Commonwealth Consolidated Acts

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 29VE

    If, under the governing rules of a regulated superannuation fund:

  (a)   all or part of the administration fee in relation to a MySuper product is charged to those members of the fund who hold the product as a percentage of so much of the account balance of each of those members that relates to the MySuper product; and

  (b)   the amount of the administration fee is capped at a specified amount; and

  (c)   either:

  (i)   the cap is the same for all of those members; or

  (ii)   if the administration fee is charged at a reduced amount, in accordance with section   99G, in relation to one or more of those members--the cap is the same for all of the remainder of those members; and

  (d)   but for the fact that the administration fee is capped in that way, a charging rule in section   29VA would be satisfied in relation to the administration fee;

that charging rule is taken to be satisfied in relation to the administration fee.