Commonwealth Consolidated Acts

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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 29VC

Activity fees and insurance fees to be charged on a cost recovery basis

  (1)   If the trustee, or the trustees, of a regulated superannuation fund charge an activity fee or an insurance fee to a member in relation to a MySuper product, the fee must be no more than it would be if it were charged on a cost recovery basis.

  (2)   The regulations may prescribe the way in which an activity fee or an insurance fee charged on a cost recovery basis is to be worked out.


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