Document ID: chunk:federal_register_of_legislation:C2019C00093:clause:1_29va:p3
Version: federal_register_of_legislation:C2019C00093
Segment Type: clause
Provision Reference: sch 1 cl 29VA (pt 3/3)
Character Range: 34747–36041

in accordance with the administration fee exemption for employees of an employer‑sponsor (see section 29VB).
Note: In some circumstances, the RSE licensee may wish to offer a MySuper product for the employees of a large employer or its associates (see sections 29T and 29TB). Any fee set for that MySuper product may differ from the equivalent fee set for another MySuper product within the fund. In other circumstances, a separate MySuper product may not be offered, but instead a lower administration fee charged to the employees of a particular employer‑sponsor (see section 29VB).

Lifecycle differentiated investment fees
 (9) This rule is satisfied if:
 (a) the fee is an investment fee; and
 (b) the fee would satisfy one of the charging rules in subsections (2) to (4) if the rule were applied to an age cohort identified in the governing rules in relation to the MySuper product for the purposes of this subsection, rather than in relation to all members of the fund who hold the MySuper product; and
 (c) the governing rules identify no more than 4 age cohorts in relation to the MySuper product for the purposes of this subsection; and
 (d) the investment fees for the age cohorts reflect a fair and reasonable attribution of the investment costs of the fund between the age cohorts.