Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p46
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 190306–192839

Value of the investment                     Means the value of investments in relation to the underlying interests in the investment option.
Volatility of comparison return (10 years)  Means the annualised standard deviation of weekly returns of the investment option measured by the comparison return type over 10 years.

                                            If the frequency of valuation (for either unit pricing or crediting rate) of the investment option over the 10 years was less than weekly, then monthly returns should be used instead.

                                            If the frequency of valuation was less than monthly, or the investment option does not have 10 years of history, the volatility cannot be determined.
Volatility of comparison return (5 years)   Means the annualised standard deviation of weekly returns of the investment option measured by the comparison return type over 5 years.

                                            If the frequency of valuation (for either unit pricing or crediting rate) of the investment option over the 5 years was less than weekly, then monthly returns should be used instead.

                                            If the frequency of valuation was less than monthly, or the investment option does not have 5 years of history, the volatility cannot be determined.

W

Whole of Life Or Endowment (Superannuation Product Category Type)  Means bundled life insurance arrangements which combine and investments component and a life insurance component in a single product.

Wholesale Trust (investment vehicle type)                          Means a collective investment vehicle that provides exposure to a diversified portfolio of investments and can be accessed by wholesale clients only.
Withdrawal Fee (activity fee type)                                 Means an activity fee triggered upon withdrawal of funds by the member.
Worker category                                                    Means where cover is only provided to members in a certain worker category, the name of the worker category assigned by the RSE licensee.

Y

Year of admittance  Means the year ending 30 June during which the claim was admitted.
Year of cover       Means the year ending 30 June to which insurance cover was provided or is to be provided.
Year of incident    Means the year ending 30 June during which the event occurred that lead to a claim. e.g. in the case of life insurance, the year of incident refers to the year of death of the insured member.