Document ID: chunk:federal_register_of_legislation:F2024C01249:clause:10_212
Version: federal_register_of_legislation:F2024C01249
Segment Type: clause
Provision Reference: sch 10 cl 212
Character Range: 2192807–2194597

212  Collective investment products—Example of annual fees and costs for a balanced investment option

Example of annual fees and costs for a balanced investment option

This table gives an example of how the fees and costs in the balanced investment option for this product can affect your investment over a 1 year period. You should use this table to compare this product with other products offered by [managed investment schemes / retail CCIVs].

EXAMPLE—the Balanced Investment Option     BALANCE OF $50 000 WITH A CONTRIBUTION OF $5 000 DURING YEAR
Contribution Fees                          0‑4%                                                          For every additional $5 000 you put in, you will be charged between $0 and $200.
PLUS Management Costs                      1.3%                                                          And, for every $50 000 you have in the balanced investment option you will be charged $650 each year.
EQUALS Cost of balanced investment option                                                                If you had an investment of $50 000 at the beginning of the year and you put in an additional $5 000 during that year, you would be charged fees of from:
                                                                                                         $650 to $850*
                                                                                                         What it costs you will depend on the investment option you choose and the fees you negotiate.

* Additional fees may apply:
Establishment fee—$50
And, if you leave the [managed investment scheme / retail CCIV] early, you may also be charged exit fees of between 0 and 5% of your total account balance (between $0 and $2 500 for every $50 000 you withdraw)