A product disclosure statement (PDS) is an important document that every prospective Owner/Member should read. Because timeshare is classed as a financial product, the Responsible Entity is required to provide a PDS to you whenever they recommend or offer Ownerships/Memberships.
A PDS covers the fine details – how that particular Club works, who the Responsible Entity and Developer are, how the Club is governed, what fees you might have to pay, and so on. Think about it like an instruction manual. It might be boring to read, but it contains all the information you need to make the most of your timeshare Ownership/Membership.