|
Type
of Fee or Cost
|
Amount
|
How & When Paid
|
|
Fees when your
money moves in or out of the Fund
|
|
Establishment fee
The fee to open your investment.
|
Nil
|
Not applicable
|
|
Contribution
fee
The fee on each amount contributed to your investment.
|
Nil
|
Not applicable
|
|
Withdrawal fee
The fee on each amount you take out of your investment.
|
$30.00
|
Charged when the benefit payment is made. It is deducted
from the benefit payment amount.
|
|
Termination fee
The fee to close your account.
|
Nil
|
Not applicable
|
|
Management
costs – the fees and costs for managing your investment
|
|
Administration
fee
This fee covers the general administration of the AESuper,
the operations of the Trustee office, and communications and marketing.
|
$0.95 per week
|
Deducted from Member’s accounts monthly on the last day of
the month or on the date of withdrawal.
|
|
Investment management
fee
This fee covers the administration cost of managing the
AESuper investment options.
|
0.45% p.a.
|
Charged daily and deducted from the investment portfolios
before the investment return is determined each day.
|
|
Investment -
related fee
This fee covers the total cost of investment managers and transaction costs of
managing the assets of AESuper.
|
This fee is between 0.07% p.a. and 0.39% p.a.
(See investment fees section) These fees are estimates only based on
historical amounts for the period 1 July 2006 to 30 June 2007.) |
Calculated daily and deducted from the investment portfolios
before the investment return is determined each day.
|
|
Expense
recovery
This is any expense the Trustee is entitled to deduct for
costs of running AESuper which are not covered elsewhere.
|
up to 0.25% p.a.
|
Deducted as incurred from the investment portfolios and
reflected in member’s account balances as a result of the interim and final
interest rate calculations.
|
|
Service fees
|
|
Adviser
service fee
The fee charged by AESuper for advice about your
investment.
|
Nil
|
Not applicable
|
|
Investment
switching fee
The fee charged to switch investment options.
|
Nil
|
Not applicable
|
