Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p9
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 9/43)
Character Range: 1287315–1290012

to locate the statement or information; and
 (C) to decide whether or not to read the statement or information or obtain a copy of the statement or information; and
 (iii) states that a copy of the statement or information may be obtained from the responsible person on request, at no charge; and
 (c) the statement or information is not a statement or information that is in a Short‑Form Product Disclosure Statement.
 (1A) This regulation does not apply if the Product Disclosure Statement is for:
 (a) a standard margin lending facility; or
 (b) a superannuation product to which Subdivision 4.2B of Division 4 of this Part applies; or
 (c) a simple managed investment scheme to which Subdivision 4.2C of Division 4 of this Part applies; or
 (d) a simple sub‑fund product to which Subdivision 4.2D of Division 4 of this Part applies.
 (2) If the client requests a copy of the statement or information that the responsible person is not required to include in accordance with subregulation (1), the responsible person must provide the copy as soon as practicable, at no charge.
 (3) If a statement or information is not included in a Product Disclosure Statement because of subregulation (1), the statement or information is taken to be included in the Product Disclosure Statement.
 (4) Despite subregulation (3), if a responsible person does not include a statement or information in a Product Disclosure Statement in accordance with subregulation (1), the responsible person must include the following information in the Product Disclosure Statement:
 (a) for information required by paragraph 1013D(1)(b) or (f) of the Act—a description, in summary, of the purpose and key features of the product;
 (b) for information required by paragraph 1013D(1)(c) of the Act—a description, in summary, of the key risks of the product;
 (c) the information required by:
 (i) paragraphs 1013D(1)(a), (g) and (i) of the Act; and
 (ii) Divisions 1 and 2 of Part 2 of Schedule 10; and
 (iii) paragraphs 209(e) and (h) of Division 4 of Part 2 of Schedule 10; and
 (iv) Divisions 5 and 6 of Part 2 of Schedule 10;
 (d) the Consumer Advisory Warning in Division 7 of Part 2 of Schedule 10.

7.9.15DB  Requirement to keep record of Product Disclosure Statement and other documents
 (1) If section 1015B of the Act does not require a copy of a Product Disclosure Statement to be lodged with ASIC, the Statement and a document, or part of a document, mentioned in the Statement must be retained by the responsible person for that Statement for 7 years after the date of the Statement.
 (2) This regulation does not apply if the Product Disclosure Statement is for:
 (a) a standard margin lending facility; or
 (b)