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ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070
211Superannuation products—Example of Annual Fees and Costs
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211 Superannuation products—Example of Annual Fees and Costs
Example of annual fees and costs for a superannuation product
This table gives an example of how the ongoing annual fees and costs for the [insert name of generic MySuper product or other investment option as required by subclause 220(1)] 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.
<table cellspacing="0" cellpadding="0" style="width:92.08%; margin-left:28.1pt; border:0.75pt solid #000000; border-collapse:collapse"><tbody><tr><td colspan="2" style="border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:0pt; text-indent:0pt"><span style="font-weight:bold">EXAMPLE—</span><span style="font-style:italic">[insert name of generic MySuper product or other investment option as required by subclause</span><span style="font-style:italic"> </span><span style="font-style:italic">220(1)]</span><span></span></p></td><td style="width:54.74%; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:8.15pt; text-indent:0pt"><span style="font-weight:bold">BALANCE OF $50,000</span></p></td></tr><tr style="height:60.05pt"><td style="width:25.56%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:1.85pt; text-indent:0pt"><span>Administration fees and costs</span></p></td><td style="width:19.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:63.8pt"><span>[ ]</span></p></td><td style="width:54.74%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:8.15pt; text-indent:0pt"><span>For every $50,000 you have in the superannuation product, you will be charged or have deducted from your investment </span><span style="font-weight:bold">$[ </span><span style="font-weight:bold"></span><span style="font-weight:bold">]</span><span> in administration fees and costs</span></p></td></tr><tr><td style="width:25.56%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:0pt; text-indent:0pt"><span style="font-weight:bold">PLUS</span><span> Investment fees and costs</span></p></td><td style="width:19.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:63.8pt"><span>[ ]</span></p></td><td style="width:54.74%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:8.15pt; text-indent:0pt"><span style="font-weight:bold">And</span><span>, you will be charged or have deducted from your investment </span><span style="font-weight:bold">$[</span><span style="font-weight:bold"> </span><span style="font-weight:bold">]</span><span> in investment fees and costs</span></p></td></tr><tr><td style="width:25.56%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.03pt; vertical-align:top"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:0pt; text-indent:0pt"><span style="font-weight:bold">PLUS </span><span>Transaction costs</span></p></td><td style="width:19.7%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:63.8pt"><span>[ ]</span></p></td><td style="width:54.74%; border-top:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:8.15pt; text-indent:0pt"><span style="font-weight:bold">And</span><span>, you will be charged or have deducted from your investment </span><span style="font-weight:bold">$[</span><span style="font-weight:bold"> </span><span style="font-weight:bold">]</span><span> in transaction costs</span></p></td></tr><tr><td style="width:25.56%; border-top:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.03pt; vertical-align:top"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:0pt; text-indent:0pt"><span style="font-weight:bold">EQUALS</span><span> Cost of product</span></p></td><td style="width:19.7%; border-top:0.75pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p><span></span></p></td><td style="width:54.74%; border-top:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.4pt; vertical-align:top"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:8.15pt; text-indent:0pt"><span>If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of </span><span style="font-weight:bold">$[</span><span style="font-weight:bold"> </span><span style="font-weight:bold"></span><span style="font-weight:bold">]</span><span> for the superannuation product.</span></p></td></tr></tbody></table> ``` <table cellspacing="0" cellpadding="0" style="width:92.08%; margin-left:28.1pt; border:0.75pt solid #000000; border-collapse:collapse"><thead><tr><td colspan="2" style="border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:1.85pt; text-indent:0pt"><span style="font-weight:bold">EXAMPLE</span><span>—</span><span style="font-style:italic">[insert</span><span style="font-style:italic"> </span><span style="font-style:italic">name of balanced investment option or other investment option required by subclause 220(2)]</span><span></span></p></td><td style="width:53.06%; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:1.75pt; text-indent:0pt"><span style="font-weight:bold">BALANCE OF $50,000 WITH A CONTRIBUTION OF $5,000 DURING YEAR</span></p></td></tr></thead><tbody><tr><td style="width:34.