Document ID: chunk:federal_register_of_legislation:F2024C01249:clause:10_101:p1
Version: federal_register_of_legislation:F2024C01249
Segment Type: clause
Provision Reference: sch 10 cl 101 (pt 1/3)
Character Range: 2165799–2168567

101  Definitions
  In this Schedule:
activity fee, for a superannuation product, has the meaning given by subsection 29V(7) of the SIS Act.
administration fee, for a superannuation product, has the meaning given by subsection 29V(2) of the SIS Act.
advice fee:
 (a) for a superannuation product—has the meaning given by subsection 29V(8) of the SIS Act; and
 (b) for a collective investment product—means an amount that is:
 (i) paid or payable to a financial adviser for financial product advice to a retail client or product holder about an investment; and
 (ii) not included in a contribution fee, withdrawal fee, exit fee, establishment fee or management cost.
balanced investment option means an investment option in which the ratio of investment in growth assets, such as shares or property, to investment in defensive assets, such as cash or bonds, is as close as practicable to 70:30.
brokerage means an amount paid or payable to a broker for undertaking a transaction for the acquisition or disposal of a financial product.
buy‑sell spread:
 (a) for a superannuation product—has the meaning given by subsection 29V(4) of the SIS Act; or
 (b) for a collective investment product (other than a security in a retail CCIV)—means an amount, deducted from the value of a financial product of a product holder, that represents an apportionment, among product holders, of the actual or estimated transaction costs incurred by the managed investment scheme; or
 (c) for a collective investment product that is a security in a retail CCIV that is referable to a sub‑fund of the CCIV—means an amount, deducted from the value of the security of a product holder, that represents an apportionment, among product holders for the sub‑fund, of the actual or estimated transaction costs incurred by the CCIV in respect of sub‑fund.
collective investment product means a managed investment product, a security in a retail CCIV or a foreign passport fund product.
contribution fee means an amount paid or payable against the initial, and any subsequent, contributions made into a product by or for a retail client for the product.
Note: A contribution may be made by an employer on behalf of the product holder or retail client.
distribution costs means the costs or amounts paid or payable for the marketing, offer or sale of a product.
Note: This includes any related adviser remuneration component other than an advice fee.
establishment fee means an amount paid or payable for the establishment of a client's interest in a 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