Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p33
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 137552–141110

than the Default Level Of Cover and did not require underwriting in order to obtain that cover.
Most proximate investment                                         Means the closest investment, in the relevant chain of investments, to the ultimate investment.

Motor Vehicles (expense type)                                     Means the expense incurred for any motor vehicle services.

Multi Manager (investment option type)                            Means multiple managed investments that are constructed through the engagement of multiple investment managers.
Multi Sector (investment option categories)                       Multi Sector investments are held in more than one distinct security, belonging to two or more asset sectors.
Multiple (collateral type)                                        Means where more than one type of collateral is used to secure the position.
MySuper authorisation identifier                                  Means the MySuper authorisation number issued by APRA.
MySuper Large Employer (product category)                         Means superannuation products that satisfy the requirements of section 29TB of the SIS Act.
MySuper Material Goodwill (product category)                      Means superannuation products that satisfy the requirements of section 29TA of the SIS Act.
MySuper Product (product type)                                    Has the meaning as in section 10(1) of the SIS Act.

N

Net collateral pledged to secure positions with the counterparty                              Means the collateral posted on a bilateral basis, such that either party may be required to provide or entitled to receive, depending on the net exposure under a collateral agreement.
Net Investment Return (return measurement) / (option return type) / (comparison return type)  Means the time-weighted rate of return on investments, net of Indirect Costs, Indirect Cost Ratio, Other Fees And Costs, Fees Deducted Directly From Member Account and Tax with a component activity type of Investment or Transaction, adjusted for cash flows as they occur.

                                                                                              If there is a range in the amount of applicable fees and costs that may be charged, the calculation must use the highest fees and costs in the range.
Net Return (return measurement) / (option return type)                                        Means the net investment return minus administration fees, costs and taxes minus advice fees, costs and taxes.
No Cover (current level of cover)                                                             Means that as at the end of the reporting period, the member has no cover.
No TFN Tax Recovery Fee (activity fee type)                                                   Means an activity fee triggered when work to recover no-TFN tax is carried out.
Non-connected Entity (Investment Option Strategy Setting type)                                Means the RSE licensee does not engage in any activity relating to the the setting of asset allocation targets and each entity that sets asset allocation targets is not a connected entity.
Non Financial Institutions (type of counterparty)                                             Means institutions which do not offer financial services.
Non Intrafund Advice Fee (activity fee type)                                                  Means advice fees that do not meet the definition of financial product advice to members within the meaning given in section 99F of the SIS Act.
Non