Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p28
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 115131–120538

and Transaction activities.

Investment administration                                                                  Means the expense incurred for the provision of any investment administration services.

(expense service type)

Investment cap                                                                             Means the maximum percentage of a member's balance that is permitted to be invested into an investment option or investment menu.

Investment charge type                                                                     The investment charge type indicates the circumstances in which the fee or cost is incurred. The investment charge types are:

                                                                                               * Base;
                                                                                               * Performance Linked; and
                                                                                               * Not Applicable.
Investment Consulting (expense service type)                                               Means the expense incurred for the provision of any investment consulting services. Excludes asset consulting.

Investment horizon                                                                         Means the defined investment horizon for the return objective. The investment horizon is calculated by length of time over which the return of the investment option, as measured by the return measurement, is expected to exceed the return objective target return.

Investment Management (expense service type)                                               Means the expense incurred for the provision of any investment management services.

Investment Management Expenses (expense category type)                                     Means the profit was attributable to an investment management expense.

Investment manager level                                                                   Fees and costs related to Investment activities are classified by their investment manager level.

                                                                                           The investment manager levels are:

                                                                                               * Direct Investment Manager;
                                                                                               * Underlying Investment Manager; and
                                                                                               * Not Applicable.
Investment menu                                                                            Means a grouping of investment options offered by a fund within a superannuation product that has a defined fee and cost structure incurred by members in order to access those investment options.

                                                                                           This is required to be included for consistency within the data model even if there are no fees or costs incurred at this level.

                                                                                           The same investment menu may be made available to more than one superannuation product.

                                                                                           Where the associated superannuation product is a lifecycle product, the investment menu represents the collection of  lifecycle stages or cohorts.

Investment menu identifier (IMI)                                                           Means a unique identifier created by the RSE licensee used to represent an investment menu.

                                                                                           The IMI must satisfy the following rules:

                                                                                               * it must comprise no more than 20 alpha-numeric characters (with no special characters);
                                                                                               * it cannot be the same as the IMI used for another investment menu within the same RSE, defined benefit RSE or ERF; and
                                                                                               * it cannot change so long as the investment menu exists and must be reported consistently across reporting periods (including if the name of the investment menu or the investment options available change).
Investment menu type                                                                       The investment menu types are:

                                                                                               * Generic;
                                                                                               * Platform; and
                                                                                               * Lifecycle Option.
Investment option                                                                          Has the meaning as in section 1017BB(6) of the Corporations Act 2001, except for lifecycle products where each lifecycle stage or cohort should be reported at this level.

                                                                                           The same investment option may be made available to more