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:1.85pt; text-indent:0pt"><span>Contribution Fees</span></p></td><td style="width:12.64%; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:28.35pt"><span>[ ]</span></p></td><td style="width:53.06%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:1.75pt; text-indent:0pt"><span>For every additional $5,000 you put in, you will be charged between $0 and </span><span style="font-weight:bold">$[</span><span style="font-weight:bold"> </span><span style="font-weight:bold"></span><span style="font-weight:bold">]</span></p></td></tr><tr><td style="width:34.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:1.85pt; text-indent:0pt"><span style="font-weight:bold">PLUS</span><span> Management fees and costs</span></p></td><td style="width:12.64%; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:28.35pt"><span>[ ]</span></p></td><td style="width:53.06%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:1.75pt; text-indent:0pt"><span style="font-weight:bold">And</span><span>, for every $50,000 you have in the </span><span style="font-style:italic">[insert</span><span style="font-style:italic"> </span><span style="font-style:italic">name of balanced investment option or other investment option required by subclause 220(2)] </span><span>you will be charged or have deducted from your investment </span><span style="font-weight:bold">$[</span><span style="font-weight:bold"> </span><span style="font-weight:bold">]</span><span> each year</span></p></td></tr><tr><td style="width:34.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:1.85pt; text-indent:0pt"><span style="font-weight:bold">PLUS </span><span>Performance fees</span></p></td><td style="width:12.64%; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:28.35pt"><span>[ ]</span></p></td><td style="width:53.06%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:1.75pt; text-indent:0pt"><span style="font-weight:bold">And</span><span>, you will be charged or have deducted from your investment </span><span style="font-weight:bold">$[</span><span style="font-weight:bold"> </span><span style="font-weight:bold">]</span><span> in performance fees each year</span></p></td></tr><tr><td style="width:34.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:1.85pt; text-indent:0pt"><span style="font-weight:bold">PLUS </span><span>Transaction costs</span></p></td><td style="width:12.64%; border:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:28.35pt"><span>[ ]</span></p></td><td style="width:53.06%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; border-bottom:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top; background-color:#ffffff"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:1.75pt; text-indent:0pt"><span style="font-weight:bold">And</span><span>, you will be charged or have deducted from your investment </span><span style="font-weight:bold">$[</span><span style="font-weight:bold"> </span><span style="font-weight:bold">]</span><span> in transaction costs</span></p></td></tr><tr><td style="width:34.3%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:1.85pt; text-indent:0pt"><span style="font-weight:bold">EQUALS</span><span> Cost of </span><span style="font-style:italic">[insert</span><span style="font-style:italic"> </span><span style="font-style:italic">name of balanced investment option or other investment option required by subclause 220(2)]</span></p></td><td style="width:12.64%; border-top:0.75pt solid #000000; border-right:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:63.8pt"><span></span></p></td><td style="width:53.06%; border-top:0.75pt solid #000000; border-left:0.75pt solid #000000; padding-right:5.03pt; padding-left:5.03pt; vertical-align:top"><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:1.75pt; text-indent:0pt"><span>If you had an investment of $50,000 at the beginning of the year and you put in an additional $5,000 during that year, you would be charged fees and costs in the range of:</span></p><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:1.75pt; text-indent:0pt; text-align:center"><span style="font-weight:bold">$[</span><span style="font-weight:bold"> </span><span style="font-weight:bold">] to $[</span><span style="font-weight:bold"> </span><span style="font-weight:bold">]*</span></p><p class="LI-BodyTextNumbered" style="margin-top:0pt; margin-left:1.75pt; text-indent:0pt; text-align:center"><span style="font-weight:bold">What it costs you will depend on the investment option you choose and the fees you negotiate.</span></p></td></tr></tbody></table> ```