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AQUA cost considerations

Fund fees

(please note that these fees do not include GST)

Trading Market mFund Settlement Service
Initial fees Initial fees
A$15,000 per new issuer (one-off payment)   A$15,000 per new issuer (one-off payment)  
A$5,000 per new fund A$5,000 per new fund
   
Annual fees Annual fees 
Basis points fee based on number      Up to A$1,000m FUM = 1.50 bps
of funds and FUM* (see tables below)  A$1,000m to A$2,000m = A$150,000 + 1.00bps of FUM >A$1,000,
  A$2,000m to A$5,000m = A$250,000 + 0.50bps of FUM > A$2,000m
  A$5,000m to A$10,000m = A$400,000 + 0.25bps of FUM > A$5,000m 
Over A$10,000m = A$525,000 + 0.10bps of FUM > A $10,000m

* ASX will use market value as a proxy for funds under management (FUM) (number of units x market price) where appropriate. The FUM or Market Value in question is the amount of the fund listed on ASX. This number will be derived by ASX.

Schedule for 1 - 4 Funds (per fund)

Funds Under Management (FUM) Annual listing fee (A$)
Up to A$100m  3.5 bps of FUM under A$100m
A$100m to A$500m A$35,000 + 2.5 bps of FUM over A$100m
A$500m to A$1,000m A$135,000 + 2.0 bps of FUM over A$500m 
A$1,000m to A$2,000m A$235,000 + 1.5 bps of FUM over A$1,000m
Over A$2,000m A$385,000 + 0.75 bps of FUM over A$2,000m

Schedule  for 5 - 9 Funds (FUM aggregated)

Funds Under Management (FUM) Annual listing fee (A$)
Up to A$500m  2.0 bps of FUM under A$500m
A$500m to A$1,000m A$100,000 + 1.5 bps of FUM over A$500m
A$1,000m to A$2,000m A$175,000 + 1.25 bps of FUM over A$1,000m 
A$2,000m to A$5,000m A$300,000 + 0.75 bps of FUM over A$2,000m
Over A$5,000m A$525,000 + 0.25 bps of FUM over A$5,000m

Schedule for 10+ Funds (FUM aggregated)

Funds Under Management (FUM) Annual listing fee (A$)
Up to A$1,000m  1.5 bps of FUM under A$1,000m
A$1,000m to A$2,000m A$150,000 + 1.0 bps of FUM over A$1,000m
A$2,000m to A$5,000m A$250,000 + 0.5 bps of FUM over A$2,000m 
A$5,000m to A$10,000m A$400,000 + 0.25 bps of FUM over A$5,000m
Over A$10,000m A$525,000 + 0.10 bps of FUM over A$10,000m

Structured Product fees

Trading Market Quote Display Board
Initial fee Initial fee
A$15,000 per new issuer (one off payment)   A$15,000 per new issuer (one off payment)  
A$500 per new structured product A$500 per product capped at 100 products per type  
   
Turnover fee Annual fee 
10 bps of traded value capped at A$10,000 p.a.      A$500 per product capped at 100 products per type  

A 'Program' is the issue of a series of products where:

  • The key features and benefits of each product in the series are identical
  • The rights and obligations of each product in the series are identical
  • Each product only differs from other products in the program in respect of the underlying share, basket of shares, index or other reference asset
  • Each product in a program is issued either at the same time or within 6 months of the first product issued in the program (issues following this will constitute a new program).

Market news

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