Document ID: chunk:federal_register_of_legislation:F2023C00647:body:0:p2
Version: federal_register_of_legislation:F2023C00647
Segment Type: other
Provision Reference: 
Character Range: 2643–4613

of why the member's consent is being sought;
(e) how long the consent will last;
(f) information about the services that the member will be entitled to receive under the arrangement;
(g) as applicable:
              (i) where the cost is passed on to the member by way of deducting fees from the member's superannuation interest—a statement to that effect, including details of the interest;
              (ii) otherwise—an explanation of how the cost is passed on to the member, including details of the interest;
           (h) as applicable:
              (i) where subparagraph (g)(i) applies:
                  (A) the amount of the fees to be deducted from the member's superannuation interest; or
                  (B) if the amount of the fees cannot be determined—a reasonable estimate of the amount and an explanation of the method used to work out the estimate;
              (ii) where subparagraph (g)(ii) applies:
                  (A) the amount of the cost; or
                  (B) if the amount of the cost cannot be determined—a reasonable estimate of the amount of the cost and an explanation of the method used to work out the estimate;
(i) a statement to the effect that the member can withdraw their consent at any time before the cost is passed on to the member by contacting the fund.
(4) The written consent must be worded and presented in a clear, concise and effective manner.

Endnotes

Endnote 1—Instrument history

Instrument number  Date of FRL registration     Date of commencement  Application, saving or transitional provisions
2021/126           24/3/2021 (see F2021L00301)  1/7/2021
2023/512           28/6/23 (see F2023L00880)    29/6/2023

Endnote 2—Amendment history
ad. = added or inserted     am. = amended     LA = Legislation Act 2003    rep. = repealed     rs. = repealed and substituted
Provision affected   How affected
Section 2            rep. s48D LA
Section 5(3)(a)      am. 2023/512
Section 5(3)(c)      am. 2023/512