HESTA an Industry Super Fund, About Us, Fee Summary

HESTA's Fee Summary

This table shows fees and other costs that you may be charged. These fees and costs may be deducted from your account from the returns on your investment or from the fund assets as a whole.

Check HESTA's insurance costs and taxation information in Product Disclosure Statement (Your member guide). You should read all the information about fees and costs because it is important to understand their impact on your retirement.

HESTA's fee summary table

Type of fee or cost	Amount	How and when paid
Fees when your money moves in or out of the fund
Establishment fee The fee to open your investment	NIL	Not applicable
Contribution fee The fee on each amount contributed to your investment - either by you or your employer	NIL	Not applicable
Withdrawal fee The fee on each amount you take out of your investment	NIL	Not applicable
Termination fee The fee to close your investment	NIL	Not applicable
Management costs
The fees and costs for managing your investment	$1 per week administration fee ($52 per year)	Deducted from your account at the end of each month or when you close your account.
	Trustee operating fee 0.07% Member benefit protection cost varies from year to year and was 0.02% (ie. $0.20 per $1000) in 2006/07.	Both the Trustee operating fee and cost of member benefit protection are deducted from HESTA's earnings before interest rates are declared each month, not directly from your account.
The amount you pay for specific investment options is shown in our Product Disclosure Statement.	HESTA balanced fund: 0.87% for 2006/07 (ie. $8.70 per $1,000) comprising 0.62% investment management fee and 0.25% performance fee. For a full list of HESTA's fees on all options click here.	Deducted from HESTA's earnings before interest rates are declared each month, not directly from your account.
Service fees
Investment switching fee The fee for changing investment options	NIL	Not applicable
Additional explanation of fees
Adviser service fee Charged by your adviser for advice about your investment in the Fund.	NIL	Not applicable
Family Law Act information request This fee is charged when an eligible person (as defined in legislation) requests information under the Family Law Act.	$91.80	Charged directly to the person requesting the information.
Family Law Act account splitting fee Charged to effect a Family Law splitting order or agreement.	$70.80	Deducted from the account
Contribution splitting fee Charged when your contributions are split out of the Fund	$60	Deducted from your account when the split is effected
Performance fees Fees paid to investment managers for results better than market benchmarks. These are included under Management costs in this table.	Fees vary depending on individual manager performance. See Product Disclosure Statement (Your member guide) for further information.	Deducted from HESTA's earnings before interest rates are declared each month, not directly from your account

Please note: Insurance premiums will also be applicable to those members who take out disability and death insurance and these premiums will depend on the type and amount of cover. For more information on tax and HESTA's insurance refer to HESTA's Product Disclosure Statement.

HESTA will notify you in advance of any changes to our administration fees, but please note that other fees and charges are subject to change without notice.

This information is about the Fund and is of a general nature. It does not take into account your objectives, financial situation or specific needs so you should look at your own financial position and requirements before making a decision. You may wish to consult an adviser when doing this. HESTA's Product Disclosure Statement should be considered before making a decision about this fund and its product. For a copy of HESTA's Product Disclosure Statement call 1800 813 327 or download Product Disclosure Statement (Your member guide).