Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:7:p24
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 7 (pt 24/39)
Character Range: 1162975–1165852

products

Division 1—Preliminary

7.9.01  Interpretation
 (1) In this Part:
amount includes a nil amount.
annuity has the same meaning as in regulation 1.05 of the SIS Regulations.
contact details, in relation to a superannuation entity, means:
 (a) the name of the superannuation entity and, if relevant, of the sub‑plan; and
 (b) a contact address for the superannuation entity; and
 (c) a contact person and telephone number for the contact person.
contact person, in relation to a superannuation entity, means a named individual, or a person holding a designated office or position, who is available to receive and deal with inquiries or complaints by product holders (as the case may be).
contribution includes a benefit that is rolled over or transferred to a fund.
exit charge means a charge that:
 (a) is made against:
 (i) a product holder's benefits in a fund or financial product; or
 (ii) a product holder or another person on the product holder's behalf; and
 (b) is only made when a payment is:
 (i) made in respect of a product holder; or
 (ii) transferred.
fund information, in relation to a superannuation product or an RSA, means information required to be given under Subdivision 5.5.
fund reporting period means a reporting period for fund information.
Government co‑contribution means a Government co‑contribution payable under the Superannuation (Government Co‑contribution for Low Income Earners) Act 2003.
legal personal representative has the meaning given by section 10 of the SIS Act.
lost member has the meaning given by the SIS regulations.
lost RSA holder has the meaning given by the RSA regulations.
net amount of Government co‑contribution received means all amounts of Government co‑contributions credited to the member of a superannuation fund (other than a self managed superannuation fund) or an RSA holder, less any amounts deducted by the superannuation provider or providers to reimburse it or them for repaying a co‑contribution amount to the Commissioner of Taxation, during the reporting period.
net earnings means the investment return on the assets of a fund after payment of transaction costs, government charges, taxes and duties and charges relating to the management of investment of fund assets.
prescribed net earnings rate, in relation to a fixed‑rate option offered by a capital guaranteed fund for a period, means the net earnings rate declared, in advance, by the fund.
remuneration, for an Australian financial services licensee or an authorised representative, means a payment that:
 (a) is made to the Australian financial services licensee or authorised representative because a superannuation interest is issued to a member; and
 (b) is not made under an agreement by which the member, or another person on the member's behalf, has retained the Australian financial services licensee or authorised representative on a