Document ID: chunk:federal_register_of_legislation:F2024C01249:clause:10_217
Version: federal_register_of_legislation:F2024C01249
Segment Type: clause
Provision Reference: sch 10 cl 217
Character Range: 2196341–2197046

217  Contribution fees
 (1) The amounts of contribution fees to be inserted in the example of annual fees and costs for a collective investment product, are applied against a $5 000 investment.
 (2) If a Product Disclosure Statement relates to a product:
 (a) that is paid for by a single lump sum amount; and
 (b) for which no additional contributions can be made;
the example of annual fees and costs should be modified by removing references to contributions or contribution fees.
 (3) The example must be based on a balance:
 (a) of $50 000; or
 (b) worked out in accordance with clause 215.
Note: If there is a fee paid for the initial contribution, it should be described as the establishment fee.