Fees & Costs

AUSCOAL Super operates on a not for profit basis. This means that only the actual costs of running the Fund are paid for by the members.

Administration Costs
Effective 1 July 2006, the administration fee structure was amended by the Trustee to ensure that every member makes an adequate contribution towards the basic costs of fund membership. Administration Fee: $1.00 per member per week
PLUS
Asset based Fee: % of assets to meet the balance of cost of running the Fund.

Generally, members with account balances of less than $1000 cannot be charged an administration fee greater than the amount of investment earnings credited to their account. This means that their account balance cannot reduce due to fees and is called "member protection".

Investment Management costs
Investment Management costs will depend on the investments that you select and are deducted from the investment return for each option before they are credited to your account. Investment costs reflect actual costs paid by the Fund to external providers and may change from time to time. The acutal costs will be reported in the Annual Report.

Service Fees
Partial withdrawals - 2 free per year after which a fee of $22 per withdrawal will apply.
Changing investment mix (asset switch) - 2 free per year after which a fee of $22 per investment choice form will apply.

Fee Changes
We will not increase a fee or other cost that is deducted from your account without giving you at least 30 days notice beforehand.

It is important that members read the full information on fees and charges in the Product Disclosure Statement.