Corporations Regulations 2001

For the purposes of subsection 1017DA(1) of the Act, fund information must be provided, in accordance with this regulation, to the product holder, for each fund reporting period during which the holder holds the product.

The following provisions apply in relation to fund reporting periods:

each reporting period lasts for:

a period not exceeding 1 year, fixed by the issuer; or

a longer period fixed by ASIC on the application of the issuer to which the period relates;

the first reporting period starts when the holder acquired the product;

each subsequent reporting period starts at the end of the preceding reporting period.

Fund information for a fund reporting period must be provided as soon as practicable after, and in any event within 6 months after, the end of the reporting period.

Fund information in relation to a particular product holder need not all be provided in respect of the same fund reporting period.

The trustee must provide fund information for a fund reporting period to a product holder:

by making the fund information publicly available on the superannuation entity’s website; and

if the holder elects to have a hard copy or electronic copy of the fund information—by sending the fund information to the holder, in that form, until the holder notifies the trustee that a hard copy or electronic copy is no longer required.

Fund information for a fund reporting period must be readily accessible from the entity’s website.

Subregulations (6) and (7) do not apply to a self managed superannuation fund.