Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p21
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 85945–90128

Means a standardised agreement to exchange a predetermined amount of an underlying asset financial instrument at a specified future date and at a predetermined price.

G

Gearing proportion                                                                                          Means the proportion of the investment value which is geared. Gearing represents borrowings for the purpose of boosting the return on capital and income via additional investment.

Generic (investment menu type)                                                                              A Generic investment menu is an investment menu that is not a Platform or Lifecycle Option investment menu.

Generic (product category)                                                                                  Means products that do not fall into one of the following product categories:
                                                                                                                * Insurance Only;
                                                                                                                * MySuper Material Goodwill; or
                                                                                                                * MySuper Large Employer.
Grade 1 (counterparty rating grade)                                                                         Means a rating of Standard & Poor's AAA, Moody's Aaa, AM Best aaa, Fitch AAA.

Grade 2 (counterparty rating grade)                                                                         Means a rating of Standard & Poor's AA+, AA, AA-; Moody's Aa1, Aa2, Aa3; AM Best aa+, aa, aa-; Fitch AA+, AA, AA.

Grade 3 (counterparty rating grade)                                                                         Means a rating of Standard & Poor's A+, A, A-; Moody's A1, A2, A3; AM Best a+, a, a-; Fitch A+, A, A-.

Grade 4 (counterparty rating grade)                                                                         Means a rating of Standard & Poor's BBB+, BBB, BBB-; Moody's Baa1, Baa2, Baa3; AM Best bbb+, bbb, bbb-; Fitch BBB+, BBB, BBB-.

Grade 5 (counterparty rating grade)                                                                         Means a rating of Standard & Poor's BB+, BB, BB-; Moody's Ba1, Ba2, Ba3; AM Best bb+, bb, bb-; Fitch BB+, BB, BB-.

Grade 6 (counterparty rating grade)                                                                         Means a rating of Standard & Poor's B+, B, B-; Moody's B1, B2, B3; AM Best b+, b, b-; Fitch B+, B, B-.

Grade 7 (counterparty rating grade)                                                                         Means a rating of Standard & Poor's CCC or below; Moody's Caa or below; AM Best b or below; Fitch CCC or below; unrated.

Gross Investment Return (return measurement) / (option return type) / (performance component type)          Means the time-weighted rate of return, adjusted for cash flows as they occur.

                                                                                                            Indirect Costs, Indirect Cost Ratio, Other Fees And Costs, Fees Deducted Directly From Member Account and Tax should not be netted off this return.

Gross Investment Return Net Of Fees (return measurement) / (option return type) / (comparison return type)  Means the time-weighted rate of return on investments, net of Indirect Costs, Indirect Cost Ratio, Other Fees And Costs and Fees Deducted Directly From Member Account with a fees and costs component activity type of Investment or Transaction, adjusted for cash flows as they occur.

                                                                                                            Tax should not be netted off this return.

                                                                                                            If there is a range in the amount of applicable fees and costs that may be charged, the calculation must use the highest fees and costs in the range.

Gross negative market value                                                                                 Means the aggregate amount