Corporations Regulations 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.9 - FINANCIAL PRODUCT DISCLOSURE AND OTHER PROVISIONS RELATING TO ISSUE AND SALE OF FINANCIAL PRODUCTS  

Division 4 - Content of Product Disclosure Statements  

Subdivision 4.2D - Content of Product Disclosure Statement for simple sub-fund products  

REGULATION 7.9.11ZA   APPLICATION OF THIS SUBDIVISION  

7.9.11ZA(1)    
This Subdivision applies to:

(a)    a person that is required to prepare a Product Disclosure Statement for a simple sub-fund product; and

(b)    a Product Disclosure Statement for a simple sub-fund product.

7.9.11ZA(2)    
This Subdivision does not apply to the extent that the simple sub-fund product is a financial product (known as a " quoted product " ) that is, or is intended to be, traded on a prescribed financial market.

7.9.11ZA(3)    
This Subdivision does not apply to the extent that the simple sub-fund product relates to a financial product (known as a " stapled security " ) to which the following requirements apply:

(a)    the product consists of interests in 2 or more financial products;

(b)    the interests include at least one security in a CCIV;

(c)    under the terms on which each of the interests is to be traded, the interests must be transferred together;

(d)    there are no financial products in the same class as the interests that may be transferred separately.

7.9.11ZA(4)    
This Subdivision does not apply to the extent that the simple sub-fund product is a security in a CCIV (referable to a sub-fund of the CCIV) and the CCIV has a constitution that provides:

(a)    that a member of the sub-fund may direct that an amount of money corresponding to part or all of the amount invested by the member in the sub-fund be invested in accessible investments; and

(b)    that any distributions to members of the sub-fund will be determined by reference to amounts received by the CCIV in relation to the accessible investments acquired in accordance with the direction.