Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p37
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 155490–159675

insurance covers a person who is unable to perform the functions of their own occupation, even if they are able to perform other occupations for which they are reasonably qualified.

P

Parent (service provider relationship type)                                      Means the service provider has a shareholding in the RSE licensee.
Percentage value (% of balance)                                                  Means the portion of the expense or benefit attributable to a member that is expressed as a percentage of their account balance.
Percentage value (% of transaction)                                              Means an amount paid or payable against a transaction made by or on behalf of a member.
Performance component type                                                       Components of performance are classified into the following performance component types:

                                                                                     * Indirect Costs;
                                                                                     * Indirect Cost Ratio;
                                                                                     * Fees Deducted Directly From Member Account;
                                                                                     * Other Fees And Costs;
                                                                                     * Tax; and
                                                                                     * Gross Investment Return.
Performance Linked (investment charge type)                                      Means the portion of the expense or benefit which is determined in whole or in part by reference to the performance of an investment made by an investment manager on behalf of the RSE licensee.
Person connected with the RSE licensee                                           Has the meaning in subsection 13(4C) of the Financial Sector (Collection of Data) Act 2001.

Physical assets                                                                  Means an item of economic, commercial or exchange value that has a tangible or material existence. Includes: precious metals, property, plant and equipment and oil.
Platform (investment menu type)                                                  Where the product disclosure statement (PDS) of the associated superannuation product states that the securities or interests will be acquired on the instruction, direction or request of the member and the relevant investments that the member may choose are in a list published by the responsible person. The acquisition must be under a custodial arrangement (within the meaning of s1012IA(1) of the Corporations Act 2001).
Placement                                                                        Means a liability of an entity not described as an authorised deposit-taking institution, e.g. State treasuries.
Policy number                                                                    Means the identifier of a superannuation insurance policy as allocated by the life insurance company.
Political Donation                                                               Means amounts or values of gifts (within the meaning of Part XX of the Commonwealth Electoral Act 1918) that were made by or on behalf of the entity during the year of income to another entity who, at the time of receiving the gift:

                                                                                  (i)  was a political entity (within the meaning of that Act); or

                                                                                  (ii)  was, or was required by that Part of that Act to be, a political campaigner (within the meaning of that Part); or

                                                                                  (iii)  was, or was required by that Part of that Act to be, an associated entity (within the meaning of that Part).
Political Donations (expense type)                                               Means payments made for the purpose of a political donation.
Pooled Superannuation Trust (PST) (investment vehicle