Document ID: chunk:federal_register_of_legislation:F2024C01249:clause:10_301
Version: federal_register_of_legislation:F2024C01249
Segment Type: clause
Provision Reference: sch 10 cl 301
Character Range: 2202902–2204075

301  Indirect costs related to investment and administration of accounts
 (1) The following text and the appropriate amount, in dollars, must be inserted after the part of the periodic statement that itemises transactions during the period.

       Indirect costs of your investment
  This approximate amount has been deducted from your investment and includes amounts that have reduced the return on your investment but are not charged directly to you as a fee.
 (2) The amount inserted must include:
 (a) for a MySuper product or an investment option offered by a superannuation entity—the indirect costs for the MySuper product or investment option; and
 (b) for an investment option offered by a managed investment scheme or a retail CCIV—all management costs not deducted directly from a product holder's account during the reporting period.
 (3) The amount must be shown as a single total amount in dollars.
 (4) The amount for a collective investment product must be calculated by multiplying the indirect cost ratio for the relevant investment option by the product holder's average account balance for the option over the reporting period.

Division 2—Total fees