Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.9.22

Specific requirements: capital guaranteed funds and RSAs

  (1)   For paragraph   1017D(5)(g) of the Act, and in addition to regulations   7.9.19 and 7.9.20, a periodic statement for a member of a capital guaranteed fund must include the following details:

  (a)   a statement that outlines the means by which the fund is to be maintained as a capital guaranteed fund and sets out the name of the institution providing the investments that back the fund;

  (b)   a statement that outlines the effect of the lower - risk/lower - return nature of the product on possible benefits in the long term;

  (c)   a statement that the member may wish to consider:

  (i)   other superannuation arrangements that may provide a greater return over the long term; and

  (ii)   seeking advice on alternative investment arrangements that may be more suitable.

  (2)   For paragraph   1017D(5)(g) of the Act, and in addition to regulation   7.9.19, a periodic statement for an RSA holder must include the following details:

  (a)   a statement that outlines the effect of the lower - risk/lower - return nature of the product on possible benefits in the long term;

  (b)   a suggestion that the RSA holder may wish to consider:

  (i)   other superannuation arrangements that may provide a greater return over the long term; and

  (ii)   seeking advice on alternative investment strategies that may be more suitable.


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