103
In forceMeaning of transactional and operational costs
Schedule 10Disclosure of fees and other costs
Part 1Interpretation
103 Meaning of transactional and operational costs
Transactional and operational costs include the following:
(a)
brokerage;
(b)
buy‑sell spread;
(c)
settlement costs (including custody costs);
(d)
clearing costs;
(e)
stamp duty on an investment transaction.
This Act’s bill:Explanatory statement
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