Document ID: chunk:federal_register_of_legislation:F2015L00830:body:0:p16
Version: federal_register_of_legislation:F2015L00830
Segment Type: other
Provision Reference: 
Character Range: 45552–48204

balance.

Fee paid by employer sponsor  Represents where the employer-sponsor, within the meaning given in s.16(1) of the SIS Act, pays the fee. Include: fees paid by way of an employer contribution that has not been allocated to member accounts, and, fees paid directly by an employer to a service provider without passing through the RSE.

Fee paid by reserve           Represents where the fee is paid from a reserve with the RSE.

Fee paid by RSE licensee      Represents where the RSE licensee pays the fee, either as a payment into the RSE by the RSE licensee or directly by the RSE licensee to a service provider without passing through the RSE.

Fee rebate                    Represents a rebate received against fees charged to members.

Fees rebates and fee discounts

Item 9 collects information about any fee rebates and fee discounts for each type of fee charged, excluding activity fees.

Item 9        Report each fee, excluding activity fees, to which a fee rebate or fee discount applies as a separate line in item 9. Activity fees must be reported in item 11. If there were no fee rebates or fee discounts for any fee type, leave item 9 blank.

              Report aggregate fee rebates and aggregate fee discounts for each fee on separate lines.

              Report the fee type in column 1, a description of the fee rebate or fee discount in column 2, the number of member accounts which received the fee rebate or fee discount in column 3 and the aggregate value of the fee rebate or fee discount applied to the member accounts in column 3, in column 4.

              The fee types are: administration fee, advice fee, exit fee, insurance fee, investment fee, switching fee and 'other fee'.

Fee discount  Represents a discount applied against fees charged to members.

Activity fees

Item 10 collects information on each activity fee paid and the manner in which it was paid.

Item 10  Report the aggregated amount of each activity fee as a separate line in item 10. Where a fee has been paid via one or more sources, report a separate line for each source of payment for that fee.

         Report a description of the activity fee in item 10 column 1.

         If the activity fee is charged in relation to the provision of financial product advice, report 'yes' in item 10 column 2; otherwise, report 'no'.

         Report the source of payment in item 10 column 3, in respect of the type of fee paid reported in item 10 column 1.

         Report the value of fees paid by each source, gross of any fee rebate, in item 10 column 4.

         Where the source of payment is not listed in item 10 column 3 report