To fund the cost of the Government's SuperStream measures, superannuation trustees are required to pay an increased APRA Levy from 2012 until 2018.
We estimate this amount to be 0.01% for FirstChoice Employer Super. As the trustee of FirstChoice Employer Super, Colonial First State Investments Limited will recoup a proportion of this amount which will be deducted from the unit price for each investment option (excludes FirstRate Saver and deposit options) in early in 2013.
Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) is the issuer of super, pension and investment products. This document may include general advice but does not take into account your individual objectives, financial situation or needs. You should read the relevant Product Disclosure Statement (PDS) carefully and assess whether the information is appropriate for you and consider talking to a financial adviser before making an investment decision. A PDS for Colonial First State’s products are available at colonialfirststate.com.au or by calling us on 13 13 36.