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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.9 - FINANCIAL PRODUCT DISCLOSURE AND OTHER PROVISIONS RELATING TO ISSUE, SALE AND PURCHASE OF FINANCIAL PRODUCTS    View history reference

Division 3 - Other disclosure obligations of the issuer of a financial product    View history reference

SECTION 1017DA  TRUSTEES OF SUPERANNUATION ENTITIES - REGULATIONS MAY SPECIFY ADDITIONAL OBLIGATIONS TO PROVIDE INFORMATION  

 View history reference

1017DA(1)  [Scope]  


The regulations may:


(a) require the trustee of a superannuation entity to do all or any of the following:


(i) provide information to the holder of a superannuation product (being an interest in that entity) with information relating to the management, financial condition and investment performance of the entity and/or of any relevant sub-plan (within the meaning of section 1017C);

(ii) provide information to the holder or former holder of a superannuation product (being an interest in that entity), or to any other person to whom benefits under the product are payable, with information relating to his or her benefit entitlements;

(iii) provide information to the holder of a superannuation product (being an interest in the entity) with information about arrangements for dealing with inquiries and/or complaints relating to the product; or


(b) require an RSA provider to do either or both of the following:


(i) provide information to the holder or former holder of an RSA product provided by the RSA provider, or to any other person to whom benefits under the product are payable, with information relating to his or her benefit entitlements;

(ii) provide information to the holder of an RSA product provided by the RSA provider with information about arrangements for dealing with inquiries and/or complaints relating to the product.

1017DA(2)  [Information]  


Without limiting subsection (1), regulations made for the purposes of that subsection may deal with all or any of the following:


(a) what information is to be provided;


(b) when information is to be provided;


(c) how information is to be provided.

1017DA(3)  [Provision of information]  


The trustee of a superannuation entity, or an RSA provider, must provide information in accordance with any applicable requirements of regulations made for the purposes of subsection (1).

Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).

[CCH Note: For s 1017DA(3A)-(3C), see Corporations Regulations Schedule 10A, Part 14 - Modifications relating to obligation to give information about financial products, item 14.4]

1017DA(4)  [Definitions]  


In this section:

RSA provider has the same meaning as in the Retirement Savings Accounts Act 1997.

superannuation entity has the same meaning as in the Superannuation Industry (Supervision) Act 1993.


 



This information is provided by CCH Australia Limited. View the disclaimer and notice of copyright.
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