_7:p1
Version: federal_register_of_legislation:F2024C01249
Segment Type: clause
Provision Reference: sch 10D cl 7 (pt 1/2)
Character Range: 2314215–2316943

7  Contents of section 5 (How we invest your money)
 (1) Section 5 of the Product Disclosure Statement must describe, in the form of a summary:
 (a) the MySuper products and investment options being offered; and
 (b) what happens if the person does not make a choice of where to invest.
 (2) Section 5 must state, in the form of a warning, that the person must consider:
 (a) the likely investment return; and
 (b) the risk; and
 (c) the person's investment timeframe;
when choosing a MySuper product or an investment option in which to invest.
 (3) For at least one MySuper product or investment option, section 5 must:
 (a) state the name of the MySuper product or investment option and give a short description of it, including the type of investors for whom it is intended to be suitable; and
 (b) list the asset classes in which the MySuper product or investment option invests, and set out, in the form of a range or otherwise, the strategic asset allocation of the asset classes; and
 (c) describe the investment return objective of the MySuper product or investment option; and
 (d) state the minimum suggested time frame for holding the MySuper product or investment option; and
 (e) describe, in the form of a summary, the risk level of the MySuper product or investment option.
 (4) If the superannuation product includes a generic MySuper product, section 5 must give the information mentioned in subclause (3) for the generic MySuper product, whether or not section 5 gives that information for another MySuper product or investment option.
 (5) If the superannuation product does not include a generic MySuper product, and has a balanced investment option (within the meaning given by clause 101 of Schedule 10), section 5 must give the information mentioned in subclause (3) for the balanced investment option under which most assets of the superannuation entity are invested, whether or not section 5 gives that information for any MySuper product or other investment option.
 (6) If the superannuation product does not include a generic MySuper product or a balanced investment option (within the meaning given by clause 101 of Schedule 10), section 5 must give the information mentioned in subclause (3) for the investment option under which most assets of the superannuation entity are invested, whether or not section 5 gives that information for any MySuper product or other investment option.
 (8) Section 5:
 (a) must make provision for each MySuper product and investment option which is not presented in section 5 in accordance with subclause (3), (4), (5) or (6); and
 (b) may make provision for the MySuper product or investment option by applying, adopting or incorporating matter in a document that: