Part 79 of the Regulations applies in relation to interests in a registered time-sharing scheme as if the provisions of that Part were modified or varied as follows:

Part 7.9 of the Regulations applies in relation to interests in a registered time-sharing scheme as if the provisions of that Part were modified or varied as follows:

(1) omit subregulation 7.9.16N(2) of the Regulations, substitute:

“(2) Subject to subregulation (3), the fees section of a Product Disclosure Statement for an interest in a registered time-sharing scheme must include:

(a) the applicable Purchase Price and Upfront Fees and Costs Summary set out in Division 1 of Part 2 of Schedule 10;

(b) the Fees and Costs Summary set out in Division 3 of Part 2 of Schedule 10;

(c) the Example of Annual Fees and Costs set out in Division 5 of Part 2 of Schedule 10;

(d) the applicable Cost of Product Information set out in Division 6A of Part 2 of Schedule 10;

(e) the boxed Consumer Advisory Warning set out in Division 7A of Part 2 of Schedule 10; and

(f) the Additional Explanation of Fees and Costs set out in Division 8 of Part 2 of Schedule 10.

(3) The responsible entity for the scheme may replace any of the following defined words or expressions used in Part 2 of Schedule 10 with a corresponding word or expression used by the responsible entity in relation to the scheme:

(a) allocation points-based program;

(b) interval-based program;

(c) PAYG membership;

(d) PAYG points;

(e) PAYG points-based program;

(f) point;

(g) point-based program.”;

(2) omit Schedule 10 to the Regulations, substitute: