Modifications relating to periodic statements for superannuation entities and RSA providers
Part 9 Modifications relating to periodic statements for superannuation entities and RSA providers
9.1 After subsection 1017C(7)
insert
If:
a concerned person requests information under subsection (2) or (3) in relation to a facility, under the concerned person’s existing holding of a superannuation product, to modify:
an investment strategy; or
a contribution level; or
insurance coverage; and
the information has not already been given in a periodic statement or in accordance with other periodic reporting requirements under Division 3;
it is sufficient compliance with a requirement imposed by this section if the responsible person provides an up to date Product Disclosure Statement that includes information on the ability and effect of making the modification.
This Act’s bill:Explanatory statement
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