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Superannuation Industry (Supervision) Regulations 1994

PART 9AB - ANNUAL PERFORMANCE ASSESSMENTS ETC.  

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Division 9AB.2 - Performance assessments  

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REGULATION 9AB.17   MEANING OF COVERED ASSET CLASS, ASSUMED INDEX, ASSUMED ANNUAL FEE AND ASSUMED RATE OF TAX  

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9AB.17(1)    
Subregulations (2) to (5) define the following:

(a)    a covered asset class for a quarter starting on or after 1 July 2014;

(b)    the assumed index for a covered asset class for such a quarter;

(c)    the assumed annual fee for a covered asset class for such a quarter;

(d)    the assumed rate of tax for a covered asset class for such a quarter.

9AB.17(2)    
A covered asset class for a quarter mentioned in paragraph (1)(a) is a class of assets identified in an item of the table in subregulation (7) by its description.

9AB.17(3)    

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For the purposes of this regulation, in determining a covered asset class for a quarter, treat the term Alternatives as having the same meaning as that term has in the asset allocation standard that applies in relation to the quarter.
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9AB.17(4)    
The assumed index for a quarter mentioned in paragraph (1)(a) for a covered asset class for the quarter is the assumed index identified in the item of the table in subregulation (7) that identifies the covered asset class.

9AB.17(5)    
The assumed annual fee for a quarter mentioned in paragraph (1)(a) for a covered asset class for the quarter is the assumed annual fee identified in the item of the table in subregulation (7) that identifies the covered asset class.

9AB.17(6)    
The assumed rate of tax for a quarter mentioned in paragraph (1)(a) for a covered asset class for the quarter is the assumed rate of tax identified in the item of the table in subregulation (7) that identifies the covered asset class.

9AB.17(7)    

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The table is as follows:


Covered asset classes, assumed indices, assumed annual fees and assumed tax rates for quarters starting on or after 1 July 2014
Item Description Assumed index Assumed annual fee Assumed annual rate of tax
1 Australian Equity ASA52
S & P/ASX 300 Total Return Index		 0.05% 0.00%
2 International Equity (hedged; international economy type not specified or not applicable) DE725341
MSCI All Country World Ex-Australia Equities Index with Special Tax (100% hedged to AUD)		 0.11% 14.00%
3 International Equity (hedged; emerging markets) DA725342
MSCI Emerging Markets with Special Tax (100% hedged to AUD)		 0.16% 14.00%
4 International Equity (hedged; developed markets) DA750700
MSCI World ex Australia with Special Tax (100% hedged to AUD)		 0.10% 14.00%
5 International Equity (unhedged; international economy type not specified or not applicable) DN714533
MSCI All Country World Ex-Australia Equities Index with Special Tax (unhedged in AUD)		 0.09% 14.00%
6 International Equity (unhedged; emerging markets) NA714531
MSCI Emerging Markets with Special Tax (unhedged in AUD)		 0.14% 14.00%
7 International Equity (unhedged; developed markets) NA714532
MSCI World ex Australia with Special Tax (unhedged in AUD)		 0.08% 14.00%
8 Australian Listed Property ASA6PROP
S & P/ASX 300 A-REIT Total Return Index		 0.12% 14.00%
9 International Listed Property RAHRSAH
FTSE EPRA Nareit Developed ex Aus Rental 100% Hedged to AUD Net Tax (Super) Index		 0.22% 14.00%
10 Australian Listed Infrastructure FDCICSAH
FTSE Developed Core Infrastructure 50/50 100% Hedged to AUD Net Tax (Super) Index 		0.26% 14.00%
11 International Listed Infrastructure FDCICSAH
FTSE Developed Core Infrastructure 50/50 100% Hedged to AUD Net Tax (Super) Index		 0.26% 14.00%
12 Australian Unlisted Property MSCI/Mercer Australia Core Wholesale Monthly Property Fund Index - NAV-Weighted Post-Fee Total Return (All Funds) 0% 14.00%
13 International Unlisted Property MSCI Global (Excl. Pan-Europe and Pan-Asia Funds) Quarterly Property Fund Index (Unfrozen) (Net Total Return; AUD fixed) 0% 14.00%
14 Australian Unlisted Infrastructure MSCI Australia Quarterly Private Infrastructure Fund Index (Unfrozen) - 50th Percentile Post-Fee Total Return (All Funds) 0% 14.00%
15 International Unlisted Infrastructure MSCI Australia Quarterly Private Infrastructure Fund Index (Unfrozen) - 50th Percentile Post-Fee Total Return (All Funds) 0% 14.00%
16 Australian Fixed Income BACM0
Bloomberg Ausbond Composite 0+ Yr Index		 0.10% 15.00%
17 Australian Fixed Income Excluding Credit BAGV0
Bloomberg Ausbond Govt 0+ Yr Index		 0.08% 15.00%
18 Australian Credit BACR0
Bloomberg Ausbond Credit 0+ Yr Index		 0.15% 15.00%
19 International Fixed Income LEGATRAH
Bloomberg Global Aggregate Index (hedged AUD)		 0.10% 15.00%
20 International Fixed Income Excluding Credit BTSYTRAH
Bloomberg Global Treasury Index (hedged AUD)		 0.08% 15.00%
21 International Credit LGCPTRAH
Bloomberg Global Aggregate Corporate Index (hedged AUD)		 0.15% 15.00%
22 Australian Cash BAUBIL
Bloomberg Ausbond Bank Bill Index		 0.04% 15.00%
23 International Cash BAUBIL
Bloomberg Ausbond Bank Bill Index		 0.04% 15.00%
24 Alternatives   0% 0%
25 Defensive Alternatives   0% 0%
26 Growth Alternatives   0% 0%


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