Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) This Subdivision applies to:
(a) a person that is required to prepare a Product Disclosure Statement for a simple sub - fund product; and
(b) a Product Disclosure Statement for a simple sub - fund product.
(2) This Subdivision does not apply to the extent that the simple sub - fund product is a financial product (known as a "quoted product") that is, or is intended to be, traded on a declared financial market.
(3) This Subdivision does not apply to the extent that the simple sub - fund product relates to a financial product (known as a "stapled security") to which the following requirements apply:
(a) the product consists of interests in 2 or more financial products;
(b) the interests include at least one security in a CCIV;
(c) under the terms on which each of the interests is to be traded, the interests must be transferred together;
(d) there are no financial products in the same class as the interests that may be transferred separately .
(4) This Subdivision does not apply to the extent that the simple sub - fund product is a security in a CCIV (referable to a sub - fund of the CCIV) and the CCIV has a constitution that provides:
(a) that a member of the sub - fund may direct that an amount of money corresponding to part or all of the amount invested by the member in the sub - fund be invested in accessible investments; and
(b) that any distributions to members of the sub - fund will be determined by reference to amounts received by the CCIV in relation to the accessible investments acquired in accordance with the direction.