An administration fee relates to the general administration of the superannuation fund. It can be charged as either a percentage of your account balance, a fixed fee, or both.
The regulatory reform fee may be deducted annually from your account. This fee of up to 0.20%, capped at a maximum of $40, will be charged to accounts with a balance of $5,000 or more as at 31 December. New accounts created after 31 December will generally be excluded from this fee. This fee will be shown on your statements.