Corporations Regulations 2001

For paragraph 1017D(5)(g) of the Act, the prescribed details in relation to a superannuation product for which there is in force a notice under subregulation 6.17A(4) of the SIS Regulations, are:

the person, persons or class, or classes, of persons mentioned in the notice; and

the fact that, in accordance with the notice, the trustee will pay a benefit in respect of the member, on or after the death of the member, to the person, persons or class, or classes, of persons mentioned in the notice if:

the person, or each person, mentioned in the notice is the legal personal representative or a dependant of the member; and

the proportion of the benefit that will be paid to that person, or to each of those persons, is certain or readily ascertainable from the notice or a statement under regulation 6.17B of the SIS Regulations; and

the notice is in effect; and

the statement of the member about:

the proportion of the benefit that will be paid to the person, or to each person, mentioned in the notice; or

how that proportion is to be determined; and

the fact that the member may confirm, amend or revoke the notice in accordance with subregulation 6.17A(5) of the SIS Regulations; and

the date when the notice ceases to have effect under paragraph 6.17A(7)(a) or (b) of the SIS Regulations.

The periodic statement must also include information that the member may use to confirm, amend or revoke the notice.

In this regulation, a reference to a notice includes a reference to the notice as confirmed, or amended, under subregulation 6.17A(5) of the SIS Regulations.