Corporations and Other Legislation Amendment (Corporate Collective Investment Vehicle Framework) Regulations 2022 (F2022L00469)
Schedule 3 Other amendments
Corporations Regulations 2001
31 After subclause 104(1A) of Schedule 10
Insert:
(1B) For an investment option that is a sub-fund of a retail CCIV, the indirect cost ratio ( ICR ) for the option is the ratio of the management costs for allsecurities referable to the sub-fund that are not deducted directly from a product holder's account to the total average net assets of the sub-fund.
Note: A fee deducted directly from a product holder's account is not included in the indirect cost ratio.
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