Superannuation Industry (Supervision) Amendment (Your Future, Your Super - Addressing Underperformance in Superannuation) Regulations 2023 (F2023L01063)

Schedule 1   Main amendments

Superannuation Industry (Supervision) Regulations 1994

62   Subregulation 9AB.24(1)

Insert:

applicable cost amount means:

(a) where it is possible to identify the Part 6A product's applicable transaction costs in relation to the relevant year from information available to APRA - means the applicable transaction costs; or

(b) otherwise - means the applicable indirect cost ratio.

applicable transaction costs has the meaning given by subregulation (4).