Document ID: chunk:federal_register_of_legislation:F2023C01164:body:0:p15
Version: federal_register_of_legislation:F2023C01164
Segment Type: other
Provision Reference: 
Character Range: 36133–38956

force on the day this instrument is made.
IDPS has the same meaning as in ASIC Corporations (Investor Directed Portfolio Services) Instrument 2023/669.
IDPS-like scheme means a registered managed investment scheme under which or which has a constitution that has provisions to the effect that:
(a) a member may give a direction that an amount of money corresponding to part or all of the amount invested by the member in the scheme be invested in specified accessible investments; and
(b) the distributions of capital and income from the scheme to the member in relation to their interests in the scheme will be determined by reference to amounts received by the responsible entity or a custodian in relation to the accessible investments acquired under that direction.
internal controls and other procedures of a responsible entity includes any alternative controls and procedures employed by the responsible entity to address deficiencies in the design or operation of established internal controls or other procedures.
missing document has the same meaning as in the definition of regular savings plan.
nominee and custody services has the same meaning as in ASIC Corporations (Nominee and Custody Services) Instrument 2016/1156.
quarter means a period of three months ending on a quarter day.
quarter's end means, in relation to electronic access to information under paragraph (9)(b):
(a)  the end of the day that is a quarter day; or
(b)  where such access is not given at the time mentioned in paragraph (a), the time at which access is first given after that time.
quarterly report means a report for a quarter under subsection (11).
regular savings acquisition has the same meaning as in the definition of regular savings plan.
regular savings plan means a written arrangement between the responsible entity of an IDPS-like scheme and a member to the effect that:
(a) the member instructs the responsible entity to acquire specified accessible financial products by way of periodic payments of a specified amount and at specified intervals (each such acquisition is a regular savings acquisition); and
(b) the member acknowledges that under the regular savings plan a regular savings acquisition of an accessible financial product may occur without the member having been given a current Product Disclosure Statement (missing document) in relation to the accessible financial product; and
(c) the responsible entity agrees to give access to the member to what it reasonably believes is the most current missing document relating to an accessible financial product (unless this would not be required if the acquisition were not under a regular savings plan) that may be acquired under the regular savings plan as soon as reasonably practicable and in any event by the fifth business day after the responsible entity