Corporations Regulations 2001

SCHEDULE 10 - DISCLOSURE OF FEES AND OTHER COSTS  

(regulations 7.9.16K , 7.9.16M and 7.9.16N )

Modifying legislative instruments

PART 3 - FEES AND COSTS IN PERIODIC STATEMENTS  

Division 1 - Other Management Costs  

301   Indirect costs related to investment and administration of accounts  

301(1)    
The following text and the appropriate amount, in dollars, must be inserted after the part of the periodic statement that itemises transactions during the period.

Indirect costs of your investment

This approximate amount has been deducted from your investment and includes amounts that have reduced the return on your investment but are not charged directly to you as a fee.

301(2)    
The amount inserted must include:

(a) for a MySuper product or an investment option offered by a superannuation entity - the indirect costs for the MySuper product or investment option; and

(b) for an investment option offered by a managed investment scheme or a retail CCIV - all management costs not deducted directly from a product holder ' s account during the reporting period.

301(3)    
The amount must be shown as a single total amount in dollars.

301(4)    
The amount for a collective investment product must be calculated by multiplying the indirect cost ratio for the relevant investment option by the product holder ' s average account balance for the option over the reporting period.