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 5.7 - Fund information for retail clients for financial products that have an investment component: fund information for pooled superannuation trusts  

REGULATION 7.9.42   SPECIFIC REQUIREMENTS IN PARTICULAR CASES  

7.9.42(1)    

Subject to subregulations (2) and (3) , fund information includes the following, so far as they are applicable:

(a)    in respect of the pooled superannuation trust - the names of investment managers appointed by the trustee;

(b)    the name of each approved trustee of the pooled superannuation trust during the relevant reporting period;

(c) (Repealed)

(d)    in respect of the pooled superannuation trust - a statement of assets as at the end of:

(i) the relevant reporting period; and

(ii) the immediately preceding reporting period;

that includes sufficient information to enable unit-holders to understand the asset allocation at those times;

(e)    details of:

(i) each investment that has a value in excess of 5% of the total assets of the pooled superannuation trust; and

(ii) details of each combination of investments that the trustee knows or ought reasonably to know are invested, directly or indirectly, in a single enterprise or single group of associated enterprises and that have a combined value in excess of 5% of the total assets of the pooled superannuation trust;

(f)    in respect of the pooled superannuation trust - the effective rate of net earnings of the pooled superannuation trust in the most recent reporting periods that, in total, constitute a period of at least 3 years;

(g)    

the information about costs of transactions mentioned in regulation 7.9.75 ;

(h)    details of any penalties imposed on the trustee under:

(i) section 38A of the SIS Act; or

(ii) section 182 of the RSA Act.

7.9.42(2)    
A nil amount need not be disclosed.

7.9.42(3)    
For subparagraph (1)(e)(ii) , investments in a trust are taken not to be invested in the trustee of the trust.

7.9.42(4)    
(Repealed by FRLI No F2023L00990, Sch 1 [ 24] (effective 8 July 2023).)