Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p31
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 130890–134489

Lost Member Search Fee (activity fee type)                Means a fee charged to a member that is triggered upon a lost member search.

M

Male (sex)                                                        Means persons who have male or predominantly masculine biological characteristics, or male sex assigned at birth.
Managed discretionary  account                                    Has the meaning of a Managed Discretionary Account Services (MDA) service as defined in ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968.
Marginal (tier type)                                              Marginal tiers mean where only the portion of the member's balance that falls between the tier upper bound and tier lower bound will be considered when determining the fee, expense or benefit.
Market value of investments                                       Means the market value of investments within the arrangement as at the end of the reporting period.
Marketing (expense group)                                         Where the service provider is not the RSE or RSE Licencee, means the expense incurred for the provision of any promotion, marketing or sponsorship expense.
                                                                  (i) the payment has been made, or is to be made, by or on behalf of the entity under a contract during the year of income;

                                                                  (ii) the purpose of the payment is promoting the entity, promoting a particular view on behalf of the entity or sponsorship on behalf of the entity; and

                                                                  (iii) the payment is not a gift (within the meaning of Part XX of the Commonwealth Electoral Act 1918) whose amount or value is to be included in the sum referred to in paragraph (c) of this subregulation.

                                                                  Where the service provider is the RSE or RSE Licensee, means any other expense incurred for the purpose of promotion or marketing.

Maximum charge ($)                                                Means the highest value of the dollar reduction in a member's balance that will be incurred by a member when applying a fee or cost expressed as a percentage value (% of balance) or percentage value (% of transaction).
Maximum charge (%)                                                Means the highest value of the percentage reduction in a member's balance that will be incurred by a member when applying a fee or cost expressed as a flat dollar amount.
Member account                                                    Means a distinct entry recorded in the register of member accounts (or other equivalent mechanism).
Member Account Administration (expense type)                      Means the expense incurred for the systems utilised to process member transactions, including; contributions, transfers and withdrawals as well as upkeep and maintenance of member records.
Member Activity (fees and costs component activity)               Means member initiated activity that would trigger an activity fee.
Member assets                                                     Means the assets available to pay member benefits. This is assets less reserves less liabilities excluding members' benefits.
Member Campaigns (expense type)                                   Means the expense incurred for the provision of member campaigns.
Member Communication (expense type)                               Means the expense incurred for the systems and