Get the free Product Disclosure Statement - Australian Unity Investments
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PRODUCE T DISCLOSURE STATEMENT 10 June 2015 Australian Unity Select Mortgage Income Fund Issued by: Australian Unity Funds Management Limited ABN 60 071 497 115 AFS License No. 234454 A contributory
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How to fill out product disclosure statement
How to fill out a product disclosure statement:
01
First, gather all the necessary information about the product you are disclosing. This includes details about the product features, risks, fees, and any other relevant information.
02
Start by providing a clear and concise introduction to the product disclosure statement. Include the name of the product, the purpose of the statement, and any legal requirements or regulations that apply.
03
Divide the body of the disclosure statement into sections, addressing each important aspect of the product. For example, create separate sections for product features, fees and charges, risks, terms and conditions, and any other relevant information.
04
Clearly define and explain each section in a simple and easy-to-understand language. Avoid using complicated jargon or technical terms that may confuse the reader. Use bullet points, headings, and subheadings to organize the information and make it more accessible.
05
Include any relevant disclaimers or legal information that consumers need to be aware of. Make sure to highlight any limitations or exclusions of liability to protect both the consumer and the product provider.
06
Consider including examples or case studies to illustrate how the product works or how it could be used in real-life situations. This can help consumers better understand the product and make informed decisions.
07
Provide clear instructions on how to take action or seek further information. Include contact details for the product provider or any relevant regulatory authorities that consumers can reach out to for assistance or clarification.
Who needs a product disclosure statement?
01
Financial institutions: Banks, insurance companies, and any other businesses that offer financial products or services are required by law to provide a product disclosure statement to their customers.
02
Retailers: Businesses that sell consumer products, especially those that come with specific warranties or guarantees, may also need to provide a product disclosure statement to inform customers about the product and its terms of use.
03
Service providers: Companies that offer services, such as telecommunications or utility providers, may be required to provide a product disclosure statement to outline the terms and conditions of the services they offer.
In summary, filling out a product disclosure statement requires gathering all the necessary information, organizing it into clear sections, using simple language, and providing examples and contact information for further assistance. This document is essential for financial institutions, retailers, and service providers to fulfill legal requirements and inform their customers about the products or services they offer.
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What is product disclosure statement?
A product disclosure statement is a document that provides details about a financial product or service to help consumers make informed decisions.
Who is required to file product disclosure statement?
Financial institutions, companies, or individuals offering financial products or services are required to file a product disclosure statement.
How to fill out product disclosure statement?
To fill out a product disclosure statement, the issuer needs to provide all relevant information about the product or service in a clear and concise manner.
What is the purpose of product disclosure statement?
The purpose of a product disclosure statement is to ensure transparency and clarity in financial transactions and help consumers understand the risks and benefits.
What information must be reported on product disclosure statement?
Information such as fees, charges, risks, benefits, terms and conditions, and other important details about the product or service must be reported on a product disclosure statement.
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