Corporations Regulations 2001

Subject to subclause 10(1), the Product Disclosure Statement must include sections which must be numbered and titled as follows:

However, if the superannuation product does not offer insurance cover:

section 9 may be presented as section 8; and

if section 9 is presented as section 8—a reference in clause 11 to section 9 is taken to be a reference to section 8.

The Product Disclosure Statement must include:

a table of contents that sets out the titles mentioned in subclause (1); and

the telephone number of the superannuation trustee to enable a person who acquires the superannuation product to request a copy of the following under regulation 7.9.11R:

a copy of the Statement; and

a copy of a matter in writing that is applied, adopted or incorporated by the Statement.

The Product Disclosure Statement must:

advise a person reading the Statement that:

it is a summary of significant information and contains a number of references to important information (each of which forms part of the Statement); and

the person should consider that information before making a decision about the product; and

the information provided in the Statement is general information only and does not take account of the person’s personal financial situation or needs; and

the person should obtain financial advice tailored to the person’s personal circumstances; and

display the advice:

at or near the beginning of the document; and

in a prominent position and style.

The Product Disclosure Statement:

may include additional sections after sections 1 to 9; and

may include other information;

The Product Disclosure Statement does not need to indicate that a particular requirement is not applicable to the superannuation product.

The Act, as modified in accordance with Subdivision 4.2B of Division 4 of Part 7.9, requires information to be included in the Product Disclosure Statement only to the extent to which the requirement is applicable to the superannuation product.