Document ID: chunk:federal_register_of_legislation:C2019C00093:clause:1_29va:p2
Version: federal_register_of_legislation:C2019C00093
Segment Type: clause
Provision Reference: sch 1 cl 29VA (pt 2/3)
Character Range: 32543–34998

and
 (c) the amount of the fee charged is the same for each member to whom it is charged.

All MySuper members to whom action relates charged same percentage of account balance
 (6) This rule is satisfied if:
 (a) the fee is a buy‑sell spread, a switching fee, an exit fee or an activity fee; and
 (b) the fee is only charged in relation to those members of the fund:
 (i) who hold the MySuper product; and
 (ii) in relation to whom a relevant action is taken by the trustee or trustees of the fund; and
 (c) the amount of the fee charged in relation to one of those members is a percentage of so much of the member's account balance with the fund:
 (i) that relates to the MySuper product; and
 (ii) in relation to which the relevant action is taken; and
 (d) the amount of the fee charged in relation to each of the other of those members is the same percentage of so much of that member's account balance with the fund:
 (i) that relates to the MySuper product; and
 (ii) in relation to which the relevant action is taken.

All MySuper members to whom action relates charged combination of same flat fee and same percentage of account balance
 (7) This rule is satisfied if:
 (a) the fee is a buy‑sell spread, a switching fee, an exit fee or an activity fee; and
 (b) the fee is only charged in relation to those members of the fund:
 (i) who hold the MySuper product; and
 (ii) in relation to whom a relevant action is taken by the trustee or trustees of the fund; and
 (c) the amount of the fee charged in relation to one of those members is the sum of a fixed amount (the flat fee) and another amount that is a percentage of so much of the member's account balance with the fund:
 (i) that relates to the MySuper product; and
 (ii) in relation to which the relevant action is taken; and
 (d) the amount of the fee charged in relation to each of the other of those members is the sum of the flat fee and the same percentage of so much of that member's account balance with the fund:
 (i) that relates to the MySuper product; and
 (ii) in relation to which the relevant action is taken.

Administration fee exemption for employees of an employer‑sponsor
 (8) The fee is an administration fee charged in accordance with the administration fee exemption for employees of an employer‑sponsor (see section 29VB).
Note: In some circumstances, the RSE licensee may wish to offer a MySuper product for the employees of a large employer or its associates (see