Document ID: chunk:federal_register_of_legislation:F2021C00174:reg:3:p19
Version: federal_register_of_legislation:F2021C00174
Segment Type: reg
Provision Reference: reg 3 (pt 19/29)
Character Range: 98608–103216

have to pay each year. The example does not take into account any increase in levies or increases in other ongoing costs that may occur. The responsible entity can increase the cost of levies by [insert percentage amount and timeframe]. You will have to pay these levies and ongoing costs every year of your membership, even if you do not use your membership.

           [Insert if relevant] If financing is facilitated, the estimate assumes you borrowed the maximum portion of the total purchase price available at the maximum interest rate for the maximum loan term for that interest rate. Financing is at the discretion of the person providing the financial accommodation and may not be available.

           If you do not pay the costs associated with holding your membership your interests may be forfeited and you may also be charged forfeiture fees of between $0 and $[insert amount].

Membership Option – [insert name of membership option or interval required by clause 222 and the number and type of points or intervals used for the example]

Type of fee or cost1                                                                                                                                           Amount  Explanation of fees and costs

Cost of membership —before [if relevant - the purchase of PAYG points and] finance

Levies                                                                                                                                                                 [Insert an explanation of levies]

Ongoing membership fee                                                                                                                                                 [Insert an explanation of ongoing membership fees]

Special levies [if relevant]                                                                                                                                           [Insert an explanation of any special levies]

Other annual fees and costs                                                                                                                                            [Insert an explanation of the other annual fees and costs]

[Insert a breakdown of the ongoing fees and costs]

Accommodation usage fees                                                                                                                                               Assumes membership is fully utilised and bookings are made in high season.

[Insert a breakdown of the accommodation usage fees]                                                                                                                   [Insert an explanation of accommodation usage fees]

Other fees and costs                                                                                                                                                   [Insert an explanation of other fees and costs]

[Insert a breakdown of the other fees and costs]

Total of the above costs of [insert name of membership option].                                                                                                        If you held this membership option, you would be charged fees and costs of $[insert amount from column 2] for a 1-year period.

Not including [if relevant, the cost of purchasing any PAYG points or] finance costs.                                                                                  This amount does not include [if relevant, the cost of purchasing any PAYG points or] finance costs.

[If relevant] PAYG costs

[If relevant]                                                                                                                                                          [Insert an explanation of the costs to purchase PAYG points.]

PLUS Cost of PAYG points2

[If relevant]                                                                                                                                                          [Insert an explanation of any fees and costs associated with the purchase of PAYG points.]

PLUS Fees and costs for purchase of PAYG points2

[If relevant]                                                                                                                                                          [If relevant]

Total of all the above costs of [insert name of membership option]                                                                                                     If you held this membership option, you would be charged fees and costs of $[insert amount from column 2] for a 1-year