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This document supplements the Product Disclosure Statement (PDS) for the ANZ Loan Protection insurance, outlining changes such as an extended cooling-off period and privacy updates.
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How to fill out supplementary product disclosure statement
How to fill out SUPPLEMENTARY PRODUCT DISCLOSURE STATEMENT
01
Read the guidelines for the SUPPLEMENTARY PRODUCT DISCLOSURE STATEMENT (SPDS).
02
Gather all necessary information related to the primary product disclosure document.
03
Fill out the SPDS with clear and concise descriptions of any additional relevant information.
04
Ensure you include any changes that have occurred since the last product disclosure.
05
Double-check all entries for accuracy and completeness.
06
Submit the SPDS along with the primary product disclosure to the relevant authority or stakeholders.
Who needs SUPPLEMENTARY PRODUCT DISCLOSURE STATEMENT?
01
Consumers who are considering purchasing a financial product.
02
Financial advisors who provide guidance on investments.
03
Regulators who oversee compliance and transparency in financial services.
04
Companies that offer financial products and need to inform clients about changes or additional details.
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People Also Ask about
What needs to be included in a PDS?
All PDS documents include information about the issuer, benefits, risks, costs, return, dispute resolution and cooling off period for the financial product. The requirement to provide a PDS is contained in Part 7.9 of the Corporations Act 2001 (Cth) (CA 2001).
What are the elements of PDS?
Elements of a PDS should include (but may not be limited to) Performance – Gain, input impedance, S/N ratio – Measurable, Often conflict between different performance specifications. Environment – Temperature, pressure, noise level during mfg, storage, use. Service Life – What is the service life of the product?
What is included in a PDS?
A document that financial service providers must provide to you when they recommend or offer a financial product. It must include information about the product's key features, fees, commissions, benefits, risks and the complaints handling procedure.
How to write a product disclosure statement?
It must include information about the product's key features, fees, commissions, benefits, risks and the complaints handling procedure.
What should be included in a design specification?
A design specification could, for example, include required dimensions, environmental factors, ergonomic factors, aesthetic factors, maintenance requirement, etc. It may also give specific examples of how the design should be executed, helping others work properly (a guideline for what the person should do).
What is a PDS statement?
A Product Disclosure Statement (PDS) is an important legal document that contains all the information regarding your policy. Your PDS includes information regarding your policies key features, covers, exclusions, claims information and our complaints handling procedures.
What is required in a PDS?
All PDS documents include information about the issuer, benefits, risks, costs, return, dispute resolution and cooling off period for the financial product.
What is a supplementary product disclosure statement?
A Supplementary Product Disclosure Statement is a document by which a person who has prepared a Product Disclosure Statement (the PDS ) can: (a) correct a misleading or deceptive statement in the PDS; or. (b) correct an omission from the PDS of information it is required to contain; or.
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What is SUPPLEMENTARY PRODUCT DISCLOSURE STATEMENT?
A Supplementary Product Disclosure Statement (SPDS) is an additional document that provides extra information about a financial product that may not have been included in the primary Product Disclosure Statement (PDS). It is intended to ensure that consumers have access to important information that can affect their decision-making.
Who is required to file SUPPLEMENTARY PRODUCT DISCLOSURE STATEMENT?
Organizations that offer financial products, such as managed investment schemes, insurance products, or other investment opportunities, are required to file a Supplementary Product Disclosure Statement if there are significant changes to the product or the information previously provided that could affect investors.
How to fill out SUPPLEMENTARY PRODUCT DISCLOSURE STATEMENT?
To fill out a Supplementary Product Disclosure Statement, you should include details about the changes or new information regarding the financial product. This includes a clear description of the changes, any associated risks, and how these changes affect the cost or features of the product. It's important to format the document in a way that is consistent with the original PDS.
What is the purpose of SUPPLEMENTARY PRODUCT DISCLOSURE STATEMENT?
The purpose of a Supplementary Product Disclosure Statement is to provide additional, relevant information to consumers regarding their investment choices, ensuring they are fully informed and able to make decisions based on the most current information available.
What information must be reported on SUPPLEMENTARY PRODUCT DISCLOSURE STATEMENT?
The information reported on a Supplementary Product Disclosure Statement must include any significant changes to the product, new fees or charges, updated risks, and alterations to benefits or features of the financial product. Additionally, it should address how these changes impact existing and potential investors.
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