205Presentation of amounts

205 Presentation of amounts

(1) This clause and clauses 206, 207, 208, 210, 212, 214, 216, 218, 221, 223, 224, 225, 226, 227, and 229 are subject to regulations 7.9.15A, 7.9.15B and 7.9.15C.

(2) If a particular fee or cost is not charged, “nil”, “zero”, “0” or “not applicable” (if it would not be misleading) must be written in the relevant column opposite the type of fee or cost.

(3) If it is not possible to determine a single amount or percentage of a fee or cost, it may be written as a range of fees or costs.

(4) If the exact amount of a fee or cost paid or payable is not known, an amount that is a reasonable estimate of the amount attributable to the retail client must be shown.

(5) Any estimate used must be clearly designated as an estimate.

(6) If an amount or cost has a number of components, the amount of each component must be listed separately, except the Cost of Product Information amount, which must be listed as a single amount.

Example: Levies: 1.8% of the value of members points + $70 per year.

(7) A cost or amount paid or payable must include (as applicable) gross of:

(a) income tax and GST, after being reduced by any reduced input tax credits;

(b) stamp duty; and

(c) without adjustment in relation to:

(i) any tax deduction available to the responsible entity; or

(ii) the extent to which any tax deduction may be passed on to members.