206Allocation points-based programs

206 Allocation points-based programs

(1) Column 1 of the template must set out each membership option offered under the Product Disclosure Statement in a separate row.

(2) Opposite each membership option described in column 1, column 2 must set out:

(a) in column 2 subcolumn 1—the points or range of points required;

(b) in column 2 subcolumn 2—the price of each point; and

(c) in column 2 subcolumn 3—the total cost of the points inclusive of the establishment fee and any other fees payable in relation to the purchase of points.

(3) If there is no financing arrangement offered, column 3 and footnote 2 should be removed.

(4) If a financing arrangement is offered, column 3 must set out opposite each membership option described in column 1:

(a) in column 3 subcolumn 1—the total amount of any upfront finance costs related to obtaining finance facilitated by the responsible entity including any establishment fee, finance application fee and other fees payable in relation to the financing arrangement; and

(b) in column 3 sub column 2—the sum of the amounts in column 2 sub column 3, and column 3 sub column 1.