Document ID: chunk:federal_register_of_legislation:F2017L00727:body:0:p7
Version: federal_register_of_legislation:F2017L00727
Segment Type: other
Provision Reference: 
Character Range: 16866–19989

item 5.2.

Investment expenses  Represents expenses that relate to the investment of the assets of the entity. Includes: expenses for which investment fees are charged and expenses associated with generating income on investments.

Investment management  base fee              Represents investment fees which are not determined by reference to the performance of the investments made by the investment manager on behalf of the RSE licensee of an RSE. Excludes: investment management performance based fees.

Investment management performance based fee  Represents investment fees which are determined, in whole or in part, by reference to the performance of an investment made by an investment manager on behalf of the RSE licensee of an RSE. Includes: accrued performance fees, past loss clawbacks in performance fees. Excludes: investment management base fees.

Item 6                     Item 6 is a derived item. Report administration and operating expenses in item 6 as the sum of administration expenses reported in item 6.1 and operating expenses reported in item 6.2

                           Report the portion of administration expenses reported in item 6.1 that is the result of member initiated activity in item 6.1.1.

Administration expenses    Represents expenses that relate to the administration or operation of the fund. Includes: administration expenses for which administration fees are charged.  Report the total expense charged by an administrator where the administrator is also a service provider of activities other than administration e.g. custodial, and the expense is not segregated by activity type.

Member initiated activity  Represents an activity that is engaged in at the request, or with the consent, of a member. Excludes:  an activity that relates to a member and is required by law.

Operating expenses         Represents expenses that relate to the operation of the fund by the RSE licensee. Includes: operating expenses for which administration fees are charged, such as expenses relating to advertising/marketing, commissions, director/individual trustee expenses, operating expenses associated with service provider and other operating expenses. Excludes: administration expenses.

Item 7             Report advice expenses in item 7.

                   Report the portion of advice expenses reported in item 7 that is a result of intrafund advice in item 7.1.

Advice expenses    Represents expenses that relate to the provision of financial product advice to a member. Includes: expenses for which activity fees relating to provision of financial product are charged.

Intrafund advice   Represents financial product advice to members within the meaning given in s. 99F of the SIS Act.

Insurance activities

Item 8 collects information arising from insurance activities of the MySuper product.

Item 8                      Item 8 is a derived item. Report net flows from insurance activities in item 8 as the total of insurance related inflows reported in item 8.1 minus the total of insurance related outflows reported in item 8.2 for both acquired insurance and