Document ID: chunk:federal_register_of_legislation:F2015L01008:body:0:p11
Version: federal_register_of_legislation:F2015L01008
Segment Type: other
Provision Reference: 
Character Range: 29257–32411

net investment returns will be incurred.

Item 4                                 Information reported in item 4 relates to the statement of fees and other costs on the product dashboard.[17]

                                       Report the statement of fees and costs in item 4 as a prospective figure, based on the estimated fee and cost information annualised for the following year.

                                       Example: for SRF 700.0 submitted as at 30 June 2015, report the estimated fees and costs that the RSE licensee expects to apply in respect of the MySuper product for the year to 30 June 2016.

                                       Report the statement of fees and other costs for the non-lifecycle MySuper product or the statement of fees and other costs for the lifecycle stage of a lifecycle MySuper product, as relevant, in item 4.

                                       Calculate the statement of fees and other costs as the sum of:

                                            * investment fees, indirect cost ratio investment costs and other investment costs for a representative member,

                                            * administration fees, indirect cost ratio administration costs and other administration costs for a representative member; and

                                            * advice fees, indirect cost ratio advice costs and other advice costs for a representative member,

                                       for the year ending 30 June.

                                       Note that the calculation of investment, administration and advice fees and costs must be consistent with equivalent requirements in Reporting Standard SRS 702.0 Investment Performance using the representative member to convert fees charged on a percentage of assets basis into a dollar amount of fees.

Investment fee                         Represents a fee within the meaning given in s. 29V(3) of the SIS Act, gross of tax obligations, that relates to the investment of the assets of the entity.

Indirect cost ratio investment costs   Represents the portion of the indirect cost ratio that relates to investment costs. These costs must be shown gross of tax obligations.

Other investment costs                 Represents costs that relate to the investment of the assets of the fund, which were not explicitly disclosed in the Product Disclosure Statement. These costs must be shown gross of tax obligations.

Part B: Lifecycle MySuper products

Lifecycle stage factors

Item 5 collects, for each lifecycle stage, information about the factors that describe members who are allocated to that particular lifecycle stage of a lifecycle MySuper product.

Reporting basis: report item 5 as at the reporting day.

Unit of measurement: report item 5 column 1 and column 2 as a whole number; report item 5 column 4 and column 5 as thousands of dollars; report item 5 column 6 and column 7 as a percentage of member salary to two decimal places; report item 5 column 8 and column 9 as thousands of dollars per annum; report item 5 column 10 and column 11 as a whole number; report item 5 column 12