Our Fees

The following table shows the fees and other costs you may be charged for investing in the Balanced option of Good Super and can be used to compare costs between different superannuation products. The fees and costs may be deducted from your account or from investment returns regardless if there are positive investment returns on the funds. More detailed information about the Good Super Plan can be found in the Product Disclosure Statement and Reference Guide.

TYPE OF FEE OR COST EXAMPLE: THE BALANCED OPTION EXAMPLE: BALANCE OF $50,000
Investment fee Nil For every $50,000 you have in the Balanced Option you will be charged $0 each year.
PLUS Administration fees $1.50 per week A charge of $78.00 per annum calculated as $1.50 per week deducted monthly from your account. Administration fees are only charged from the first time you make a contribution or transfer/rollover funds into Good Super.
PLUS Indirect costs for the Balanced Option 2.0% And, indirect costs of $1,000 each year will be deducted from your investment.
EQUALS Cost of product If your balance was $50,000, then for that year you will be charged fees of $1,078 for the Balanced Option.

 

You may also incur a buy/sell spread cost when your money moves in or out of the Plan or when you switch between different investment options. And if you leave the Plan , you will also be charged an exit fee of $92.50. See the Reference Guide for more information about the buy/sell spread, adviser and other service fees. The IVR incorporates GST after taking into account any expected input tax credits.

Activity fees

A fee is an activity fee if:

(a) the fee relates to costs incurred by the trustee of the superannuation entity that are directly related to an activity of the trustee:

(i) that is engaged in at the request, or with the consent, of a member; or

(ii) that relates to a member and is required by law; and

(b) those costs are not otherwise charged as an administration fee, an investment fee, a buy-sell spread, a switching fee, an exit fee, an advice fee or an insurance fee.

Administration fees

An administration fee is a fee that relates to the administration or operation of the superannuation entity and includes costs incurred by the trustee of the entity that:

(a) relate to the administration or operation of the entity; and

(b) are not otherwise charged as an investment fee, a buy-sell spread, a switching fee, an exit fee, an activity fee, an advice fee or an insurance fee.

Advice fees

A fee is an advice fee if:

(a) the fee relates directly to costs incurred by the trustee of the superannuation entity because of the provision of financial product advice to a member by:

(i) a trustee of the entity; or

(ii) another person acting as an employee of, or under an arrangement with, the trustee of the entity; and

(b) those costs are not otherwise charged as an administration fee, an investment fee, a switching fee, an exit fee , an activity fee or an insurance fee.

Buy-sell spreads

A buy-sell spread is a fee to recover transaction costs incurred by the trustee of the superannuation entity in relation to the sale and purchase of assets of the entity.

Exit fees

An exit fee is a fee to recover the costs of disposing of all or part of members’ interests in the superannuation entity.

Indirect cost ratio

The indirect cost ratio ( ICR ), for the Balanced Option or an investment option offered by a superannuation entity, is the ratio of the total of the indirect costs for the Balanced Option or an investment option, to the total average net assets of the superannuation entity attributed to the Balanced Option or an investment option.

Note: A dollar-based fee deducted directly from a member’s account is not included in the indirect cost ratio.

Investment fees

An investment fee is a fee that relates to the investment of the assets of a superannuation entity and includes:

(a) fees in payment for the exercise of care and expertise in the investment of those assets (including performance fees); and

(b) costs incurred by the trustee of the entity that:

(i) relate to the investment of assets of the entity; and

(ii) are not otherwise charged as an administration fee, a buy-sell spread, a switching fee, an exit fee, an activity fee, an advice fee or an insurance fee.

Switching fees

A switching fee is a fee to recover the costs of switching all or part of a member’s interest in the superannuation entity from one class of beneficial interest in the entity to another.

Changes to fees and costs

Under the Plan’s trust deed, the Trustee is permitted to charge a range of fees and can change the amount of existing fees without members’ consent. At least 30 days prior notice will be given to members before any management costs increase or the introduction of any new fee or cost takes effect.

To find out more

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

Governance

For information about our Trust Deed, Annual Reports, Significant Event Notices, key outsourced relationships and more, please click here.

Our Product Disclosure Statement and Reference Guide are available online by clicking here.