Corporations Regulations 2001

Section 5 of the Product Disclosure Statement for the simple sub‑fund product must describe, in the form of a summary, the investment options offered by the CCIV.

Section 5 must state, in the form of a warning, that the person should consider:

the likely investment return; and

the risk; and

the person’s investment time frame;

If the simple sub‑fund product has never previously been offered to investors, and the CCIV does not offer any investment option mentioned in subclauses (4) and (5), section 5 must give the following information for the investment option for the CCIV that the corporate director reasonably believes has the least volatile underlying assets (whether or not section 5 gives that information for any other investment option):

the name of the option and a short description of it, including the type of investors for whom it is intended to be suitable;

a list of the asset classes in which the option invests, setting out the strategic asset allocation of the asset classes in the form of a range or otherwise;

a description of the investment return objective of the option;

the minimum suggested time frame for holding the investment;

a description, in the form of a summary, of the risk level of the option.

If the CCIV has a balanced investment option (within the meaning given by clause 101 of Schedule 10), section 5 must give the following information for the balanced investment option (whether or not section 5 gives that information for any other investment option):

the name of the option and a short description of it, including the type of investors for whom it is intended to be suitable;

a list of the asset classes in which the option invests, setting out the strategic asset allocation of the asset classes in the form of a range or otherwise;

a description of the investment return objective of the option;

the minimum suggested time frame for holding the investment;

a description, in the form of a summary, of the risk level of the option.

If the CCIV does not have a balanced investment option (within the meaning given by clause 101 of Schedule 10), section 5 must give the following information for the investment option under which the CCIV has the most funds invested (whether or not section 5 gives that information for any other investment option):

the name of the option and a short description of it, including the type of investors for whom it is intended to be suitable;

a list of the asset classes in which the option invests, setting out the strategic asset allocation of the asset classes in the form of a range or otherwise;

a description of the investment return objective of the option;

the minimum suggested time frame for holding the investment;

a description, in the form of a summary, of the risk level of the option.

Section 5:

must make provision for each investment option that is not presented in section 5 in accordance with subclause (3), (4) or (5); and

may make provision for the option by applying, adopting or incorporating a matter in a document that:

includes the information mentioned in subclause (3), (4) or (5); and

presents it in the way mentioned in the subclause.

The CCIV:

must provide information about how a member of the sub‑fund of the CCIV may switch the member’s investments; and

must provide information about:

whether the CCIV’s investment options may be changed; and

if so, how the options may be changed; and

must describe, in the form of a summary, the extent to which labour standards or environmental, social or ethical considerations are taken into account in the selection, retention or realisation of investments relating to the CCIV; and

may provide the information in paragraphs (a) to (c), and any additional information about investment options, by applying, adopting or incorporating a matter in writing.