ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070
218Administration fees and costs, investment fees and costs and transaction costs for a superannuation product
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218 Administration fees and costs, investment fees and costs and transaction costs for a superannuation product
Administration fees and costs
(1) The example of administration fees and costs for a MySuper product or an investment option offered by a superannuation entity is applied to an amount of $50,000 or an amount that is a multiple of $50,000 if clause 215 applies.
(2) If there is a range in the amount of administration fees and costs that may be charged for a MySuper product or an investment option offered by a superannuation entity, the example must use the highest administration fees and costs in the range.
(2A) If the total amount of administration fees and costs includes an amount that applies regardless of the balance, the amounts must be disclosed in the table in clause 211 as follows:
| Administration fees and costs | [ ] ] ] | For every $50,000 you have in the superannuation product, you will be charged or have deducted from your investment $[ ] in administration fees and costs, plus $[ ] regardless of your balance |
|---|
Investment fees and costs
(3) The example of investment fees and costs for a MySuper product or an investment option offered by a superannuation entity is applied to an amount of $50,000 or an amount that is a multiple of $50,000 if clause 215 applies.
(3A) Where the amount for performance fees is negative, the amount of performance fees included in investment fees and costs in the example must be zero.
(4) If there is a range in the amount of investment fees and costs that may be charged for a MySuper product or an investment option offered by a superannuation entity, the example must use the highest investment fees and costs in the range.
(4A) The example of transaction costs for a MySuper product or an investment option offered by a superannuation entity is the amount of transaction costs net of any amount recovered by the buy-sell spread, applied to an amount of $50,000 or an amount that is a multiple of $50,000 if clause 215 applies.
(4B) If there is a range in the amount of transaction costs that may be charged for a MySuper product or an investment option offered by a superannuation entity, the example must use the highest transaction costs in the range.