207PAYG points-based programs

207 PAYG 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) Column 2 must set out opposite each membership option described in column 1, the total purchase price of that membership option inclusive of any establishment fee and 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—any upfront finance costs related to obtaining finance including any establishment fee, finance application fee and other fees payable in relation to the financing arrangement; and

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

(5) Column 4 must set out the following information for the Accommodation Example opposite each membership option described in column 1:

(a) in column 4 subcolumn 1—the number of PAYG points needed;

(b) in column 4 subcolumn 2—the price of each PAYG point; and

(c) in column 4 subcolumn 3—the total cost of the PAYG points.