As at 1 December 2016, Zurich Investments managed investment schemes will cease to be distributed in New Zealand.
All references to New Zealand or other overseas investors in the Product Disclosure Statement and Additional Information Guide are no longer applicable. The information about "Anti-Money Laundering, Counter-Terrorism Financing Requirements, FATCA & Other Relevant Laws" in the Application Booklet is still applicable.
The following information is added to the Additional Information Guide:
Residency and applicable laws
Zurich Investments funds are designed for customers who are resident in Australia. If you move to another country outside of Australia, the fund may no longer be suitable for your individual needs, and you may no longer be eligible to make contributions into the fund. The local laws and regulations of the jurisdiction to which you move may affect Zurich Investments’ ability to continue to service your investment in accordance with its terms and conditions.
You need to tell Zurich Investments of any planned change in residency before the change happens.
We do not offer tax advice, so if you decide to live outside Australia, we recommend obtaining advice on the tax consequences of changing your country of residence in relation to your investment. We will not be held liable for any adverse tax consequences that arise in respect of you or your investment as a result of such a change in residence.
A change in residency might require Zurich Investments to suspend or terminate your investment accordingly.
We and other companies within the worldwide Zurich group of companies have obligations under Australian and foreign laws. Regardless of any other investment terms and conditions, Zurich Investments reserves the right to take any action (or not take any action) which could place us or another company within the group at risk of breaching Australian laws or laws in any other country.
All financial transactions are subject to compliance with applicable trade or economic sanctions laws and regulations.
Zurich Investments may terminate an investment where you are considered to be a sanctioned person, or you conduct an activity which is sanctioned, according to trade or economic sanctions laws and regulations.
Each investment is based on the legal and regulatory requirements applicable at the time the investment is issued. Should the legal and regulatory requirements change in a material way, Zurich Investments is entitled to adapt the terms and conditions to the changed legal and regulatory requirements, provided the change is lawful.