Document ID: chunk:federal_register_of_legislation:F2021C00160:body:0:p18
Version: federal_register_of_legislation:F2021C00160
Segment Type: other
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Character Range: 47755–50781

fees is zero or positive, insert a footnote Investment fees and costs includes an amount of x.xx% for performance fees. The calculation basis for this amount is set out under "Additional explanation of fees and costs". Where the amount for performance fees is negative, insert a footnote Information about performance fees is set out under "Additional explanation of fees and costs".]

3. [If there are other fees and costs, such as activity fees, advice fees for personal advice or insurance fees, include a cross‑reference to the "Additional explanation of fees and costs".]

    Division 2—The Fees and Costs Summary for collective investment products

    202 Fees and Costs Summary for a multiple fee structure—collective investment products

    Fees and other costs
    This section shows fees and other costs that you may be charged. These fees and costs may be deducted from your money, from the returns on your investment or from the assets of the managed investment scheme as a whole.
    Taxes are set out in another part of this document.

    You have 2 different fee payment options:

         (a) to pay contribution fees upfront, at the time when you make each investment into the managed investment scheme; or

         (b) to pay contribution fees later (for example, on the termination of your investment or by way of other increased fees).

Note: You may pay more in total fees if you choose to pay contribution fees later.
    You should read all the information about fees and costs because it is important to understand their impact on your investment.
    [If relevant] Fees and costs for particular investment options are set out on page [insert page number].
    Fees and costs summary
[Name of collective investment product]
Type of fee or cost                                                                                                   Amount                           How and when paid
                                                                                                              Option to pay contribution fees upfront  Option to pay contribution fees later
Ongoing annual fees and costs
Management fees and costs
The fees and costs for managing your investment2
Performance fees
Amounts deducted from your investment in relation to the performance of the product
Transaction costs
The costs incurred by the scheme when buying or selling assets
Member activity related fees and costs (fees for services or when your money moves in or out of the scheme)1
Establishment fee
The fee to open your investment
Contribution fee2
The fee on each amount contributed to your investment
Buy-sell spread
An amount deducted from your investment representing costs incurred in transactions by the scheme
Withdrawal fee2
The fee on each amount you take out of your investment
Exit fee2
The fee to close your investment
Switching fee
The fee for changing investment options

1. [If there are other service fees, such as advice fees or special request fees, include a cross‑reference to the