The table below sets out the fees and other costs you may be charged in the MySuper and Premium Choice products. They may be deducted directly from your account balance, from the calculation of the option’s investment return before it's allocated to your account, or from the Fund’s assets as a whole. Other fees, such as activity, advice and insurance fees, may also be charged, depending on the nature of the activity, advice or insurance chosen by you. Entry fees and exit fees cannot be charged. See the PDS for more information. Fee definitions can be found here and in the Super Handbook.

Small differences in both investment performance and fees and costs can have a substantial impact on your long term results. For example, total annual fees and costs of 2% of your account balance rather than 1% could reduce your final return by up to 20% over a 30 year period (for example, reduce it from $100,000 to $80,000).

You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs.

If you would like to find out more or see the impact of fees, based on your own circumstances, the government website moneysmart.gov.au has a superannuation fee calculator to help you check out different fee options. Fee definitions can be found at bussq.com.au/disclosure.

BUSSQ has the power to alter, increase or introduce new fees at its discretion. If BUSSQ increases its fees we will notify you at least 30 days in advance of the change coming into effect. As BUSSQ returns all profits to members, any fee increase will only be required to cover the costs of running the Fund.


Fees and other costs

Indirect Cost Ratio^*

Example of annual fees and costs

This table provides an example of how the fees and costs in the BUSSQ MySuper Balanced Growth option can affect your super over a one year period. You should use this table to compare this product with other superannuation products.



^ If your account balance is less than $6,000 at the end of the financial year (30 June), the total combined amount of investment fees, administration fees and indirect costs charged will be capped at 3% of your account balance. Any amount in excess of that cap must be refunded to your account. Refer to the Super Handbook.
^^ Tailored retirement advice is advice on retirement income streams and transition to retirement. As this advice extends beyond a member’s BUSSQ super account it is billed on a per hour basis. Advice is provided by Link Advice Pty Ltd (ABN 36 105 811 836 AFSL 258145).
* The indirect cost ratio is an estimate based on the investment related costs (including performance related fees payable to external investment managers where applicable) and Trustee related costs incurred for the 12 months ended 30 June 2021. If actual costs vary considerably from this estimate, the estimate will be updated. Refer to the Super Handbook for more information. From 1 July 2021, Trustee related costs of 0.20% will be deducted from BUSSQ's earnings before BUSSQ declares a unit price.