SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993

PART 2C - MYSUPER  

Division 5 - Fees rules for MySuper products  

SECTION 29VC   ACTIVITY FEES AND INSURANCE FEES TO BE CHARGED ON A COST RECOVERY BASIS  

29VC(1)  
If the trustee, or the trustees, of a regulated superannuation fund charge an activity fee or an insurance fee to a member in relation to a MySuper product, the fee must be no more than it would be if it were charged on a cost recovery basis.

29VC(2)  
The regulations may prescribe the way in which an activity fee or an insurance fee charged on a cost recovery basis is to be worked out.


 

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