Document ID: chunk:federal_register_of_legislation:F2024C01249:clause:10d_2
Version: federal_register_of_legislation:F2024C01249
Segment Type: clause
Provision Reference: sch 10D cl 2
Character Range: 2307474–2309985

2  Minimum content of Product Disclosure Statement for superannuation product
 (1) Subject to subclause 10(1), the Product Disclosure Statement must include sections which must be numbered and titled as follows:
 1. About [name of superannuation product]
 2. How super works
 3. Benefits of investing with [name of superannuation product]
 4. Risks of super
 5. How we invest your money
 6. Fees and costs
 7. How super is taxed
 8. Insurance in your super
 9. How to open an account.
 (2) However, if the superannuation product does not offer insurance cover:
 (a) section 9 may be presented as section 8; and
 (b) if section 9 is presented as section 8—a reference in clause 11 to section 9 is taken to be a reference to section 8.
 (3) The Product Disclosure Statement must include:
 (a) a table of contents that sets out the titles mentioned in subclause (1); and
 (b) the telephone number of the superannuation trustee to enable a person who acquires the superannuation product to request a copy of the following under regulation 7.9.11R:
 (i) a copy of the Statement; and
 (ii) a copy of a matter in writing that is applied, adopted or incorporated by the Statement.
 (4) The Product Disclosure Statement must:
 (a) advise a person reading the Statement that:
 (i) it is a summary of significant information and contains a number of references to important information (each of which forms part of the Statement); and
 (ii) the person should consider that information before making a decision about the product; and
 (iii) the information provided in the Statement is general information only and does not take account of the person's personal financial situation or needs; and
 (iv) the person should obtain financial advice tailored to the person's personal circumstances; and
 (b) display the advice:
 (i) at or near the beginning of the document; and
 (ii) in a prominent position and style.
 (5) The Product Disclosure Statement:
 (a) may include additional sections after sections 1 to 9; and
 (b) may include other information;
to an extent that does not have the effect of contravening subclause 1(1).
 (6) The Product Disclosure Statement does not need to indicate that a particular requirement is not applicable to the superannuation product.
Note: The Act, as modified in accordance with Subdivision 4.2B of Division 4 of Part 7.9, requires information to be included in the Product Disclosure Statement only to the extent to which the requirement is applicable to the superannuation product.