Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p15
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 15/43)
Character Range: 1302811–1305518

to Product Disclosure Statements issued on or after 1 July 2006; and
 (c) in relation to securities in a CCIV:
 (i) to periodic statements (including exit statements) in relation to a reporting period commencing on or after 1 July 2022; and
 (ii) to Product Disclosure Statements issued on or after 1 July 2022.

Subdivision 4C.2—Product Disclosure Statements

7.9.16L  More detailed information about fees and costs
 (1) For paragraph 1013D(4)(c) of the Act, a Product Disclosure Statement must include the details of fees and costs set out in Part 2 of Schedule 10.
 (2) This regulation does not apply if the Product Disclosure Statement is for:
 (a) a standard margin lending facility; or
 (b) a superannuation product to which Subdivision 4.2B of Division 4 of this Part applies; or
 (c) a simple managed investment scheme to which Subdivision 4.2C of Division 4 of this Part applies; or
 (d) a simple sub‑fund product to which Subdivision 4.2D of Division 4 of this Part applies.

7.9.16M  Modification of section 1015C of the Act
  For paragraph 1020G(1)(c) of the Act, Part 7.9 of the Act applies in relation to a product mentioned in regulation 7.9.16J as if paragraph 1015C(5)(b) of the Act were modified to omit the words 'that is to be given in electronic form'.

7.9.16N  Presentation, structure and format of fees and costs in Product Disclosure Statements
 (1) For paragraph 1015C(5)(b) of the Act, the information required by paragraphs 1013D(1)(d) and (e) of the Act must be set out in a single section of the Product Disclosure Statement (fees section) with the heading 'Fees and other costs'.
 (2) The fees section of a Product Disclosure Statement must include:
 (a) the Fees and Costs Template, comprising the template and the additional explanation of fees and costs set out in Part 2 of Schedule 10; and
 (b) an example of annual fees and costs and associated notes as set out in Part 2 of Schedule 10; and
 (c) the boxed Consumer Advisory Warning Statement set out in Part 2 of Schedule 10.

Subdivision 4C.3—Periodic statements

7.9.16O  Presentation, structure and format of fees and charges in periodic statements
 (1) For paragraph 1020G(1)(c) of the Act, Part 7.9 of the Act applies in relation to a product mentioned in regulation 7.9.16J as if section 1017D of the Act were modified to add, after subsection (7):
 '(8) The regulations may specify requirements as to the presentation, structure and format of a periodic statement.'.
 (2) For subsection 1017D(8) of the Act, the information required by paragraph 1017D(5)(c) of the Act must be set out in the periodic statement:
 (a) in the manner specified in Part 3 of Schedule 10; and
 (b) using the terminology used in Part 3