Document ID: chunk:federal_register_of_legislation:F2021C00174:reg:3:p11
Version: federal_register_of_legislation:F2021C00174
Segment Type: reg
Provision Reference: reg 3 (pt 11/29)
Character Range: 75821–79048

of points at [insert page number(s)].

             202 PAYG points-based programs

           What do you have to pay upfront for PAYG membership and to buy PAYG points?

           [Insert membership option name] membership is a PAYG membership. Under this membership option you will need to pay the upfront PAYG membership cost and then buy PAYG points each time you want to stay at scheme accommodation for a specified term.

           The Purchase Price and Upfront Fees and Costs Summary table below shows how many PAYG points are currently required under each of the PAYG membership options and how much this will cost to secure the following Accommodation Example.

Accommodation Example

Accommodation          [Insert description of most popular accommodation, including details of the resort location and room type]

Period of stay         [Insert dates]

PAYG points required   [Insert number]

           Note: The Accommodation Example is used in the Purchase Price and Upfront Fees and Costs Summary below to help you understand what it will cost you to stay at our most popular accommodation choice for one week during the high season using [insert membership option name].

           [Insert this paragraph if relevant] The table also shows you the upfront fees if you choose to enter into a financing arrangement facilitated by the responsible entity. You may choose to obtain your own financing which is subject to fees and costs not disclosed in this table.

           You can find information about the key features of different membership options at [insert page number].

           Purchase Price and Upfront Fees and Costs Summary

Membership option              Total purchase price                                [Insert column if relevant] Additional amounts under financing arrangement2  Purchase price of PAYG points for Accommodation Example under each membership option3
                               (incl. fees)1

Upfront finance costs          Total cost of points (incl. upfront finance costs)  PAYG points needed                                                           Price per PAYG point                                                                   Total cost of PAYG points

[Insert membership option(s)]

            1 This includes an establishment fee of [insert amount]. The proceeds from the purchase price will be paid to [insert details of payee]. For further information, refer to the Additional Explanation of Fees and Costs at [insert page(s)].

            2 [Insert paragraph if relevant] The Additional amounts under financing arrangement includes an establishment fee of [insert amount], [insert name of any other fee and amount] and finance application fee of [insert amount] if you choose to enter into a financing arrangement facilitated by the responsible entity. For further information, refer to the Additional Explanation of Fees and Costs at [insert page(s)].

            3 The Accommodation Example used in this table is set out above and is provided to help you understand what it will cost you to stay at our most popular accommodation choice for one week during the high season for each PAYG membership option. This example is