Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p32
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 32/43)
Character Range: 1345601–1348523

be drawn.
 (2) A nil amount need not be disclosed.
 (3) For subparagraph (1)(g)(ii), investments in a trust are taken not to be invested in the trustee of the trust.

7.9.39  Benefits determined by life insurance products
 (1) Paragraphs 7.9.37(1)(e), (f) and (g) do not apply to funds from which the benefits paid to each member are wholly determined by reference to life insurance products.
 (2) If:
 (a) subregulation (1) does not apply only because shares in the life insurance company issuing the life insurance products were acquired because the company was demutualised; and
 (b) the shares have been held for not more than 18 months after the date of acquisition;
paragraphs 7.9.37(1)(e), (f) and (g) do not apply to funds from which the benefits paid to each individual member would otherwise be wholly determined by reference to life insurance products.
 (3) If subregulation (1) or (2) applies, the fund information must include the reason why the information for paragraphs 7.9.37(1)(e), (f) and (g) has not been given.

Subdivision 5.7—Fund information for retail clients for financial products that have an investment component: fund information for pooled superannuation trusts

7.9.40  Application of Subdivision 5.7
  This Subdivision applies in relation to a pooled superannuation trust.

7.9.41  Specific requirements in all cases
  Fund information includes the following:
 (a) in respect of the pooled superannuation trust—a description of the investment strategy of the pooled superannuation trust trustee, having regard to:
 (i) the requirements of paragraph 52(2)(f) of the SIS Act; and
 (ii) the investment objectives of the pooled superannuation trust;
 (b) a statement to the effect that other information is available on request.

7.9.42  Specific requirements in particular cases
 (1) Subject to subregulations (2) and (3), fund information includes the following, so far as they are applicable:
 (a) in respect of the pooled superannuation trust—the names of investment managers appointed by the trustee;
 (b) the name of each approved trustee of the pooled superannuation trust during the relevant reporting period;
 (d) in respect of the pooled superannuation trust—a statement of assets as at the end of:
 (i) the relevant reporting period; and
 (ii) the immediately preceding reporting period;
  that includes sufficient information to enable unit‑holders to understand the asset allocation at those times;
 (e) details of:
 (i) each investment that has a value in excess of 5% of the total assets of the pooled superannuation trust; and
 (ii) details of each combination of investments that the trustee knows or ought reasonably to know are invested, directly or indirectly, in a single enterprise or single group of associated enterprises and that have a combined value in excess of 5% of the total assets of the pooled superannuation trust;
 (f) in respect of the pooled superannuation