General requirement
7.9.52 General requirement
For paragraph 1020G(2)(b) of the Act, subsections 1017D(2) and (4) of the Act are modified, in its application in relation to a person who ceases to hold a superannuation product or an RSA (other than a product issued by a capital guaranteed fund) by requiring the issuer of the product to give all information to:
if the person is alive—the person; or
if the person is deceased—each person receiving a benefit as a result of the person’s death;
that the trustee reasonably believes such a person would reasonably need for the purpose of understanding his or her investment in the financial product.
This Act’s bill:Explanatory statement
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