Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 7.9.23

    For paragraph   1017D(5)(g) of the Act, and in addition to regulations   7.9.19 and 7.9.22, if the amount of the benefits of a member in a capital guaranteed fund at the end of a reporting period is at least $10   000, the periodic statement for that reporting period must include the following details:

  (a)   a statement of that fact;

  (b)   a statement that the information contained in the periodic statement is important and that the notice must be read carefully;

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

  (d)   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.