Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p2
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 2/4)
Character Range: 1260523–1263217

Product Disclosure Statement must give the person, free of charge:
 (a) a copy of the Statement within 8 business days; and
 (b) a copy of a matter in writing that is applied, adopted or incorporated by the Statement within 8 business days.

Subdivision 4.2D—Content of Product Disclosure Statement for simple sub‑fund products

7.9.11ZA  Application of this Subdivision
 (1) This Subdivision applies to:
 (a) a person that is required to prepare a Product Disclosure Statement for a simple sub‑fund product; and
 (b) a Product Disclosure Statement for a simple sub‑fund product.
 (2) This Subdivision does not apply to the extent that the simple sub‑fund product is a financial product (known as a "quoted product") that is, or is intended to be, traded on a declared financial market.
 (3) This Subdivision does not apply to the extent that the simple sub‑fund product relates to a financial product (known as a "stapled security") to which the following requirements apply:
 (a) the product consists of interests in 2 or more financial products;
 (b) the interests include at least one security in a CCIV;
 (c) under the terms on which each of the interests is to be traded, the interests must be transferred together;
 (d) there are no financial products in the same class as the interests that may be transferred separately.
 (4) This Subdivision does not apply to the extent that the simple sub‑fund product is a security in a CCIV (referable to a sub‑fund of the CCIV) and the CCIV has a constitution that provides:
 (a) that a member of the sub‑fund may direct that an amount of money corresponding to part or all of the amount invested by the member in the sub‑fund be invested in accessible investments; and
 (b) that any distributions to members of the sub‑fund will be determined by reference to amounts received by the CCIV in relation to the accessible investments acquired in accordance with the direction.

7.9.11ZB  Provisions of Part 7.7 of Act that do not apply in relation to simple sub‑fund products
  For the purposes of paragraph 951C(1)(b) of the Act, section 942DA of the Act does not apply in relation to a simple sub‑fund product to which this Subdivision applies.

7.9.11ZC  Provisions of Part 7.9 of Act that do not apply in relation to simple sub‑fund products
  For the purposes of paragraph 1020G(1)(b) of the Act, Subdivision D of Division 2 of Part 7.9 of the Act does not apply in relation to a simple sub‑fund product to which this Subdivision applies.

7.9.11ZD  Modification of Act—simple sub‑fund products
  For the purposes of paragraph 1020G(1)(c) of the Act, Part 7.9 of the Act is modified in its application to a simple sub‑fund product to which this