Document ID: chunk:federal_register_of_legislation:C2025C00134:section:29va:p1
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 29VA (pt 1/4)
Character Range: 240880–243307

29VA  Charging rules
 (1) The trustee, or the trustees, of a regulated superannuation fund that offers a MySuper product may only charge a fee in relation to the MySuper product during a period if it satisfies one of the charging rules set out in this section in relation to that period.

All MySuper members charged same flat fee
 (2) This rule is satisfied if:
 (a) the fee is charged in relation to all members of the fund who hold the MySuper product; and
 (b) the amount of the fee is the same for each of those members.

All MySuper members charged same percentage of account balance
 (3) This rule is satisfied if:
 (a) the fee is charged in relation to all members of the fund who hold the MySuper product; and
 (b) the amount of the fee charged in relation to one member is a percentage of so much of the member's account balance with the fund that relates to the MySuper product; and
 (c) the amount of the fee charged in relation to each other member of the fund who holds the MySuper product is the same percentage of so much of that member's account balance with the fund that relates to the MySuper product.

All MySuper members charged combination of same flat fee and same percentage of account balance
 (4) This rule is satisfied if:
 (a) the fee is charged in relation to all members of the fund who hold the MySuper product; and
 (b) the amount of the fee charged in relation to one member is the sum of a fixed amount (the flat fee) and another amount that is a percentage of so much of the member's account balance with the fund that relates to the MySuper product; and
 (c) the amount of the fee charged in relation to each other member of the fund who holds the MySuper product is the sum of the flat fee and the same percentage of so much of that member's account balance with the fund that relates to the MySuper product.

All MySuper members to whom action relates charged same flat fee
 (5) This rule is satisfied if:
 (a) the fee is a buy‑sell spread, a switching fee or an activity fee; and
 (b) the fee is only charged in relation to those members of the fund:
 (i) who hold the MySuper product; and
 (ii) in relation to whom a relevant action is taken by the trustee or trustees of the fund; and
 (c) the amount of the fee charged is the same for each member to whom it is charged.

All MySuper members to whom action relates charged same percentage of account balance
 (6) This rule is satisfied