Superannuation Industry (Supervision) Regulations 1994
PART 9AA
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REQUIREMENTS RELATING TO MYSUPER PRODUCTS
REGULATION 9.50
CAPPED FEES AND COSTS
9.50(1)
This regulation is made for the purposes of paragraph 99G(3)(c) of the Act.
9.50(2)
The amount prescribed as part of the capped fees and costs charged to a member of a regulated superannuation fund in relation to a MySuper product or choice product for a year of income of the fund is so much of the indirect cost of the MySuper product or the choice product for the year that is required to be reported to the member under section 1017D of the Corporations Act 2001 as:
(a) is not charged to the member as a fee; and
(b) is incurred by the trustee or the trustees of the fund in relation to the year; and
(c) relates to the administration of the fund or investment of the assets of the fund.
[ CCH Note: The first occurring Part 9A heading has been renumbered to Part 9AA, in line with an editorial change made by the Federal Register of Legislation under the Legislation Act 2003 .]
View history note
Hide history noteThis regulation is made for the purposes of paragraph 99G(3)(c) of the Act.
9.50(2)
The amount prescribed as part of the capped fees and costs charged to a member of a regulated superannuation fund in relation to a MySuper product or choice product for a year of income of the fund is so much of the indirect cost of the MySuper product or the choice product for the year that is required to be reported to the member under section 1017D of the Corporations Act 2001 as:
(a) is not charged to the member as a fee; and
(b) is incurred by the trustee or the trustees of the fund in relation to the year; and
(c) relates to the administration of the fund or investment of the assets of the fund.
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