Document ID: chunk:federal_register_of_legislation:F2021C00160:body:0:p22
Version: federal_register_of_legislation:F2021C00160
Segment Type: other
Provision Reference: 
Character Range: 58883–61933

performance fees included in the Fees and Costs Summary; and

                (iv) where the amount for performance fees is negative—the negative amount and its effect on fees and costs; and

                (v) the calculated average performance fees for each product or option or part under paragraph 101C(3)(a);
                   Note: The performance fee disclosed must include the performance fees that accrue for each interposed vehicle referable to a product or option, or part of a product or option, mentioned in subclause 101C(1). However, you do not need to separately disclose the performance fees accruing to each individual interposed vehicle.

            (c) for tax—a cross reference to the "Tax" part of the Product Disclosure Statement;

            (ca) for insurance fees and other costs relating to insurance (if relevant)—a cross reference to the "Insurance" part of the Product Disclosure Statement;

            (d) if the product is subject to tax—whether the benefit of any tax deduction is passed on to the investor in the form of a reduced fee or cost;

            (e) an explanation of adviser remuneration that forms part of any fee or cost in the table, including (if known to the product issuer):

                (i) the method of calculation; and

                (ii) the amounts of commission or the range of amounts; and

                (iii) whether the amounts are negotiable or rebatable; and

                (iv) the way in which amounts may be negotiated or rebated;

            (f) an explanation of advice fees and, for a superannuation product, intra-fund advice costs;

            (g) for a negotiated fee or cost—contact details of the person or body with whom the fee or cost can be negotiated and the manner of negotiation;

            (h) worked examples (if appropriate);

            (i) additional details of incidental fees (if appropriate);

            (j) details of transaction costs such as brokerage and buy‑sell spread, including:

                 (i) the amount of total gross transaction costs, or an estimate if the amount is not known; and

                 (ii) a statement that the transaction costs shown in the fees and costs summary is shown net of any amount recovered by the buy-sell spread charged by the trustee, responsible entity or operator of a notified foreign passport fund as defined in paragraph (a) or (b) (as relevant) of the definition of buy-sell spread in clause 101; and

                 (iii) a description of each cost; and

                 (iv) how and when the costs are recovered; and

                 (v) a statement that the cost is an additional cost to the investor where it has not already been recovered by the buy-sell spread charged by the trustee, responsible entity or operator of a notified foreign passport fund as defined in paragraph (a) or (b) (as relevant) of the definition of buy-sell spread in clause 101;

            (k) the following information about fee changes:

                 (i) if applicable, a statement about the