Length and font size for Product Disclosure Statement for standard margin lending facility
1 Length and font size for Product Disclosure Statement for standard margin lending facility
The length of a Product Disclosure Statement for a standard margin lending facility (not including any title page, table of contents or matter in writing that is applied, adopted or incorporated by the Statement) must not exceed:
if it is printed on A4 pages—4 pages; or
if it is printed on A5 pages—8 pages; or
if it is printed on DL pages—12 pages; or
otherwise—if it is formatted to be printed on A4 pages, 4 A4 pages.
The minimum font size for text in the Statement is:
for the name, address, ABN (if applicable), ACN (if applicable) and AFSL (if applicable) of the person giving the Statement—8 points; and
for all other text—9 points.
The Product Disclosure Statement must be worded and presented in a clear, concise and effective manner—see subsection 1013C(3) of the Act.
A person required to a give a Product Disclosure Statement to a vision‑impaired person must comply with its obligations under the Disability Discrimination Act 1992.
This Act’s bill:Explanatory statement
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