Corporations Regulations 2001

SCHEDULE 10 - DISCLOSURE OF FEES AND OTHER COSTS  

(regulations 7.9.16K , 7.9.16M and 7.9.16N )

PART 2 - FEES AND COSTS TEMPLATE, EXAMPLE OF ANNUAL FEES AND COSTS AND CONSUMER ADVISORY WARNING FOR PRODUCT DISCLOSURE STATEMENTS  

Division 5 - Example of annual fees and costs  

211  

211   Superannuation products - Example of annual fees and costs for a MySuper product  

This table gives an example of how the fees and costs for the generic MySuper product for this superannuation product can affect your superannuation investment over a 1 year period. You should use this table to compare this superannuation product with other superannuation products.

EXAMPLE - MySuper product	BALANCE OF $ 50 000
Investment fees	1.6 %	For every $ 50 000 you have in the MySuper product you will be charged $ 800 each year
PLUS Administration fees	$ 52 ( $ 1 per week)	And , you will be charged $ 52 in administration fees regardless of your balance
PLUS Indirect costs for the MySuper product	1.2 %	And , indirect costs of $ 600 each year will be deducted from your investment
EQUALS Cost of product		If your balance was $ 50 000, then for that year you will be charged fees of $ 1 452 for the MySuper product.

Note: Additional fees may apply.