Document ID: chunk:federal_register_of_legislation:F2021C00160:body:0:p31
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set out in the Example of Annual Fees and Costs in clause 212 and Division 6.

            (2) Cost of product information is not required in a Product Disclosure Statement where the Statement relates to only one investment option and an Example of Annual Fees and Costs has been included in relation to that option in accordance with Division 5.

    Division 7—Consumer Advisory Warning

    221 Consumer advisory warning

            (1) Superannuation products

        DID YOU KNOW?

    Small differences in both investment performance and fees and costs can have a substantial impact on your long-term returns.

    For example, total annual fees and costs of 2% of your account balance rather than 1% could reduce your final return by up to 20% over a 30- year period (for example, reduce it from $100,000 to $80,000).

    You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs.

    You or your employer, as applicable, may be able to negotiate to pay lower fees. Ask the fund or your financial adviser.

        TO FIND OUT MORE
    If you would like to find out more, or see the impact of the fees based on your own circumstances, the Australian Securities and Investments Commission (ASIC) Moneysmart website (www.moneysmart.gov.au) has a superannuation calculator to help you check out different fee options.

            (2) Collective investment products

        DID YOU KNOW?

    Small differences in both investment performance and fees and costs can have a substantial impact on your long-term returns.

    For example, total annual fees and costs of 2% of your account balance rather than 1% could reduce your final return by up to 20% over a 30- year period (for example reduce it from $100,000 to $80,000).

    You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs.

    You may be able to negotiate to pay lower fees. Ask the fund or your financial adviser.

        TO FIND OUT MORE
    If you would like to find out more, or see the impact of the fees based on your own circumstances, the Australian Securities and Investments Commission (ASIC) Moneysmart website (www.moneysmart.gov.au) has a managed funds fee calculator to help you check out different fee options.

            (3) In the Consumer Advisory Warning in subclause (2) "account" may be replaced with "investment".

    222 Where to place the Consumer Advisory Warning

            (1) The Consumer Advisory Warning referred to in subclause 221(1) (superannuation products) must be located at the beginning of the "Fees and other costs" section of the Product Disclosure Statement.

            (2) The Consumer Advisory Warning referred to in subclause 221(2) (collective investment products) must be located at the beginning of the "Fees and other costs" section