5
In forceContents of section 3 (Benefits of investing in [name of simple managed investment scheme])
Schedule 10EForm and content of Product Disclosure Statement—simple managed investment scheme
5 Contents of section 3 (Benefits of investing in [name of simple managed investment scheme])
(1)
Section 3 of the Product Disclosure Statement must, before setting out any other information, describe, in the form of a summary:
(a)
the significant features of the simple managed investment scheme; and
(b)
the significant benefits of the simple managed investment scheme.
(2)
The responsible entity may provide additional information about:
(a)
any feature or benefit of the simple managed investment scheme; or
(b)
other features and benefits of the simple managed investment scheme; or
(c)
other features and benefits of simple managed investment schemes;
by applying, adopting or incorporating a matter in writing.
This Act’s bill:Explanatory statement
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