Document ID: chunk:federal_register_of_legislation:F2021C00174:reg:3:p20
Version: federal_register_of_legislation:F2021C00174
Segment Type: reg
Provision Reference: reg 3 (pt 20/29)
Character Range: 102735–106809

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 period

including the cost of purchasing PAYG points                                                                                                                           including the cost of purchasing PAYG points

not including finance costs.                                                                                                                                           not including finance costs.

Finance costs

Annual repayments for financing arrangements3                                                                                                                          [Insert an explanation of annual repayments under financing arrangements]

Ongoing financing costs                                                                                                                                                [Insert an explanation of ongoing costs]

[Insert a breakdown of ongoing financing costs]

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 period

including [if relevant, the cost of purchasing PAYG points and] finance costs.                                                                                         including [if relevant, the cost of purchasing PAYG points and] finance costs.

              1 Additional fees may apply

              2 [If relevant] You need to buy PAYG points each time you want to stay at scheme accommodation. This example assumes that you purchase the number of PAYG points required under the membership option to stay at the most popular scheme accommodation for one week during high season.

              3 The interest rate in the example is based on borrowing the maximum portion of the total purchase price available at the maximum interest rate available under a financing arrangement and the maximum loan term in relation to that interest rate. It assumes the amount borrowed is the maximum portion of the purchase price able to be financed. The interest rate is [insert percentage] p.a., loan term is [insert timeframe] years and amount borrowed is [insert amount]. The annual repayments during the loan include interest and the amount contributed towards the purchase price.

           Division 6—How to fill in the Example of Annual Fees and Costs

           219 Example of Annual Fees and Costs

                  The Example of Annual Fees and Costs must:

                     (a) contain fees and costs in accordance with the table in clause 218;

                     (b) be set out using the headings and the form in clause 218; and

                     (c) be included in the fees section of a Product Disclosure Statement, following the Fees and Costs Summary.

           220 If there is no financing arrangement

              If there is no financing arrangement offered, remove:

                     (a) in the preamble, references to financing;

                     (b) in the table:

                         (i) the subheading "Finance costs" and the information under this subheading; and

                         (ii) any other references to financing; and

                     (c) footnote 3 to the table.

                  221 If there is a financing arrangement

                  If there is a financing arrangement offered:

                     (a) the interest rate in the example must be based on the maximum