Document ID: chunk:federal_register_of_legislation:C2025C00134:section:29v:p1
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 29V (pt 1/2)
Character Range: 237274–239803

29V  Fees that may be charged in relation to a MySuper product
 (1) The trustee, or the trustees, of a regulated superannuation fund that offers a MySuper product may only charge fees of one or more of the following kinds in relation to that product:
 (a) an administration fee;
 (b) an investment fee;
 (c) a buy‑sell spread;
 (d) a switching fee;
 (f) an activity fee;
 (g) an advice fee;
 (h) an insurance fee.
 (2) An administration fee is a fee that relates to the administration or operation of a superannuation entity and includes costs incurred by the trustee, or the trustees, of the entity that:
 (a) relate to the administration or operation of the fund; and
 (b) are not otherwise charged as an investment fee, a buy‑sell spread, a switching fee, an activity fee, an advice fee or an insurance fee.
 (3) An investment fee is a fee that relates to the investment of the assets of a superannuation entity and includes:
 (a) fees in payment for the exercise of care and expertise in the investment of those assets (including performance fees); and
 (b) costs incurred by the trustee, or the trustees, of the entity that:
 (i) relate to the investment of assets of the entity; and
 (ii) are not otherwise charged as an administration fee, a buy‑sell spread, a switching fee, an activity fee, an advice fee or an insurance fee.
 (4) A buy‑sell spread is a fee to recover transaction costs incurred by the trustee, or the trustees, of a superannuation entity in relation to the sale and purchase of assets of the entity.
 (5) A switching fee is a fee to recover the costs of switching all or part of a member's interest in a superannuation entity from one class of beneficial interest in the entity to another.
 (7) A fee is an activity fee if:
 (a) the fee relates to costs incurred by the trustee, or the trustees, of a superannuation entity that are directly related to an activity of the trustee, or the trustees:
 (i) that is engaged in at the request, or with the consent, of a member; or
 (ii) that relates to a member and is required by law; and
 (aa) the fee does not satisfy the condition in paragraph (8)(a); and
 (b) those costs are not otherwise charged as an administration fee, an investment fee, a buy‑sell spread, a switching fee or an insurance fee.
 (8) A fee is an advice fee if:
 (a) the fee relates directly to costs incurred by the trustee, or the trustees, of a superannuation entity because of the provision of financial product advice to a member by:
 (i) a trustee of the entity; or
 (ii) another