Corporations Regulations 2001
Modifying legislative instruments
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.
View history note
Hide history noteModifying legislative instruments: Schedule 10D is modified by the following legislative instruments that commenced on or after 1 January 2022: the ASIC Corporations (Removing Barriers to Electronic Disclosure) Instrument 2015/649 (commenced before 1 January 2022 but modification commenced after 1 January 2022 due to amendments made to 2015/649 by the ASIC Corporations (Amendment) Instrument 2022/940).
Schedule 10D is also modified by the ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070.
For other modifying legislative instruments or class orders, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.