Document ID: chunk:federal_register_of_legislation:F2024L00653:body:0:p18
Version: federal_register_of_legislation:F2024L00653
Segment Type: other
Provision Reference: 
Character Range: 73397–79616

variable denoting the level of usage of the fees and costs arrangement.

                                                                                                           The fees and costs arrangement level options are:

                                                                                                                  * Superannuation product;
                                                                                                                  * Investment menu; and
                                                                                                                  * Investment option.

Fees and costs arrangement type                                                                            Fees and costs arrangement type is an indicator variable denoting the usage of the fees and costs arrangement.

                                                                                                           The fees and costs arrangement type options are:

                                                                                                               * Standard; and
                                                                                                               * Custom.
Fees and costs component activity                                                                          Fees and costs component activity indicates the categorisation of the activities giving rise to fees and costs as specified by the relevant RG 97 version.

                                                                                                           The fees and costs component activity options are:

                                                                                                               * Investment;
                                                                                                               * Administration;
                                                                                                               * Transaction;
                                                                                                               * Advice; and
                                                                                                               * Member Activity.
Fees and costs component type                                                                              Fees and costs component type indicates the categorisation of fees and costs as specified by the relevant RG 97 version.
                                                                                                           The fees and costs component type options are:
                                                                                                               * Indirect Costs;
                                                                                                               * Indirect Cost Ratio;
                                                                                                               * Fees Deducted Directly From Member Account; and
                                                                                                               * Other Fees And Costs.
Fees Deducted Directly From Member Account (performance component type) / (fees and costs component type)  Means the amount that is required to be inserted in a periodic statement under item 301(2)(a), Schedule 10 of the Corporations Regulations 2001.

                                                                                                           Fees deducted directly from member account must be reported gross of:

                                                                                                           (i) income tax and GST, after being reduced by any reduced inputs tax credits; and

                                                                                                           (ii) stamp duty; and

                                                                                                           without adjustment in relation to:

                                                                                                           (i) any tax deduction available to the responsible entity, operator or trustee; or

                                                                                                           (ii) the extent to which any tax deduction may be passed on to members.

Female (sex)                                                                                               Means persons who have female or predominantly feminine biological characteristics, or female sex assigned at birth.

Finalised Other (claim assessment)                                                                         Means the insurer has made a final decision on the claim, but it does not meet the definition of admitted or declined.

Financial Advice (activity fee type)                                                                       Means a fee charged to cover the costs of financial advice provided to members.

Financial Hardship Application (activity fee type)                                                         Means a fee charged to cover the costs of processing financial hardship applications by members.

Financial Planners (expense type)                                                                          Means the expense incurred for the provision of financial planners employed by the RSE licensee.

Financial Planning Payments To Externals (expense type)                                                    Means the expense incurred for the provision of financial planning payments to external companies or individuals (not employed by the RSE licensee).

Fixed Income (strategic sector) / (strategic subsector) / (asset class sector type)                        Means a loan, placement or debt security.

Fixed Income Asset Backed Commercial Mortgage (asset class characteristic 2)                               Means a debt security backed by a pool of mortgages for commercial properties.

Fixed Income Asset Backed Other (asset class