Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1017ba:p1
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1017BA (pt 1/2)
Character Range: 4393323–4396036

1017BA  Trustees of regulated superannuation funds—obligation to make product dashboard publicly available
 (1) The trustee, or the trustees, of a regulated superannuation fund that has 7 or more members must ensure:
 (a) that a product dashboard for each of the fund's MySuper products and choice products is publicly available at all times on the fund's website; and
 (b) that each product dashboard sets out the information required by subsection (2) or (3); and
 (c) that the information set out in each product dashboard about fees and other costs is updated within 14 days after the end of a period prescribed by the regulations; and
 (d) that the other information set out in each product dashboard is updated within 14 days after any change to the information; and
 (e) if the regulations prescribe the way in which information is to be set out in a product dashboard—that each product dashboard sets out the information in accordance with the regulations.
 (2) The product dashboard for a MySuper product must set out:
 (a) the following, worked out in accordance with the regulations in relation to the period or periods prescribed by the regulations:
 (i) a return target or return targets for the product;
 (ii) a return or returns for the product;
 (iii) a comparison or comparisons between return targets and returns for the product;
 (iv) the level of investment risk that applies to the product;
 (v) a statement of fees and other costs in relation to the product; and
 (b) any other information prescribed by the regulations.
 (3) Subject to subsection (4), the product dashboard for a choice product must set out:
 (a) the following for each investment option offered within the choice product, worked out in accordance with the regulations in relation to the period or periods prescribed by the regulations:
 (i) a return target or return targets for the investment option;
 (ii) a return or returns for the investment option;
 (iii) a comparison or comparisons between return targets and returns for the investment option;
 (iv) the level of investment risk that applies to the investment option;
 (v) a statement of fees and other costs in relation to the investment option; and
 (b) any other information prescribed by the regulations.
 (4) Subsection (3) does not apply to an investment option within a choice product if:
 (a) the assets of the fund that are invested under the option are invested only in one or more of the following:
 (i) a life policy under which contributions and accumulated earnings may not be reduced by negative investment returns or any reduction in the value of assets in which the policy is invested;
 (ii) a life policy under which the benefit to a member (or a