ASIC Corporations (Time-sharing Schemes) Instrument 2017/272
227Cost of Product Information
Start here
Get a plain-English read of 227
Turn the raw legal text into a practical explanation grounded in ASIC Corporations (Time-sharing Schemes) Instrument 2017/272.
227 Cost of Product Information
(1) The Cost of Product Information must:
(a) be included in the fees section of the Product Disclosure Statement, following the Example of Annual Fees and Costs;
(b) be set out using the headings and the form and contain fees and costs in accordance with the table in:
(i) clause 224 for allocation points-based programs;
(ii) clause 225 for PAYG points-based programs;
(iii) clause 226 for interval-based programs;
(c) set out each membership option offered under the Product Disclosure Statement in a separate row in the table;
(d) be calculated in accordance with the methods set out in the Example of Annual Fees and Costs.
(2) If interests in more than one program are offered under the Product Disclosure Statement (for example an allocation points-based program and a PAYG points-based program), the Product Disclosure Statement must contain a Cost of Product Information for each program.
(3) The Cost of Product Information is not required to be included in a Product Disclosure Statement if only one membership option is available under the Product Disclosure Statement and that membership option is included in the Product Disclosure Statement in the Example of Annual Fees and Costs in accordance with Division 5.