215
In forceMinimum entry balance rule
Schedule 10Disclosure of fees and other costs
Part 2Fees and Costs Template, example of annual fees and costs and Consumer Advisory Warning for Product Disclosure Statements
Division 6How to fill in the example of annual fees and costs
215 Minimum entry balance rule
If the minimum balance required to enter a superannuation entity, a managed investment scheme or a retail CCIV is greater than $50 000, the example of annual fees and costs must be based on an amount that is the lowest multiple of $50 000 that exceeds the minimum entry balance.
Example:
If a superannuation entity, a managed investment scheme or a retail CCIV has a minimum entry balance of $65 000, the relevant amount for the example of annual fees and costs is $100 000.
This Act’s bill:Explanatory statement
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