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Hear this out loud PauseYou must be given the PDS before you invest in the financial product. Every PDS has a key information summary at the front of the document.
Hear this out loud PauseA document that financial service providers must provide to you when they recommend or offer a financial product. It must include information about the products key features, fees, commissions, benefits, risks and the complaints handling procedure.
It must include information about the products key features, fees, commissions, benefits, risks and the complaints handling procedure.
Key Takeaways A disclosure statement is a financial document given to a participant in a transaction explaining key information in plain language. Disclosure statements for retirement plans must clearly spell out who contributes to the plan, contribution limits, penalties, and tax status.
Hear this out loud PauseFor example, a PDS for a car insurance policy could explain how the value of your car would be assessed if you had an accident where it could not be repaired, or a home insurance PDS could explain how leaving your door unlocked could affect your chances of being covered if there was a robbery.
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A Product Disclosure Statement (PDS) provides you with essential information to help you decide whether to invest in a financial product. It uses clear language to explain the product and replaces older forms of financial product disclosure information such as investment statements and prospectuses.
The PDS must be given at or before the time when the regulated person makes the offer, or issues the financial product, to the person and must be given in ance with this Division.
Hear this out loud PauseA 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.

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