Corporations Regulations 2001

The following text and the appropriate amount, in dollars, must be inserted after the part of the periodic statement that itemises transactions during the period.

The amount inserted must include:

for a MySuper product or an investment option offered by a superannuation entity—the indirect costs for the MySuper product or investment option; and

for an investment option offered by a managed investment scheme or a retail CCIV—all management costs not deducted directly from a product holder’s account during the reporting period.

The amount must be shown as a single total amount in dollars.

The amount for a collective investment product must be calculated by multiplying the indirect cost ratio for the relevant investment option by the product holder’s average account balance for the option over the reporting period.