Document ID: chunk:federal_register_of_legislation:C2015C00151:clause:3_1017ba:p1
Version: federal_register_of_legislation:C2015C00151
Segment Type: clause
Provision Reference: sch 3 cl 1017BA (pt 1/2)
Character Range: 44907–47593

1017BA  Trustees of regulated superannuation funds—obligation to make product dashboard publicly available
 (1) The trustee, or the trustees, of a regulated superannuation fund that has 5 or more members must ensure:
 (a) that a product dashboard for each of the fund's MySuper products and choice products is publicly available at all times on the fund's website; and
 (b) that each product dashboard sets out the information required by subsection (2) or (3); and
 (c) that the information set out in each product dashboard about the average amount of fees and other costs is updated within 14 days after the end of each quarter; and
 (d) that the other information set out in each product dashboard is updated within 14 days after any change to the information; and
 (e) if the regulations prescribe the way in which information is to be set out in a product dashboard—that each product dashboard sets out the information in accordance with the regulations.
 (2) The product dashboard for a MySuper product must set out the following:
 (a) the investment return target for the product;
 (b) the number of times the current target has been achieved for the product:
 (i) in the last 10 financial years; or
 (ii) if the MySuper product has been offered for a period of less than 10 financial years—in each of the financial years in which the MySuper product has been offered;
 (c) the level of investment risk that applies to the product;
 (d) a statement about the liquidity of members' investments in the MySuper product;
 (e) the average amount of fees and other costs in relation to the MySuper product during the last quarter, expressed as a percentage of the assets of the fund attributable to the MySuper product.
 (3) Subject to subsection (4), the product dashboard for a choice product must set out the following for each investment option offered within the choice product:
 (a) the investment return target for the investment option;
 (b) the number of times the current target has been achieved for the investment option:
 (i) in the last 10 financial years; or
 (ii) if the investment option has been offered for a period of less than 10 financial years—in each of the financial years in which the investment option has been offered;
 (c) the level of investment risk that applies to the investment option;
 (d) a statement about the liquidity of members' investments in the investment option;
 (e) the average amount of fees and other costs in relation to the investment option during the last quarter, expressed as a percentage of the assets of the fund attributable to the investments in that option.
 (4) Subsection (3) does not apply to an investment option within a