SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 11A - GENERAL FEES RULES  

SECTION 99C   BUY-SELL SPREADS AND SWITCHING FEES TO BE CHARGED ON A COST RECOVERY BASIS  

99C(1)  


If the trustee, or the trustees, of a regulated superannuation fund or an approved deposit fund charge a buy-sell spread or a switching fee, the fee must be no more than it would be if it were charged on a cost recovery basis.

99C(2)  


The regulations may prescribe the way in which a buy-sell spread or a switching fee charged on a cost recovery basis is to be worked out.



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