Contents of section 7 (How to apply)
9 Contents of section 7 (How to apply)
Section 7 of the Product Disclosure Statement for a standard margin lending facility must include:
information about how to apply for the standard margin lending facility; and
a short summary about the dispute resolution system the provider of the standard margin lending facility has for dealing with disputes or complaints about the loan, including:
how a borrower for the loan may make a complaint about the loan; and
contact details for making a complaint about the loan.
The standard margin lending facility provider:
may provide more detailed information about cooling‑off periods, complaints and dispute resolution; and
may provide that information by applying, adopting or incorporating a matter in writing.
This Act’s bill:Explanatory statement
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