Template for a multiple fee structure—collective investment products
202 Template for a multiple fee structure—collective investment products
Fees and other costs
This document shows fees and other costs that you may be charged. These fees and costs may be deducted from your money, from the returns on your investment or from the assets of the [managed investment scheme / retail CCIV] as a whole.
Taxes and insurance costs are set out in another part of this document.
You have 2 different fee payment options:
to pay contribution fees upfront, at the time when you make each investment into the [managed investment scheme / retail CCIV]; or
to pay contribution fees later (for example, on the termination of your investment or by way of other increased fees).
You may pay more in total fees if you choose to pay contribution fees later.
You should read all the information about fees and costs because it is important to understand their impact on your investment.
[If relevant] Fees and costs for particular investment options are set out on page [insert page number].
[Name of collective investment product] | |||
Type of fee or cost | Amount | How and when paid | |
| Option to pay contribution fees upfront | Option to pay contribution fees later |
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Fees when your money moves in or out of the product |
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Establishment fee The fee to open your investment |
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Contribution fee¹ The fee on each amount contributed to your investment |
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Withdrawal fee¹ The fee on each amount you take out of your investment |
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Exit fee¹ The fee to close your investment |
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Management costs |
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The fees and costs for managing your investment¹ The amount you pay for specific investment options is shown at page [insert page number] |
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Service fees² |
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Switching fee The fee for changing investment options |
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1. This fee includes an amount payable to an adviser. (See Division 4, “Adviser remuneration” under the heading “Additional Explanation of Fees and Costs”.)
2. [If there are other service fees, such as advice fees or special request fees, include a cross‑reference to the “Additional Explanation of Fees and Costs”.]
This Act’s bill:Explanatory statement
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