ASIC Corporations (Time-sharing Schemes) Instrument 2017/272

What do you have to pay upfront for PAYG membership and to buy PAYG points?

[Insert membership option name] membership is a PAYG membership. Under this membership option you will need to pay the upfront PAYG membership cost and then buy PAYG points each time you want to stay at scheme accommodation for a specified term.

The Purchase Price and Upfront Fees and Costs Summary table below shows how many PAYG points are currently required under each of the PAYG membership options and how much this will cost to secure the following Accommodation Example.

Accommodation Example

Accommodation [Insert description of most popular accommodation, including details of the resort location and room type]

Period of stay [Insert dates]

PAYG points required [Insert number]

[Insert this paragraph if relevant] The table also shows you the upfront fees if you choose to enter into a financing arrangement facilitated by the responsible entity. You may choose to obtain your own financing which is subject to fees and costs not disclosed in this table.

You can find information about the key features of different membership options at [insert page number].

Purchase Price and Upfront Fees and Costs Summary

Membership option Total purchase price (incl. fees)1

[Insert column if relevant] Additional amounts under financing arrangement2 Purchase price of PAYG points for Accommodation Example under each membership option3

Upfront finance costs Total cost of points (incl. upfront finance costs) PAYG points needed Price per PAYG point Total cost of PAYG points [Insert membership option(s)] 1 This includes an establishment fee of [insert amount]. The proceeds from the purchase price will be paid to [insert details of payee]. For further information, refer to the Additional Explanation of Fees and Costs at [insert page(s)].

2 [Insert paragraph if relevant] The Additional amounts under financing arrangement includes an establishment fee of [insert amount], [insert name of any other fee and amount] and finance application fee of [insert amount] if you choose to enter into a financing arrangement facilitated by the responsible entity. For further information, refer to the Additional Explanation of Fees and Costs at [insert page(s)].

3 The Accommodation Example used in this table is set out above and is provided to help you understand what it will cost you to stay at our most popular accommodation choice for one week during the high season for each PAYG membership option. This example is for illustrative purposes only and there is no guarantee that specific accommodation will be available for the dates used in the example. The number of PAYG points you will need to buy to stay at particular scheme accommodation might depend on many factors including the location, facilities, duration of stay, time of year and the days of the week of a stay. You can find a full list of the number and value of PAYG points currently needed for each accommodation choice at [insert cross-reference to location of this information].