Corporations Regulations 2001

Section 7 of the Product Disclosure Statement must state, in the form of a warning, that:

investing in a registered scheme is likely to have tax consequences; and

persons are strongly advised to seek professional tax advice.

Section 7 must also include statements to the following effect:

registered schemes do not pay tax on behalf of members;

members are assessed for tax on any income and capital gains generated by the registered scheme.

The responsible entity may provide additional information about:

taxation matters relating to the registered scheme; or

taxation matters relating to registered schemes;