Corporations Regulations 2001

Section 2 of the Product Disclosure Statement for the simple sub‑fund product must describe, in the form of a summary:

how the CCIV and the sub‑fund of the CCIV work; and

the rights and interests that members of the sub‑fund of the CCIV 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 CCIV and the sub‑fund of the CCIV; and

state, in general terms, that the value of securities will vary as the market value of the assets of the sub‑fund of the CCIV rise or fall; and

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

state, in general terms, that in some circumstances, such as when there is a freeze on redemptions, members of the sub‑fund may not be able to redeem shares or dispose of securities within the usual period upon request; and

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

The CCIV:

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

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