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Fees and costs

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Fees from 1 July 2011

Type of fee or cost	Amount	How and 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 for each amount contributed to your investment - either by you or your employer	Nil	Not applicable
Withdrawal fee: The fee on each amount you take out of your investment	$38 each lump sum withdrawal, partial rollover or contribution split application.	The fee is deducted from your accumulation component/account when you make a lump sum withdrawal, partial rollover or contribution split application.
Termination fee: The fee to close your investment	Nil	Not applicable
Management costs The fees and costs for managing your investment	Administration fee $209 per annum	The fee is allowed for in the formula used to calculate your benefit.
	Indirect cost ratio (ICR) Ranges between 0.12% and 0.65% Find out the estimated amount you pay for each investment option here.	The ICR is allowed for in the formula used to calculate your benefit. The applicable ICR is deducted from the assets of the investment option on your accumulation component on a quarterly basis before the calculation of investment returns.
Service fees
Investment switching fee The fee for changing investment options within the accumulation component of your account.	The first switch per account in each financial year is free of charge. All subsequent switches will be charged a fee of $27 per switch.	The fee is deducted from all the investment options(s) you have chosen on a pro-rata basis from your accumulation account when you make an investment switch.
Self-Select investment fee The fee applies if you invest your account in one or more investment options from the Self-Select investment menu	$30 per six-monthly statement period	The fee is deducted from all the investment option(s) you have chosen on a pro-rata basis from the accumulation component of your Defined Benefit Division account at the end of each statement period (or part thereof) and in the final reporting period before you close your account.
Family law fees The application fee is charged when a request is made for information about a member's superannuation interest. The transaction fee is charged when the following actions take place: a payment split, a payment flag, lifting a payment flag where it does not result in a payment split or terminating a payment flag.	$77 per application $66 per transaction	The application fee is payable when a member account information application is made. The transaction fees for splitting and flagging are deducted in equal proportions from both members' accounts. If all of the superannuation interest is to be paid to one party in a payment split, then that party will pay the entire transaction fee.
Insurance costs
Inbuilt Death and Disablement benefits	As a member of the Defined Benefit Division the cost of the inbuilt benefits is allowed for in the benefit formula, and is therefore not specifically charged to your account.	The charges are allowed for in the formula used to calculate your benefit.
Optional insurance cover	Insurance cover costs $1.40 per unit per week for Death and Disablement cover and 80 cents per unit per week for Death-only cover.	If you purchase this insurance, it is deducted from the accumulation component of your account each month in arrears, based on the number of Fridays in the month.

See the Fees and costs section in Super for Defined Benefit Division and Accumulation 2 members for additional information about fees and costs payable by members.

Investment costs