Corporations Regulations 2001

SCHEDULE 10D - FORM AND CONTENT OF PRODUCT DISCLOSURE STATEMENT - SUPERANNUATION PRODUCT TO WHICH SUBDIVISION 4.2B OF DIVISION 4 OF PART 7.9 APPLIES  

( regulation 7.9.11O )

11   Contents of section 9 (How to open an account)  

11(1)    
Section 9 of the Product Disclosure Statement must, if applicable:

(a) describe, in the form of a summary, how to open an account with the superannuation provider; and

(b) explain the cooling-off period that applies to the superannuation product; and

(c) explain how to make a complaint (by means that include the provision of relevant contact details).

Note The effect of subclause 10(1) is that the Product Disclosure Statement is not required to include section 8 (as set out in clause 10) if the superannuation product does not offer insurance cover. In that case, subclause 2(2) allows the Statement to present the information in this clause as " section 8 " or " section 9 " .

11(2)    
The superannuation trustee:

(a) may provide more detailed information about cooling-off periods, complaints and dispute resolution; and

(b) may provide that information by applying, adopting or incorporating a matter in writing.