Meaning of covered asset class, assumed index, assumed annual fee and assumed rate of tax
9AB.17 Meaning of covered asset class, assumed index, assumed annual fee and assumed rate of tax
Subregulations (2) to (5) define the following:
a covered asset class for a quarter starting on or after 1 July 2014;
the assumed index for a covered asset class for such a quarter;
the assumed annual fee for a covered asset class for such a quarter;
the assumed rate of tax for a covered asset class for such a quarter.
A covered asset class for a quarter mentioned in paragraph (1)(a) is a class of assets identified in an item of the table in subregulation (7) by its description.
For the purposes of this regulation, in determining a covered asset class for a quarter, treat the term Alternatives as having the same meaning as that term has in the asset allocation standard that applies in relation to the quarter.
The assumed index for a quarter mentioned in paragraph (1)(a) for a covered asset class for the quarter is the assumed index identified in the item of the table in subregulation (7) that identifies the covered asset class.
The assumed annual fee for a quarter mentioned in paragraph (1)(a) for a covered asset class for the quarter is the assumed annual fee identified in the item of the table in subregulation (7) that identifies the covered asset class.
The assumed rate of tax for a quarter mentioned in paragraph (1)(a) for a covered asset class for the quarter is the assumed rate of tax identified in the item of the table in subregulation (7) that identifies the covered asset class.
The table is as follows:
Covered asset classes, assumed indices, assumed annual fees and assumed tax rates for quarters starting on or after 1 July 2014 | ||||
|---|---|---|---|---|
Item | Description | Assumed index | Assumed annual fee | Assumed annual rate of tax |
1 | Australian Equity | ASA52 S&P/ASX 300 Total Return Index | 0.05% | 0.00% |
2 | International Equity (hedged; international economy type not specified or not applicable) | DE725341 MSCI All Country World Ex‑Australia Equities Index with Special Tax (100% hedged to AUD) | 0.11% | 14.00% |
3 | International Equity (hedged; emerging markets) | DA725342 MSCI Emerging Markets with Special Tax (100% hedged to AUD) | 0.16% | 14.00% |
4 | International Equity (hedged; developed markets) | DA750700 MSCI World ex Australia with Special Tax (100% hedged to AUD) | 0.10% | 14.00% |
5 | International Equity (unhedged; international economy type not specified or not applicable) | DN714533 MSCI All Country World Ex‑Australia Equities Index with Special Tax (unhedged in AUD) | 0.09% | 14.00% |
6 | International Equity (unhedged; emerging markets) | NA714531 MSCI Emerging Markets with Special Tax (unhedged in AUD) | 0.14% | 14.00% |
7 | International Equity (unhedged; developed markets) | NA714532 MSCI World ex Australia with Special Tax (unhedged in AUD) | 0.08% | 14.00% |
8 | Australian Listed Property | ASA6PROP S&P/ASX 300 A‑REIT Total Return Index | 0.12% | 14.00% |
9 | International Listed Property | RAHRSAH FTSE EPRA Nareit Developed ex Aus Rental 100% Hedged to AUD Net Tax (Super) Index | 0.22% | 14.00% |
10 | Australian Listed Infrastructure | FDCICSAH FTSE Developed Core Infrastructure 50/50 100% Hedged to AUD Net Tax (Super) Index | 0.26% | 14.00% |
11 | International Listed Infrastructure | FDCICSAH FTSE Developed Core Infrastructure 50/50 100% Hedged to AUD Net Tax (Super) Index | 0.26% | 14.00% |
12 | Australian Unlisted Property | MSCI/Mercer Australia Core Wholesale Monthly Property Fund Index – NAV‑Weighted Post‑Fee Total Return (All Funds) | 0% | 14.00% |
13 | International Unlisted Property | MSCI Global (Excl. Pan‑Europe and Pan‑Asia Funds) Quarterly Property Fund Index (Unfrozen) (Net Total Return; AUD fixed) | 0% | 14.00% |
14 | Australian Unlisted Infrastructure | MSCI Australia Quarterly Private Infrastructure Fund Index – 50th Percentile Post‑Fee Total Return (All Funds) | 0% | 14.00% |
15 | International Unlisted Infrastructure | MSCI Australia Quarterly Private Infrastructure Fund Index – 50th Percentile Post‑Fee Total Return (All Funds) | 0% | 14.00% |
16 | Australian Fixed Income | BACM0 Bloomberg Ausbond Composite 0+ Yr Index | 0.10% | 15.00% |
17 | Australian Fixed Income Excluding Credit | BAGV0 Bloomberg Ausbond Govt 0+ Yr Index | 0.08% | 15.00% |
18 | Australian Credit | BACR0 Bloomberg Ausbond Credit 0+ Yr Index | 0.15% | 15.00% |
19 | International Fixed Income | LEGATRAH Bloomberg Global Aggregate Index (hedged AUD) | 0.10% | 15.00% |
20 | International Fixed Income Excluding Credit | BTSYTRAH Bloomberg Global Treasury Index (hedged AUD) | 0.08% | 15.00% |
21 | International Credit | LGCPTRAH Bloomberg Global Aggregate Corporate Index (hedged AUD) | 0.15% | 15.00% |
22 | Australian Cash | BAUBIL Bloomberg Ausbond Bank Bill Index | 0.04% | 15.00% |
23 | International Cash | BAUBIL Bloomberg Ausbond Bank Bill Index | 0.04% | 15.00% |
24 | Alternatives | 0% | 0% | |
25 | Defensive Alternatives | 0% | 0% | |
26 | Growth Alternatives | 0% | 0% | |
This Act’s bill:Explanatory statement
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