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 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  

211  

211   Superannuation products - Example of annual fees and costs for a MySuper product  

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This table gives an example of how the fees and costs for the generic MySuper product for this superannuation product can affect your superannuation investment over a 1 year period. You should use this table to compare this superannuation product with other superannuation products.

EXAMPLE - MySuper product	BALANCE OF $50 000
Investment fees	1.6%	For every $50 000 you have in the MySuper product you will be charged $800 each year
PLUS Administration fees	$52 ($1 per week)	And , you will be charged $52 in administration fees regardless of your balance
PLUS Indirect costs for the MySuper product	1.2%	And , indirect costs of $600 each year will be deducted from your investment
EQUALS Cost of product		If your balance was $50 000, then for that year you will be charged fees of $1 452 for the MySuper product.

Note: * Additional fees may apply.

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History

Cl 211 amended by FRLI No F2019L00539, Sch 1[17] (effective 6 April 2019).

Cl 211 substituted by SLI 2013 No 155, Sch 1[47].

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