Additional information for change to choices
7.9.30 Additional information for change to choices
For paragraph 1017D(5)(g) of the Act, a periodic statement for a holder of a financial product must include, if relevant, either of the following details (in addition to the details mentioned in regulation 7.9.20 or 7.9.26, as appropriate):
details of:
other investment strategies available to the holder (if applicable); and
other contribution levels available to the holder; and
other insurance coverage available to the holder in relation to the financial product;
a statement:
that the details in paragraph (a) are available on request from the responsible person; and
about how to ask for the details.
The details or statement must relate to:
an interest in the same sub‑plan; or
if there is no sub‑plan—an interest in the same superannuation entity or an RSA.
For paragraph 1020G(1)(c) of the Act, Part 7.9 of the Act is modified in its application in relation to a superannuation entity and an RSA provider as set out in Part 9 of Schedule 10A.
This Act’s bill:Explanatory statement
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