Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p45
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 186918–190589

defined in regulation 6.01(2) of the SIS Regulations.
Travel (expense type)                                                   Means the expense incurred for the provision of any travel services.
Travel entertainment and conferences (engagement type)                  Means payments relating to travel, entertainment or conferences for staff employed by the RSE licensee.
Trustee Directed Product                                                Means a trustee-direct product as defined by subregulation 9AB.2(2) of the SIS Regulations.
Trustee Board (expense group)                                           Means the expense incurred for the provision of trustee board services and operation.
Type of counterparty                                                    Means the type of counterparty.
                                                                        The type of counterparty options are:
                                                                            * Banking Institutions;
                                                                            * Reserve Bank Of Australia (RBA);
                                                                            * Other Financial Institutions; and
                                                                            * Non Financial Institutions.

U

Ultimate investment                                       Means an investment of assets, or assets derived from assets, of an RSE, defined benefit RSE, PST and ERF excluding an investment in an interposed entity.
Underlying Investment Manager (investment manager level)  Means all subsequent levels of management of investment portfolios beyond or further than the first level of management.
Undetermined claim                                        Means a received claim that has not been finalised or withdrawn.
Undetermined claim duration                               Means the period between when the claim was received and the end of the reporting period for undermined claims.
Unlisted (listing type)                                   Means a financial instrument that is not traded through an Australian or international stock exchange.
Until Age 60 (income protection benefit period)           Means that the maximum term that the IP benefit will be paid for is until the insured member's 60th birthday.
Until Age 65 (income protection benefit period)           Means that the maximum term that the IP benefit will be paid for is until the insured member's 65th birthday.
Until Age 67 (income protection benefit period)           Means that the maximum term that the IP benefit will be paid for is until the insured member's 67th birthday.
Until Age 70 (income protection benefit period)           Means that the maximum term that the IP benefit will be paid for is until the insured member's 70th birthday.
Up To 1 Year (income protection benefit period)           Means that the maximum term that the IP benefit will be paid for is 1 year.
Up To 2 Years (income protection benefit period)          Means that the maximum term that the IP benefit will be paid for is 2 years.
Up To 5 Years (income protection benefit period)          Means that the maximum term that the IP benefit will be paid for is 5 years.

V

Valuation (expense service type)            Means the expense incurred for the provision of any valuation services.
Value of the investment                     Means the value of investments in relation to the underlying interests in the investment option.
Volatility of comparison return (10 years)  Means the annualised standard deviation of weekly returns of the investment option measured by the