Document ID: chunk:federal_register_of_legislation:F2024C01249:clause:10f_4
Version: federal_register_of_legislation:F2024C01249
Segment Type: clause
Provision Reference: sch 10F cl 4
Character Range: 2349422–2350789

4  Contents of section 2 (How [name of CCIV and sub‑fund] work)
 (1) Section 2 of the Product Disclosure Statement for the simple sub‑fund product must describe, in the form of a summary:
 (a) how the CCIV and the sub‑fund of the CCIV work; and
 (b) the rights and interests that members of the sub‑fund of the CCIV acquire.
 (2) Section 2 must:
 (a) if applicable—describe, in the form of a summary, the minimum investment amounts; and
 (b) provide information about the structure of the CCIV and the sub‑fund of the CCIV; and
 (c) state, in general terms, that the value of securities will vary as the market value of the assets of the sub‑fund of the CCIV rise or fall; and
 (d) describe, in the form of a summary, how members of the sub‑fund can increase or decrease their investment by acquiring securities or disposing of securities; and
 (e) state, in general terms, that in some circumstances, such as when there is a freeze on redemptions, members of the sub‑fund may not be able to redeem shares or dispose of securities within the usual period upon request; and
 (f) describe the frequency of distributions and explain how distributions are calculated.
 (3) The CCIV:
 (a) may provide more detailed information on the acquisition and disposal of securities; and
 (b) may provide the information by applying, adopting or incorporating a matter in writing.