CTHIn ForceLegislation
ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070
214Fees and costs must be ongoing amounts
Start here
Get a plain-English read of 214
Turn the raw legal text into a practical explanation grounded in ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070.
214 Fees and costs must be ongoing amounts
The fees and costs stated in the example must be typical ongoing fees that apply to the MySuper product or investment option.
Note: The example should not be based on “honeymoon rates”. It must be consistent with the statement for an existing member or product holder having the stated balance and level of contributions each year.