Document ID: chunk:federal_register_of_legislation:C2015C00050:clause:1_29ve
Version: federal_register_of_legislation:C2015C00050
Segment Type: clause
Provision Reference: sch 1 cl 29VE
Character Range: 36073–36832

29VE  Percentage‑based administration fees may be capped
  If, under the governing rules of a regulated superannuation fund:
 (a) all or part of the administration fee in relation to a MySuper product is charged to those members of the fund who hold the product as a percentage of so much of the account balance of each of those members that relates to the MySuper product; and
 (b) the amount of the administration fee is capped at a specified amount; and
 (c) the cap is the same for all of those members; and
 (d) but for the fact that the administration fee is capped in that way, a charging rule in section 29VA would be satisfied in relation to the administration fee;
that charging rule is taken to be satisfied in relation to the administration fee.