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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