Corporations Regulations 2001

Section 7 of the Product Disclosure Statement must describe, in the form of a summary, the significant tax information relating to superannuation products, including:

how tax amounts due are paid; and

the main taxes that are payable in relation to contributions (if contributions are permitted), fund earnings and withdrawals.

Section 7 must:

state, in the form of a warning, that the person should provide the person’s tax file number as part of acquiring the superannuation product; and

explain, in the form of a summary, the consequences if the person does not provide the person’s tax file number; and

if contributions are permitted—set out a warning that there will be taxation consequences if the contribution caps applicable to superannuation are exceeded.

The superannuation trustee may provide additional information about taxation matters relating to superannuation products by applying, adopting or incorporating a matter in writing.