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 5 - Ongoing requirements for product disclosure after person becomes a member  

Subdivision 5.5 - Fund information for retail clients for financial products that have an investment component: superannuation  

REGULATION 7.9.32   FUND INFORMATION MUST BE PROVIDED FOR EACH FUND REPORTING PERIOD  

7.9.32(1)    


For the purposes of subsection 1017DA(1) of the Act, fund information must be provided, in accordance with this regulation, to the product holder, for each fund reporting period during which the holder holds the product.

7.9.32(2)    
The following provisions apply in relation to fund reporting periods:

(a)    each reporting period lasts for:


(i) a period not exceeding 1 year, fixed by the issuer; or

(ii) a longer period fixed by ASIC on the application of the issuer to which the period relates;

(b)    the first reporting period starts when the holder acquired the product;

(c)    each subsequent reporting period starts at the end of the preceding reporting period.


7.9.32(3)    


Fund information for a fund reporting period must be provided as soon as practicable after, and in any event within 6 months after, the end of the reporting period.

7.9.32(4)    
(Repealed by FRLI No F2023L00990, Sch 1 [ 10] (effective 8 July 2023).)

7.9.32(5)    


Fund information in relation to a particular product holder need not all be provided in respect of the same fund reporting period.

Fund information must be provided on website and, if holder elects, in hard copy or electronic copy

7.9.32(6)    


The trustee must provide fund information for a fund reporting period to a product holder:

(a)    by making the fund information publicly available on the superannuation entity ' s website; and

(b)    if the holder elects to have a hard copy or electronic copy of the fund information - by sending the fund information to the holder, in that form, until the holder notifies the trustee that a hard copy or electronic copy is no longer required.


7.9.32(7)    


Fund information for a fund reporting period must be readily accessible from the entity ' s website.

7.9.32(8)    


Subregulations (6) and (7) do not apply to a self managed superannuation fund.



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