Document ID: chunk:federal_register_of_legislation:F2015L00830:body:0:p17
Version: federal_register_of_legislation:F2015L00830
Segment Type: other
Provision Reference: 
Character Range: 47989–50846

paid reported in item 10 column 1.

         Report the value of fees paid by each source, gross of any fee rebate, in item 10 column 4.

         Where the source of payment is not listed in item 10 column 3 report the fee in item 10.1; otherwise leave item 10.1 blank. Report a description of the activity fee in column 1. If the activity fee is charged in relation to the provision of financial product advice, report 'yes' in column 2; otherwise, report 'no'. Report a description of the source of payment in column 3 and the value of fees paid column 4.

         The sources are: fee paid by member, fee paid by employer-sponsor, fee paid by reserve and fee paid by RSE licensee .

Activity fee rebates and fee discounts

Item 11 collects information on fee rebates and fee discounts applied to each activity fee paid.

Item 11  Report each activity fee to which a fee rebate or fee discount applies as a separate line in item 11. If there were no fee rebates or fee discounts for any activity fees, leave item 11 blank.

         Report aggregate fee rebates and aggregate fee discounts for each fee on separate lines. Report the same description of the activity fee in item 11 column 1 as reported in item 10 column 1, report a description of the fee rebate or fee discount in column 2, the number of member accounts which received the fee rebate or fee discount in column 3 and the value of the fee rebate or fee discount applied to the member accounts in column 3, in column 4.

Glossary of additional items

Roles

Accountant                      Represents an accounting firm or individual accounting professional engaged to provide accounting services to the RSE. Excludes: accountants engaged to perform internal audit and external audit services.

Administrator                   Represents the person or entity responsible for the day-to-day administration of the RSE, including, but not limited to, keeping records, processing contributions, paying benefits, providing annual benefit statements, liaising with members, processing claims.

Asset consultant                Represents a person engaged to provide advice on the investment strategy and asset allocation, which may cover selection of investment managers. Excludes: implemented consultants.

Custodian                       Represents the person or entity that performs custodial functions in relation to any of the assets of the RSE. Reference: SIS Act, s. 10(1).

Financial advisor: employer     Represents a person engaged with respect to an RSE to provide personal financial advice within the meaning given in the Corporations Act 2001 to an employer sponsor of that RSE.

Financial advisor:  member      Represents a person engaged with respect to an RSE to provide personal financial advice within the meaning given in the Corporations Act 2001 to members of that