Commonwealth Consolidated Regulations

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Capped fees and costs

  (1)   This regulation is made for the purposes of paragraph   99G(3)(c) of the Act.

  (2)   The amount prescribed as part of the capped fees and costs charged to a member of a regulated superannuation fund in relation to a MySuper product or choice product for a year of income of the fund is so much of the indirect cost of the MySuper product or the choice product for the year that is required to be reported to the member under section   1017D of the Corporations Act 2001 as:

  (a)   is not charged to the member as a fee; and

  (b)   is incurred by the trustee or the trustees of the fund in relation to the year; and

  (c)   relates to the administration of the fund or investment of the assets of the fund.

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