Corporations Regulations 2001

Section 2 of the Product Disclosure Statement must describe, in the form of a summary:

how the simple managed investment works; and

the interests that members acquire.

Section 2 must:

if applicable—describe, in the form of a summary, the minimum investment amounts; and

provide information about the structure of the simple managed investment scheme; and

state, in general terms, that the price of interests will vary as the market value of assets in the simple managed investment scheme rises or falls; and

describe, in the form of a summary, how members can increase or decrease their investment by acquiring interests or disposing of interests; and

state, in general terms, that in some circumstances, such as when there is a freeze on withdrawals, members may not be able to withdraw their funds within the usual period upon request; and

describe the frequency of distributions and explain how distributions are calculated.

The responsible entity:

may provide more detailed information on the acquisition and disposal of interests; and

may provide the information by applying, adopting or incorporating a matter in writing.