Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.9.30

Additional information for change to choices

  (1)   For paragraph   1017D(5)(g) of the Act, a periodic statement for a holder of a financial product must include, if relevant, either of the following details (in addition to the details mentioned in regulation   7.9.20 or 7.9.26, as appropriate):

  (a)   details of:

  (i)   other investment strategies available to the holder (if applicable); and

  (ii)   other contribution levels available to the holder; and

  (iii)   other insurance coverage available to the holder in relation to the financial product;

  (b)   a statement:

  (i)   that the details in paragraph   (a) are available on request from the responsible person; and

  (ii)   about how to ask for the details.

  (2)   The details or statement must relate to:

  (a)   an interest in the same sub - plan; or

  (b)   if there is no sub - plan--an interest in the same superannuation entity or an RSA.

  (3)   For paragraph   1020G(1)(c) of the Act, Part   7.9 of the Act is modified in its application in relation to a superannuation entity and an RSA provider as set out in Part   9 of Schedule   10A.


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