|
TYPE OF FEE OR COST
|
AMOUNT
|
HOW AND WHEN PAID
|
|
Fees when your money moves in or out of the fund
|
|
|
Establishment fee
*1
The fee to open your investment. |
Nil |
Not Applicable. |
Contribution fee
*1
The fee on each amount contributed to your investment – either by you or your employer. |
Nil |
Not Applicable. However, remember
to allow for the buy/sell spread which applies when you purchase units in any investment
option. |
Withdrawal fee
*1
The fee on each amount you take out of your investment. |
$30.00
This fee does not apply to retirement benefits paid in full as cash or transfers to the NGS
Super Account Based Pension. |
Deducted from your account each
time a benefit is paid. When member protection applies, the fee may be partly or fully
rebated. |
Termination fee
*1
The fee to close your investment. |
Nil |
Not applicable. |
|
Management costs
|
|
|
Administration fee
The fees and costs for managing your investment.
Investment management fee
The amount you pay for specific investment options is shown on page 28 of the
PDS. |
A flat fee of $65.00p.a.
*2 administration fee.
Plus
A percentage fee ranging from 0.13% p.a. for the Cash option to 0.85% p.a. for the Green
Shares option. |
The flat fee is deducted from a
members account on a weekly basis
($1.25 per week).
The percentage based fee is deducted from investment earnings prior to the unit price for
that investment option being determined. It is not charged directly to member accounts. |
Asset-based fee
The fee for fund expenses that cannot be met from the administration or investment fees. |
Up to 0.15% p.a. of assets. |
The asset-based fee is deducted
before the unit price is determined. It is therefore reflected in the Unit Price. |
|
Service fees
|
|
|
Investment switching fee
The fee for changing investment options.
The buy/sell spread you pay for specific investment options is shown on page 28. |
Members are entitled to one free investment change each financial year. Any additional
investment change will cost $30.
Plus
A percentage buy/sell spread ranging from 0.00% p.a. for the Cash option to 0.73% p.a. for
the International Shares option. |
Deducted from account balance at the time of the switch.
The buy-sell spread applies when you purchase or redeem units in any
investment option, either through new contributions or when changing your investment
mix. |
|
Family Law fees
|
|
|
Application for information
(in the format specified under the Family Law Act)
Splitting a benefit
Flagging a benefit
|
Members: $100
Non-members: $110
$100
None |
Payable to the Trustee by the
person making the request for information at the time a request is made.
This fee will be deducted from a member's account at the time of the split.
Not applicable. |
