Corporations Regulations 2001

This clause, clause 205 and clause 206 are subject to regulations 7.9.15A, 7.9.15B and 7.9.15C.

If a particular fee or cost is not charged, ‘nil’, ‘zero’, ‘0’ or ‘not applicable’ (if it would not be misleading) must be written in column 2 opposite the type of fee or cost.

If it is not possible to determine a single amount or percentage of a fee or cost, it may be written as a range of fees or costs.

If the exact amount of a fee or cost paid or payable is not known, an amount that is a reasonable estimate of the amount attributable to the retail client must be shown.

An amount set out in accordance with subclause (4) must be clearly designated as an estimate.

If an amount or cost has a number of components, the amount of each component must be listed separately.

Management costs: 1.8% of product holder’s balance + $70 per year.

A cost or amount paid or payable must include (if applicable):

for each collective investment product:

GST, after being reduced by any reduced input tax credits; and

stamp duty; and

for each collective investment product offered by an Australian passport fund or a notified foreign passport fund:

any indirect taxes equivalent to GST that are payable in another jurisdiction, after being reduced by any applicable tax credits that are available in that jurisdiction; and

any duties equivalent to stamp duty that are payable in another jurisdiction.