Document ID: chunk:federal_register_of_legislation:C2025C00134:section:29v:p2
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 29V (pt 2/2)
Character Range: 239576–240878

if:
 (a) the fee relates directly to costs incurred by the trustee, or the trustees, of a superannuation entity because of the provision of financial product advice to a member by:
 (i) a trustee of the entity; or
 (ii) another person acting as an employee of, or under an arrangement with, a trustee or trustees of the entity; and
 (b) those costs are not otherwise charged as an administration fee, an investment fee, a switching fee or an insurance fee.
 (9) A fee is an insurance fee if:
 (a) the fee relates directly to either or both of the following:
 (i) insurance premiums paid by the trustee, or the trustees, of a superannuation entity in relation to a member or members of the entity;
 (ii) costs incurred by the trustee, or the trustees, of a superannuation entity in relation to the provision of insurance for a member or members of the entity; and
 (b) the fee does not relate to any part of a premium paid or cost incurred in relation to a life policy or a contract of insurance that relates to a benefit to the member that is based on the performance of an investment rather than the realisation of a risk; and
 (c) the premiums and costs to which the fee relates are not otherwise charged as an administration fee, an investment fee, a switching fee, an activity fee or an advice fee.