Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p5
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 5/43)
Character Range: 1277050–1279979

purpose; and
 (ii) the extent to which the product issuer takes those standards into account in the selection, retention or realisation of the investment; and
 (d) if the Product Disclosure Statement includes a statement that the product issuer does take into account environmental, social or ethical considerations for the purpose of selecting, retaining or realising the investment—a statement outlining:
 (i) the considerations that the product issuer regards as environmental, social or ethical considerations for that purpose; and
 (ii) the extent to which the product issuer takes those considerations into account in the selection, retention or realisation of the investment.

7.9.14D  Further statements required in Product Disclosure Statement—financial claims scheme
 (1) For paragraph 1013D(1)(k) of the Act, the following further statements must be included in a Product Disclosure Statement that relates to a protected policy issued by a general insurer or a protected account issued by an authorised deposit‑taking institution:
 (a) if the Product Disclosure Statement relates to a protected policy—a statement that:
 (i) the person entitled to claim under insurance cover under a protected policy may be entitled to payment under the financial claims scheme; and
 (ii) access to the scheme is subject to eligibility criteria;
 (b) if the Product Disclosure Statement relates to a protected account—a statement that:
 (i) the account‑holder may be entitled to payment under the financial claims scheme; and
 (ii) payments under the scheme are subject to a limit for each depositor;
 (c) a statement that information about the scheme can be obtained from the APRA website at http://www.fcs.gov.au.
 (2) In this regulation:
authorised deposit‑taking institution has the meaning given by subsection 5(1) of the Banking Act 1959.
financial claims scheme means:
 (a) the scheme provided for in Division 2AA of Part II of the Banking Act 1959; and
 (b) the scheme provided for in Part VC of the Insurance Act 1973.
general insurer has the meaning given by section 11 of the Insurance Act 1973.
protected account has the meaning given by subsections 5(4) to (7) of the Banking Act 1959.
protected policy has the meaning given by subsection 3(1) of the Insurance Act 1973.

7.9.15  More detailed information in Product Disclosure Statement: unauthorised foreign insurer
 (1) For paragraph 1013D(4)(c) of the Act, the more detailed information that must be included in a Product Disclosure Statement that relates to a financial product issued by an unauthorised foreign insurer is:
 (a) a statement that the product issuer is:
 (i) an unauthorised foreign insurer; and
 (ii) not authorised under the Insurance Act 1973 to conduct insurance business in Australia; and
 (b) a statement that an insurer of that kind is not subject to the provisions of the Insurance Act 1973, which establishes a system of financial supervision