Document ID: chunk:federal_register_of_legislation:F2021C00160:body:0:p25
Version: federal_register_of_legislation:F2021C00160
Segment Type: other
Provision Reference: 
Character Range: 67098–70921

costs for a superannuation product

        This table gives an example of how the ongoing annual fees and costs for the [insert name of generic MySuper product or other investment option as required by subclause 220(1)] for this superannuation product can affect your superannuation investment over a 1-year period. You should use this table to compare this superannuation product with other superannuation products.

EXAMPLE—[insert name of generic MySuper product or other investment option as required by subclause 220(1)]    BALANCE OF $50,000
Administration fees and costs                                                                                         [ ]            For every $50,000 you have in the superannuation product, you will be charged or have deducted from your investment $[  ] in administration fees and costs
PLUS Investment fees and costs                                                                                        [ ]            And, you will be charged or have deducted from your investment $[  ] in investment fees and costs
PLUS Transaction costs                                                                                                [ ]            And, you will be charged or have deducted from your investment $[  ] in transaction costs
EQUALS Cost of product                                                                                                               If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $[  ] for the superannuation product.

     Note: * Additional fees may apply.

    212 Collective investment products—Example of Annual Fees and Costs for a balanced investment option or other investment option

        Example of annual fees and costs for a balanced investment option or other investment option

        This table gives an example of how the ongoing annual fees and costs in the balanced investment option for this product can affect your investment over a 1-year period. You should use this table to compare this product with other products offered by managed investment schemes.

EXAMPLE—[insert name of balanced investment option or other investment option required by subclause 220(2)]         BALANCE OF $50,000 WITH A CONTRIBUTION OF $5,000 DURING YEAR
Contribution Fees                                                                                                       [ ]                                                       For every additional $5,000 you put in, you will be charged between $0 and $[  ]
PLUS Management fees and costs                                                                                          [ ]                                                       And, for every $50,000 you have in the [insert name of balanced investment option or other investment option required by subclause 220(2)] you will be charged or have deducted from your investment $[  ] each year
PLUS Performance fees                                                                                                   [ ]                                                       And, you will be charged or have deducted from your investment $[  ] in performance fees each year
PLUS Transaction costs                                                                                                  [ ]                                                       And, you will be charged or have deducted from your investment $[  ] in transaction costs
EQUALS Cost of [insert name of balanced investment option or other investment option required by subclause 220(2)]                                                                If you had an investment of $50,000 at the beginning of the year and you put in an additional $5,000 during that year, you would be