sch.5A-sec.20Disclosure notes for scheme operator reports

### sch.5A-sec.20 Disclosure notes for scheme operator reports This section applies to a scheme operator report, mentioned in sections 16A (2) (c) , 16B (2) (c) or 16C (2) (c) of the regulation, for a fund budget. The report must include the following disclosure notes— for each line item of expected expenditure of the relevant fund that is material expenditure and is made up of more than 1 expense type—a note stating the breakdown, purpose and amounts of expense types forming part of the line item (to the extent not otherwise separately disclosed in the budget); For a line item for administration and management expenses, the note may list the types of expenses (for example, ‘accounting’, ‘human resources’, ‘web services’, ‘IT support’, ‘other’) and amounts forming part of the line item. if a line item of expected expenditure of the relevant fund includes a shared expense—a note stating— the other entities, types of entities or purposes for which the expense is expected to be incurred; and the method used to calculate the portion of the shared expense to be paid from the fund. In this section— relevant fund , in relation to a fund budget, means the capital replacement fund, the maintenance reserve fund or the general services charges fund to which the fund budget relates. (sch.5A-sec.20-ssec.1) This section applies to a scheme operator report, mentioned in sections 16A (2) (c) , 16B (2) (c) or 16C (2) (c) of the regulation, for a fund budget. (sch.5A-sec.20-ssec.2) The report must include the following disclosure notes— for each line item of expected expenditure of the relevant fund that is material expenditure and is made up of more than 1 expense type—a note stating the breakdown, purpose and amounts of expense types forming part of the line item (to the extent not otherwise separately disclosed in the budget); For a line item for administration and management expenses, the note may list the types of expenses (for example, ‘accounting’, ‘human resources’, ‘web services’, ‘IT support’, ‘other’) and amounts forming part of the line item. if a line item of expected expenditure of the relevant fund includes a shared expense—a note stating— the other entities, types of entities or purposes for which the expense is expected to be incurred; and the method used to calculate the portion of the shared expense to be paid from the fund. (sch.5A-sec.20-ssec.3) In this section— relevant fund , in relation to a fund budget, means the capital replacement fund, the maintenance reserve fund or the general services charges fund to which the fund budget relates. - (a) for each line item of expected expenditure of the relevant fund that is material expenditure and is made up of more than 1 expense type—a note stating the breakdown, purpose and amounts of expense types forming part of the line item (to the extent not otherwise separately disclosed in the budget); Example— For a line item for administration and management expenses, the note may list the types of expenses (for example, ‘accounting’, ‘human resources’, ‘web services’, ‘IT support’, ‘other’) and amounts forming part of the line item. - (b) if a line item of expected expenditure of the relevant fund includes a shared expense—a note stating— (i) the other entities, types of entities or purposes for which the expense is expected to be incurred; and (ii) the method used to calculate the portion of the shared expense to be paid from the fund. - (i) the other entities, types of entities or purposes for which the expense is expected to be incurred; and - (ii) the method used to calculate the portion of the shared expense to be paid from the fund. - (i) the other entities, types of entities or purposes for which the expense is expected to be incurred; and - (ii) the method used to calculate the portion of the shared expense to be paid from the fund.