The fees and costs you pay can make a significant difference to your super. As an industry super fund, we’re run only to benefit our members — we keep our costs low so you can get the most from your super.
Fees shown include GST (unless stated otherwise) and stamp duty if applicable.
In order to meet our regulatory requirements under RG97.414 we are required to provide the following information:
The Fund reports fees and costs to assist members and potential members to compare products. These numbers must be calculated and reported in alignment with ASIC’s Regulatory Guide 97: Disclosing fees and costs in PDSs and periodic statements (September 2020).
In compliance with that guide, the fund has documented procedures for making reasonable estimates. Where reasonable estimates are used, the fund has taken reasonable steps to obtain what we believe is the best estimate of the relevant amount of fees and costs. Some of the information that we may use when making reasonable estimates of fees and costs include:
- the use of year-to-date costs for a particular investment and averaging of those costs where current information is unavailable and it is reasonable to use an average;
- the use of reasonable estimates of funds under management for particular asset classes within a product. One way these estimates are used is for apportioning flat-dollar costs equitably over time;
- we use estimates derived from similar investments where data is unavailable or has not yet been created (which can be the case for costs relating to new investments or investment transactions which are about to occur).
- where there is uncertainty around the full year costs relating to administration, a reasonable estimate is made based upon budgeted income and expenditure factoring actual experience for the period to date.