Document ID: chunk:federal_register_of_legislation:F2015L01008:body:0:p6
Version: federal_register_of_legislation:F2015L01008
Segment Type: other
Provision Reference: 
Character Range: 14792–17568

as 10.00 or 10.0, as specified.

Report percentages as percentages of the assets adjusted for cash flows as they occur (i.e. time-weighted), unless otherwise specified. Cash flows include, but are not limited to, contributions, switches, transfers, rollovers or benefit payments.

Specific instructions

Terms highlighted in bold italics indicate that the definition is provided in these instructions.

For the purposes of these instructions, a 'fee' is an amount directly charged to members (regardless of who pays the fee) and a 'cost' is an amount incurred by the RSE licensee. The definitions of 'fee' and 'cost' are mutually exclusive.

For the purposes of these instructions, fees and costs must be reported 'gross of tax obligations' where 'gross of tax obligations' refers to gross of income tax, GST and stamp duty consistent with the manner in which they are required to be disclosed in Product Disclosure Statements, where applicable. Reference: Schedule 10 and Schedule 10D of the Corporations Regulations. This means the fees and costs must be reported prior to taking into account any benefit of a tax deduction relating to a fee that is passed on to a member either as a reduction in tax on contributions or through the deduction of a fee that is lower than what is reported to take account of the tax deduction.

Product dashboard

Part A: Performance, investment risk, fees and costs

Item 1 to item 4 inclusive collect information about the product dashboard with respect to a non-lifecycle MySuper product or a lifecycle stage of a lifecycle MySuper product.

Reporting basis: report item 1 and item 3 as at the reporting day; report item 2 in relation to changes in net assets during the ten most recent years ending 30 June (or, if shorter, the relevant offering period under rr. 7.9.07S(2), 7.9.07S(4), 7.9.07T(2) or 7.9.07T(4) of the Corporations Regulations, as relevant); and report item 4 in relation to fees and costs expected to be paid during the current year ending 30 June.

Unit of measurement: report item 1 as a percentage of representative member balance to one decimal place; item 1.1 and item 2 column 1 as DD/MM/YYYY; report item 2 column 2, column 3 and column 4 as a percentage of representative member balance to two decimal places; report item 3 as a whole number to one decimal place; and report item 4 in whole dollars.

Item 1          Information reported in item 1 relates to the return target on the product dashboard.[9]

                Report the return target for the non-lifecycle MySuper product or the return target for the lifecycle stage of a lifecycle MySuper product, as relevant, in item 1.

                Report the starting date for the return target in item 1.1.

                Note that the return