Document ID: chunk:federal_register_of_legislation:C2025C00134:section:99g:p2
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 99G (pt 2/2)
Character Range: 569957–571176

for the year the total combined amount of which exceeds the amount worked out as follows:

  where:
fee cap for the whole year means the total combined amount of capped fees and costs that could be charged to the member in relation to the product for the year under subsection (2), if:
 (a) the member held the product for the whole of the year; and
 (b) so much of the member's account balance with the fund on the last day on which the member held the product during the year as relates to the product were the member's account balance for the product on the last day of the year.

Refund of excess
 (6) The trustee or trustees of the regulated superannuation fund are taken to have complied with this section if any amount by which the total combined amount of capped fees and costs charged to the member in relation to the product for the year exceeds the maximum permitted under subsection (2) or (5) is refunded to the member within 3 months after the end of the year.

No breach of section 99E
 (7) To avoid doubt, the trustee or trustees of the regulated superannuation fund do not breach section 99E by complying with this section.

Part 12—Duties of trustees and investment managers of superannuation entities