Document ID: chunk:federal_register_of_legislation:F2015L00830:body:0:p12
Version: federal_register_of_legislation:F2015L00830
Segment Type: other
Provision Reference: 
Character Range: 34527–37723

income associated with underwriting activities; fees and commissions; rebates on costs, commissions and charges; and other miscellaneous income. Excludes: investment income.

Item 6               Report all expenses of the SAFs and SMADFs within the RSE licensee's business operations which relate to an associate transaction in item 6.

                     Report the expense transaction by relationship type in item 6.1. Report the type of relationship in column 1. The types of relationship are: RSE licensee, connected entity, joint venture, parent entity, other entity, director, employee or contractor or consultant, director of associate, associate of director (associate of RSE licensee) or associate of director (non-associate of RSE licensee). If the type of relationship is not listed in item 6.1 column 1, report the expense transaction in item 6.2. Report the description of the type of relationship with the associate in item 6.2 column 1.

                     For item 6.1 and item 6.2, report the name of the associate in column 2 and ABN of the associate in column 3.

                     For item 6.1 and item 6.2, report the value of the expenses paid to the associate in column 4, the type of expense paid as investment expenses, administration and operating expenses, advice expenses and insurance administration expenses in column 5 and a description of the expense in column 6.

                     Report the value of expenses paid in column 4 and type of expense paid in column 5 as equivalent to how expenses are reported on Reporting Form SRF 800.0 Financial Statements for each respective SAF or SMADF. .

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.

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.

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.

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.

Insurance administration expenses  Represents expense activities of an RSE licensee, life insurer, administrator or other service provider that relate to the administration or operation of acquired insurance or self-insurance arrangements to members. Excludes: expenses related to litigation