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ROOF Employer Super 1 January 2014 Member advice fees Please note: If you wish to charge a Member Advice Fee On-off please complete the Member Advice Fee On-off form available on our website or by
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What is member advice fees?
Member advice fees refer to the charges or fees levied by a financial institution or advisor in exchange for providing advice or guidance to members.
Who is required to file member advice fees?
Financial institutions or advisors who charge member advice fees are required to file this information.
How to fill out member advice fees?
Member advice fees should be accurately documented and reported on the appropriate tax forms or financial statements.
What is the purpose of member advice fees?
The purpose of member advice fees is to compensate financial institutions or advisors for the advice and guidance provided to their members.
What information must be reported on member advice fees?
Information like the amount of fees charged, the services provided, and the recipient of the fees must be reported on member advice fees.
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