Document ID: chunk:federal_register_of_legislation:F2024C01249:clause:10a_1013l:p11
Version: federal_register_of_legislation:F2024C01249
Segment Type: clause
Provision Reference: sch 10A cl 1013L (pt 11/17)
Character Range: 2245360–2248129

which confirmation of the transaction would be required to be given; and
 (b) all of the other information required under subsection (7) in relation to confirmation of the transaction is known at that time;
the confirmation of the transaction is to be provided in accordance with subsection (5C).
 (5C) Confirmation is to be provided as follows:
 (a) all of the information required, except for the cost of the transaction, is to be provided as soon as practicable in accordance with subsection (5);
 (b) the cost of the transaction may be provided in whichever of the following can be done first:
 (i) a secondary confirmation notice provided as soon as practicable after the cost is known;
 (ii) a standing facility mentioned in paragraph 1017F(5)(b);
 (iii) the first periodic report under section 1017D after the cost is known.

Part 16—Modifications relating to reporting periods

16.1  Paragraph 1017D(2)(a)
substitute
 (a) each reporting period lasts for:
 (i) a period, not exceeding 1 year, fixed by the issuer; or
 (ii) a longer period fixed by ASIC on the application of the issuer to which the period relates;

Part 17—Modifications relating to application forms for specified superannuation products

17.1  After subsection 1012B(4)
insert
 (4A) A regulated person:
 (a) need not give a client a Product Disclosure Statement for a financial product at or before the time when it would otherwise be required to be given; and
 (b) must give the client the Product Disclosure Statement as soon as is reasonably practical and in any event within 3 months after the product is issued to the client; and
 (c) need not give the client the Product Disclosure Statement at all if the client ceases to be a member of the superannuation fund concerned before the regulated person is required to give the Product Disclosure Statement under paragraph (b).
 (4B) Subsections (3), (4) and (4A) apply only in respect of:
 (a) in the case of an eligible rollover fund:
 (i) persons who become members of the fund by being issued with a superannuation interest under section 243 of the SIS Act; and
 (ii) persons who become members of the fund in circumstances mentioned in section 89 of the RSA Act; and
 (b) in the case of a public offer superannuation fund that is not a successor fund in relation to the financial product issued to the client:
 (i) standard employer‑sponsored members of the fund; and
 (ii) persons who become members of the fund in circumstances mentioned in regulation 7.9.06B of the Corporations Regulations 2001.

17.2  After subsection 1012I(2B)
insert
 (2C) If a trustee of an exempt public sector superannuation scheme:
 (a) applies, in circumstances mentioned in regulation 7.9.06B of the Corporations Regulations 2001, on behalf of a person