Corporations Regulations 2001

SCHEDULE 10 - DISCLOSURE OF FEES AND OTHER COSTS  

(regulations 7.9.16K , 7.9.16M and 7.9.16N )

PART 2 - FEES AND COSTS TEMPLATE, EXAMPLE OF ANNUAL FEES AND COSTS AND CONSUMER ADVISORY WARNING FOR PRODUCT DISCLOSURE STATEMENTS  

Division 5 - Example of annual fees and costs  

212  

212   Collective investment products - Example of annual fees and costs for a balanced investment option  

Example of annual fees and costs for a balanced investment option

This table gives an example of how the fees and costs in the balanced investment option for this product can affect your investment over a 1 year period. You should use this table to compare this product with other products offered by [managed investment schemes / retail CCIVs] .

Table

Table

EXAMPLE - the Balanced Investment Option	BALANCE OF $ 50,000 WITH A CONTRIBUTION OF $ 5,000 DURING YEAR
Contribution Fees	0-4%	For every additional $ 5,000 you put in, you will be charged between $ 0 and $ 200.
PLUS Management Costs	1.3%	And , for every $ 50 000 you have in the balanced investment option you will be charged $ 650 each year.
EQUALS Cost of balanced investment option		If you had an investment of $ 50,000 at the beginning of the year and you put in an additional $ 5,000 during that year, you would be charged fees of from:
		$ 650 to $ 850 *
		What it costs you will depend on the investment option you choose and the fees you negotiate.

* Additional fees may apply:

Establishment fee - $ 50

And , if you leave the [managed investment scheme / retail CCIV] early, you may also be charged exit fees of between 0 and 5% of your total account balance (between $ 0 and $ 2,500 for every $ 50,000 you withdraw)