Fees

Fee Table
Example of annual fees and costs
Additional explanation of fees and costs

Fee Table

Fees and other costs

Consumer Advisory Warning

Did You Know?

Small differences in both investment performance and fees and costs can have a substantial impact on your long term returns.

For example, total annual fees and costs of 2% of your fund balance rather than 1% could reduce your final return by up to 20% over a 30 year period (for example, reduce it from $100,000 to $80,000).

You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs.

You may be able to negotiate to pay lower contribution fees and management fees where applicable. Ask the fund or your financial adviser.

To Find Out More

If you would like to find out more, or see the impact of the fees based on your circumstances, the Australian Securities and Investments Commission (ASIC) website (www.fido.asic.gov.au) has a superannuation calculator to help you check out different fee options.

Fees and other costs

This document shows fees and other costs that you may be charged. These fees and costs may be deducted from your money, from the returns on your investment or from the fund assets as a whole.

Taxes and insurance costs are set out in another part of this document.

You should read all the information about fees and costs because it is important to understand their impact on your investment. The fees and costs for your investment are set out below.

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Additional explanation of fees and costs

General Information about Fees and Costs

The rules of the Fund provide the Trustee may deduct from the Fund the amount of any fees or expenses reasonably incurred by the Trustee or its delegates in relation to the Fund.

Management Costs

The Management Costs include three components:

• Administration fee
  The cost of the day-to-day operation of the Fund is funded by a weekly administration fee deducted from each member’s account. These deductions are credited to the Reserve Account of the Fund and then used to pay for administration, legal, audit, investment consulting and other professional services provided to the Fund. Any surplus monies in the Reserve Account may be used to top up the earnings allocated to members’ accounts from time to time. The total administration fee from members is $1.35 per week.
• The Investment Manager Fee
  The Investment Manager Fee is the fee for managing the Fund’s investments. This fee may change in future periods as changes occur in the Fund’s appointed investment managers currently the Investment Manager Fee is 0.53% pa.
• Performance Based Fees
  The Investment Management Fee component (ie the 0.53%) of the Management Costs of AUST(Q) include performance based fees. Performance fees are paid to relevant Fund Managers when they achieve investment returns which outperform agreed benchmarks.
  
  AUST(Q) has reasonable basis to conclude the performance based fees for the 2007/2008 year of income are likely to be between 0% to 0.20% (estimate only).

Tax

For information about taxation please refer to page 21 of the Product Disclosure Statement.

Insurance Fees

Insurance Premiums: This is the cost of insurance cover in the Fund. The premium deducted depends on the level of insurance cover you select and is deducted directly from your member
account monthly. The cost of :

• The Default Death cover is $5.00 per week.
• Income Protection cover is 12.5% of the Superannuation Guarantee. Further information on page 14 Product Disclosure Statement.

Incidental Fees

Family Law Fees:

Family Law Act information request: This fee is charged when an eligible person (as defined in the legislation) requests information under the Family Law Act. The Trustee charges a fee of $79.00 (inc GST) to the person requesting the information and is paid by cheque made payable to AUST(Q).

Family Law Act splitting account fee: This fee is charged to effect a Family Law splitting order or agreement. The Trustee charges a fee of $55.35 (ex GST). This fee is split equally between the two parties involved, unless the whole account balance is being transferred to the non-member spouse.

Location Fee:

Location fee: The Trustee will charge you a $33.00 fee if we do not have a current address for you and are required to undertake an address search. This fee is deducted directly from your member
account when a search is undertaken.

Fee increases and new fees:

The Trustee has the power to increase or introduce new fees at its discretion. Any fee increase or new fee will be advised to you at least 30 days prior to the increase being implemented.

Protection of small accounts
Please see page 19 of the Product Disclosure Statement.

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Example of annual fees and costs for AUST(Q)

This table gives an example of how the fees and costs in AUST(Q) can affect your superannuation investment over a 1 year period. You should use this table to compare AUST(Q) with other superannuation products.

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