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ASIC Corporations (Time-sharing Schemes) Instrument 2017/272
204The preamble
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Turn the raw legal text into a practical explanation grounded in ASIC Corporations (Time-sharing Schemes) Instrument 2017/272.
204 The preamble
The material in the preamble to the template should only include matters that are relevant to the interest or class of interest offered under the Product Disclosure Statement.
Example 1: If an interval-based program is for a fixed period, remove references to floating periods.
Example 2: If a points-based program does not offer different membership options, remove the reference to different membership options.
Example 3: If a financing arrangement is not offered, the preamble should be modified by removing references to financing.