Document ID: chunk:federal_register_of_legislation:C2025C00134:section:29vb:p2
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 29VB (pt 2/2)
Character Range: 250880–251906

is the sum of the flat fee and the same percentage of so much of that member's account balance with that fund that relates to the MySuper product.

Reduced fees for employees with low balances
 (4A) Each of the following is satisfied:
 (a) the administration fee is charged at a reduced amount, in accordance with section 99G, in relation to one or more employee members of the fund;
 (b) in relation to the remaining employee members of the fund, the administration fee would be in accordance with subsection (2), (3) or (4) if those were the only employee members of the fund.
 (5) The total amount of the administration fee charged in relation to the employee members is at least equal to an amount that reasonably relates to costs that:
 (a) are incurred by the trustee, or the trustees, of the fund in the administration and operation of the fund in relation to those members; and
 (b) are not otherwise charged as an investment fee, a buy‑sell spread, a switching fee, an activity fee, an advice fee or an insurance fee.