Document ID: chunk:federal_register_of_legislation:F2017L00725:body:0:p13
Version: federal_register_of_legislation:F2017L00725
Segment Type: other
Provision Reference: 
Character Range: 35685–39131

income on separate lines in item 6.1. Report a description of the other investment income in column 1 and the value in column 2.

Investment income and gains/losses  Represents the total investment income from superannuation activities. Includes: investment income after impairment expense, gains/losses on investments and other investment income.

Item 8                           Report operating income in item 8.

                                 Report the portion of operating income that is fee and commission income [ABS] in item 8.1.

Operating income                 Represents income sourced from miscellaneous operating activities. Includes: income from scrip lending; income associated with underwriting activities; fees and commissions; rebates on fees charged to members, costs, commissions and charges; and other miscellaneous income. Excludes: investment income.

Fee and commission income [ABS]  Represents income sourced from fees and commissions associated with activities of the RSE. Includes: income from scrip lending; income associated with underwriting activities; fees; commissions and charges.

Item 9                                       Item 9.6 is a derived item. Report other investment expenses in item 9.6 as total investment expenses reported in item 9.7 minus the sum of investment expenses associated with investment management  base fee reported in item 9.1, investment expenses associated with investment management performance based fee reported in item 9.2, investment expenses associated with custodians reported in item 9.3,  investment expenses associated with investment consultants reported in item 9.4 and investment expenses associated with service providers in item 9.5.

                                             Report investment expenses associated with service providers in item 9.5 excluding service provider expenses otherwise reported in item 9.1,  item 9.2, item 9.3, item 9.4, item 9.6 or item 10.

                                             Report the portion of other investment expenses that are property maintenance expenses [ABS] in item 9.6.1 and the portion that are interest expenses [ABS] in item 9.6.2.

                                             Report details of other investment expenses on separate lines in item 9.6.3. Report a description of the investment expense in column 1 and the amount in column 2.

                                             Examples of other investment expenses include: property maintenance, brokerage, stamp duty, due diligence costs on assets, buy-sell costs.

Investment expenses                          Represents expenses that relate to the investment of the assets of the entity. Includes: expenses for which investment fees are charged and expenses associated with generating income on investments.

Investment management  base fee              Represents investment fees which are not determined by reference to the performance of the investments made by the investment manager on behalf of the RSE licensee of an RSE. Excludes: investment management performance based fees.

Investment management performance based fee  Represents investment fees which are determined, in whole or in part, by reference to the performance of an investment made by an investment manager on behalf of the RSE licensee of an RSE. Includes: accrued performance fees, past loss clawbacks in performance fees. Excludes: investment management base