Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p27
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 27/43)
Character Range: 1333091–1335915

the responsible person; and
 (ii) about how to ask for the details.
 (2) The details or statement must relate to:
 (a) an interest in the same sub‑plan; or
 (b) if there is no sub‑plan—an interest in the same superannuation entity or an RSA.
 (3) For paragraph 1020G(1)(c) of the Act, Part 7.9 of the Act is modified in its application in relation to a superannuation entity and an RSA provider as set out in Part 9 of Schedule 10A.

Subdivision 5.4A—Periodic statements for retail clients for financial products that have an investment component: additional information for margin lending facilities

7.9.30A  Application of Subdivision 5.4A
 (1) This Subdivision applies in relation to the provider of a margin lending facility.
 (2) For the purposes of this Subdivision, subsection 1017D(5) of the Act is modified to omit paragraphs (a) to (f).
Note: Paragraph 1020G(1)(c) of the Act provides that the regulations may provide that Part 7.9 of the Act applies as if specified provisions were omitted, modified or varied as specified in the regulations.

7.9.30B  Details to be included in periodic statements for margin lending facilities
  For paragraph 1017D(5)(g) of the Act, a periodic statement for a holder of a financial product must include the following details about the margin lending facility:
 (a) the outstanding loan amount;
 (b) the loan credit limit;
 (c) the current interest rate, and any changes to the interest rate since the last statement was provided;
 (d) an itemised list of the property by which the credit is secured, including:
 (i) the value of each item used for calculating the current LVR; and
 (ii) the loan to value ratio (if any) of each property item listed;
 (e) a summary of the loan to security ratios, showing separately:
 (i) the allowable loan to security ratio; and
 (ii) the maximum loan to security ratio, including any buffer allowed under the terms of the facility; and
 (iii) the current LVR;
 (f) a summary of all transactions affecting the margin lending facility during the reporting period.

Subdivision 5.5—Fund information for retail clients for financial products that have an investment component: superannuation

7.9.31  Application of Subdivision 5.5
  This Subdivision applies in relation to:
 (a) a regulated superannuation fund; and
 (b) an approved deposit fund; and
 (c) a pooled superannuation trust.

7.9.31A  Trustee of superannuation entity must provide fund information to holders of interests in the entity
  For the purposes of paragraph 1017DA(1)(a) of the Act, the trustee of a superannuation entity must provide the holder of a superannuation product (being an interest in that entity) with the following fund information relating to the entity and any relevant sub‑plan (within the meaning of section 1017C of the Act):
 (a) if the entity is not a