Document ID: chunk:federal_register_of_legislation:F2015L00817:body:0:p7
Version: federal_register_of_legislation:F2015L00817
Segment Type: other
Provision Reference: 
Character Range: 16899–19456

the fee rebate or fee discount in column 3 and the aggregate value of the fee rebate or fee discount applied to the member accounts in column 3, in column 4.

                The fee types are: administration fee, advice fee, exit fee, insurance fee, investment fee, switching fee and 'other fee'.

Fee discount    Represents a discount applied against fees charged to members.

Member account  Represents a distinct entry recorded in the register of member accounts (or other equivalent mechanism).

Activity fees

Item 3 collects each activity fee paid and the manner in which it was paid.

Item 3  Report the aggregate amount of each activity fee as a separate line in item 3. Where a fee has been paid via one or more sources, report a separate line for each source of payment for that fee.

        Report a description of the activity fee in item 3 column 1.

        If the activity fee is charged in relation to the provision of financial product advice, report 'yes' in item 3 column 2; otherwise, report 'no'.

        Report the source of payment in item 3 column 3, in respect of the type of fee paid reported in item 3 column 1.

        Report the value of fees paid by each source, gross of any fee rebate, in item 3 column 4.

        Where the source of payment is not listed in item 3 column 3 report the fee in item 3.1. Report a description of the activity fee in column 1. If the activity fee is charged in relation to the provision of financial product advice, report 'yes' in column 2; otherwise, report 'no'. Report a description of the source of payment in column 3, in respect of the type of fee reported in column 1. Report the value of fees paid by each source, gross of any fee rebate, in column 4.

        The sources of payment are: fee paid by member, fee paid by employer-sponsor, fee paid by reserve and fee paid by RSE licensee.

Activity fee rebates and discounts

Item 4 collects fee rebates and fee discounts applied to each activity fee paid.

Item 4  Report each activity fee to which a fee rebate or fee discount applies as a separate line in item 4. If there were no fee rebates or fee discounts for any activity fees, leave item 4 blank.

        Report aggregate fee rebates and aggregate fee discounts for each activity fee on separate lines.

        Report the same description of the activity fee in item 4 column 1 as reported in item 3 column 1 or item 3.1 column 1, as relevant. Report a description of the fee rebate or fee discount in column 2, the number of member accounts which received the