Document ID: chunk:federal_register_of_legislation:F2024C01249:clause:10c_8
Version: federal_register_of_legislation:F2024C01249
Segment Type: clause
Provision Reference: sch 10C cl 8
Character Range: 2303704–2305401

8  Contents of section 6 (The costs)
 (1) Section 6 of the Product Disclosure Statement for a standard margin lending facility must include the following:
 (a) a description of the interest rate for the standard margin lending facility, including how the interest rate is calculated;
 (b) a statement about whether a default interest rate will be charged for the standard margin lending facility;
 (c) details of any fee or cost to be charged by the provider of the standard margin lending facility, unless the fee is a minor fee;
 (d) a statement about whether a fee or cost to be charged by the provider for the loan can be unilaterally changed by the provider under the loan agreement;
 (e) a list of matters for which the provider of the standard margin lending facility will charge a minor fee for the standard margin lending facility;
 (f) a statement about whether a commission or fee is payable to a financial advisor or other third party for the standard margin lending facility and, if a commission or fee is payable:
 (i) the circumstances in which the commission or fee will be payable; and
 (ii) how the borrower for the standard margin lending facility can obtain more detailed information about the commission or fee.
 (2) Section 6 of the Statement must include:
 (a) a statement of the interest rate for the standard margin lending facility; and
 (b) details of any minor fee the provider of the standard margin lending facility will charge for the standard margin lending facility.
 (3) Section 6 of the Statement may provide for the statement mentioned in paragraph (2)(a) or the details mentioned in paragraph (2)(b) by applying, adopting or incorporating a matter in writing