AUSfund is committed to maintaining low fees. While your super is with us, the following fees apply to your account:
|Type of fee||Amount||Description|
|Administration fee||$11.50 p.a.*||A charge to administer your account.
Deducted from your account on 30 June and when you exit the Fund.
For details of what the Administration fee is used for, click here.
|Indirect Costs||0.62%||An approximate amount covering investment costs.
Deducted from the annual crediting rate of the Fund before it is paid to your account, reducing the return on your investment but not charged directly to you as a fee.
For more information on the fees & costs of AUSfund, please refer to the Product Disclosure Statement.
To minimise the fee impact for members who are only in the fund for a short period of time, AUSfund is changing its flat administration fee to a pro-rata fee from 1 April 2019.
This means that if you were not a member of AUSfund for the full financial year at the date the fee is applied, the actual fee charged to your account will be calculated based on the number of days you were in the fund.
For example, if you become a member of AUSfund on 1 April, the fee charged to you on 30 June will be $11.50 / 365 x 91 days = $2.87