Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p22
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 89717–94405

off this return.

                                                                                                            If there is a range in the amount of applicable fees and costs that may be charged, the calculation must use the highest fees and costs in the range.

Gross negative market value                                                                                 Means the aggregate amount of all exposures with a negative market value.

Gross positive market value                                                                                 Means the aggregate amount of all exposures with a positive market value.

Group Company (service provider relationship type)                                                          Means a parent company that has a shareholding in both the service provider and the trustee.

Group insurance policy                                                                                      Means a superannuation insurance policy that provides insured benefits in respect of the membership agreed between the RSE licensee and the insurer.

Group Insurance Policy (insurance policy type)                                                              Means that the insurance cluster consists of one or more group insurance policies.

Growth Alternatives (strategic sector) / (strategic subsector)                                              Means Alternatives that are designed to generate strong returns. Excludes: Defensive Alternatives.

H

Human Resources (expense type)  Means the expense incurred for the provision of any human resources services.
                                Includes: Recruitment
                                Excludes: Training

I

Implemented Consultant (expense service type)                                              Means the expense incurred for the provision of any implemented consultant services.

In force                                                                                   Means an insurance policy is valid or in operation.

Inactive                                                                                   Has the meaning as in subsection 68AAA(3) of the SIS Act.

Inception date                                                                             Means:

                                                                                           (1) For a superannuation product, the first date that it was possible for a member or prospective member to open an account within the product;

                                                                                           (2) For an investment menu, the first date that any investment options were available to be selected through the menu; and

                                                                                           (3) For an investment option, the first date that the investment option was available through any investment menu within the RSE, defined benefit RSE or ERF.

                                                                                           (4) For a fees and costs arrangement, the first date that the fees and costs arrangement was applicable to any members within the fund.

Includes cover for category 1 occupations                                                  Means occupations that are sedentary and of a professional nature, where the primary work task(s) associated with the occupation does not have a physical element, where over 80 per cent of hours are spent in an office environment and minimal exposure to unusual occupational hazards.

                                                                                           Category 1 occupations must satisfy one of the following:

                                                                                               * tertiary qualified;
                                                                                               * membership of a professional body;
                                                                                               * registration by a government body; or
                                                                                               * hold a senior management role within an organisation.
Includes cover for category 2 occupations                                                  Means occupations that are sedentary and of a white-collar nature, where the primary work task(s) associated with the occupation does not have a physical element, where over 80 per cent of hours are spent in an office environment and minimal to no exposure to unusual occupational hazards.

Includes cover