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ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070
215Minimum entry balance rule
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215 Minimum entry balance rule
If the minimum balance required to enter a superannuation entity or a managed investment scheme is greater than $50,000, the Example of Annual Fees and Costs must be based on an amount that is the lowest multiple of $50,000 that exceeds the minimum entry balance.
Example: If a superannuation entity or a managed investment scheme has a minimum entry balance of $65,000, the relevant amount for the Example of Annual Fees and Costs is $100,000.