Document ID: chunk:federal_register_of_legislation:F2024C01249:clause:10_101:p2
Version: federal_register_of_legislation:F2024C01249
Segment Type: clause
Provision Reference: sch 10 cl 101 (pt 2/3)
Character Range: 2168316–2171096

product.
Note: This does not include contribution fees paid or payable against the initial contribution into the product.
exit fee:
 (a) for a superannuation product—has the meaning given by subsection 99BA(2) of the SIS Act; and
 (b) for a collective investment product (other than a security in a retail CCIV)—means an amount paid or payable on the disposal of all interests held in the product; and
 (c) for a collective investment product that is a security in a retail CCIV—means an amount paid or payable on the disposal of the security.
incidental fees means costs or amounts, other than costs or fees defined in this clause, that are:
 (a) paid or payable in relation to the product; and
 (b) not material to a retail client's decision to acquire, hold or dispose of his or her interest in the product.
Example: Cheque dishonour fees.
indirect cost of a MySuper product or an investment option offered by a superannuation entity means any amount that:
 (a) a trustee of the entity knows, or reasonably ought to know, will directly or indirectly reduce the return on the investment of a member of the entity in the MySuper product or investment option; and
 (b) is not charged to the member as a fee.
insurance fee, for a superannuation product, has the meaning given by subsection 29V(9) of the SIS Act.
investment fee, for a superannuation product, has the meaning given by subsection 29V(3) of the SIS Act.
lifecycle MySuper product has the meaning given by regulation 7.9.07N.
lifecycle stage has the meaning given by regulation 7.9.07N.
performance, of a collective investment product, a superannuation product, a MySuper product or an investment option, includes:
 (a) income in relation to the assets of, or attributed to, the collective investment product, the superannuation product, the MySuper product or the investment option; and
 (b) capital appreciation (realised or unrealised) to the value of the collective investment product, the superannuation product, the MySuper product or the investment option.
performance fee means an amount paid or payable, calculated by reference to the performance of a collective investment product, a superannuation product, a MySuper product or an investment option.
service fees means advice fees, special request fees and switching fees.
special request fees includes fees paid or deducted from a product holder's collective investment product for a request made to:
 (a) for a product that is a managed investment product for a managed investment scheme—the managed investment scheme; or
 (b) for a product that is a security in a retail CCIV that is referable to a sub‑fund of the CCIV—the CCIV in respect of the sub‑fund.
Example: This applies to a fee for a request for additional information from a managed investment