Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p17
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 69081–74179

Sponsorship;
                                                                                   * Strategy And Planning
                                                                                   * Training;
                                                                                   * Travel; and
                                                                                   * Other.
Expense with a related party                                                   A payment included in the list described in Paragraph 2.10(1)(h)(i)-(vi) of the SIS Regulations.

Exposure type                                                                  Means the exposure type applicable to the derivative contract(s). The exposure type options are;

                                                                                   * Interest Rate Contract;
                                                                                   * Foreign Exchange Contract;
                                                                                   * Credit Risk Contract;
                                                                                   * Equity Contract;
                                                                                   * Commodity Contract; and
                                                                                   * Other Contract.
External Audit (expense type)                                                  Means the expense incurred for the provision of external audit services.

Externally managed – connected entity (Investment Option Management Type)      Means the RSE licensee of the fund does not engage in any activity relating to the management of investments in respect of the investment option interest; and that each entity that manages investments in respect of the investment option is a connected entity.

Externally managed – non connected entity (Investment Option Management Type)  Means the RSE licensee of the fund does not engage in any activity relating to the management of investments in respect of the investment option interest, and that each entity that manages investments in respect of the investment option is not a connected entity.

External product investment options                                            Means investment options with investment option management type of externally managed – non connected entity and investment option strategy setting type of non connected entity.

F

Family Law (activity fee type)                                                                             Means a fee charged to cover the costs of activities carried out for family law purposes on behalf of members.

Fees and costs arrangement                                                                                 Means a set of fees and costs that are applicable to members depending on how they have accessed the fund.  For example, if an RSE has a set of fees and costs for general membership and a different set of fees and costs for a large employer, APRA would expect two fees and costs arrangements to be reported.

Fees and costs arrangement identifier (FCAI)                                                               Means a unique identifier created by the RSE licensee to represent a fees and costs arrangement. The FCAI must satisfy the following conditions;

                                                                                                           • it must comprise no more than 20 alpha-numeric characters (with no special characters);

                                                                                                           • it cannot be the same as the FCAI used for another fees and costs arrangement within the same RSE, DB RSE or ERF;

                                                                                                           • it cannot change so long as the fees and costs arrangement exists; and

                                                                                                           • it must be reported consistently across reporting periods.

Fees and costs arrangement level                                                                           Fees and costs arrangement level is an indicator variable denoting the level of usage of the fees and costs arrangement.

                                                                                                           The fees and costs arrangement level options are:

                                                                                                                  * Superannuation product;
                                                                                                                  * Investment menu; and
                                                                                                                  * Investment option.

Fees and costs arrangement type                                                                            Fees and costs arrangement type