Document ID: chunk:federal_register_of_legislation:C2004A01226:clause:2_82:p1
Version: federal_register_of_legislation:C2004A01226
Segment Type: clause
Provision Reference: sch 2 cl 82 (pt 1/2)
Character Range: 69113–72128

82  Subsections 1017C(2) and (3)
Repeal the subsections, substitute:

Information for concerned person related to a superannuation product

 (2) If the financial product is a superannuation product, then, subject to subsection (4), the issuer must, on request by a concerned person, give the concerned person information that the concerned person reasonably requires for the purposes of:
 (a) understanding any benefit entitlements that the concerned person may have, has or used to have under the superannuation product; or
 (b) understanding the main features of:
 (i) the relevant sub‑plan; or
 (ii) if there is no relevant sub‑plan—the superannuation entity; or
 (c) making an informed judgment about the management and financial condition of:
 (i) the superannuation entity; and
 (ii) the relevant sub‑plan (if any); or
 (d) making an informed judgment about the investment performance of:
 (i) the relevant sub‑plan; or
 (ii) if there is no relevant sub‑plan—the superannuation entity; or
 (e) understanding the particular investments of:
 (i) the superannuation entity; and
 (ii) the relevant sub‑plan (if any).
The information must be given in accordance with the other requirements of this section.

Note 1: Subsection (9) defines concerned person and relevant sub‑plan.

Note 2: Failure to comply with this subsection is an offence (see subsection 1311(1)).

Information for concerned person related to an RSA product

 (2A) If the financial product is an RSA product, then, subject to subsection (4), the issuer must, on request by a concerned person, give the concerned person information that the concerned person reasonably requires for the purposes of:
 (a) understanding any benefit entitlements that the concerned person may have, has or used to have under the RSA product; or
 (b) understanding the main features of the RSA product.
The information must be given in accordance with the other requirements of this section.

Note 1: Subsection (9) defines concerned person.

Note 2: Failure to comply with this subsection is an offence (see subsection 1311(1)).

Information for employer‑sponsor related to a superannuation product

 (3) If the financial product is a superannuation product, then, subject to subsection (4), the issuer must, on request by an employer‑sponsor, give the employer‑sponsor information that the employer‑sponsor reasonably requires for the purposes of:
 (a) understanding the kinds of benefits to which the employer‑sponsor's employees are entitled or will or may become entitled; or
 (b) understanding the main features of:
 (i) the relevant sub‑plan; or
 (ii) if there is no relevant sub‑plan—the superannuation entity; or
 (c) making an informed judgment about the management and financial condition of:
 (i) the superannuation entity; and
 (ii) the relevant sub‑plan (if any); or
 (d) making an informed judgment about the investment performance of:
 (i) the relevant sub‑plan; or
 (ii) if there is no relevant sub‑plan—the superannuation entity; or
 (e) a matter