Of course, none of them are understandable to Mr, Mrs or Ms Average. Why not? Because all fund documents - especially Product Disclosure documents - have to be COMPLIANT to ensure they make ASIC requirements - particularly to avoid 'non-disclosure'.

So you get umpteen pages of long-winded explanations of nausea-inducing and largely irrelevant detail. Well, ASIC, you can't have it both ways. Even if you think you can.

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