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Are entry and exit fees charged by a superannuation fund to the members subject to GST?

April 26, 2017charged fees fund GST members Subject Superannuation

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Are entry and exit fees charged by a superannuation fund to the members subject to GST?

1 Answer

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No, these fees are for an acquisition and a disposal of a financial supply (that is an interest in the superannuation fund). They are considered to be financial supplies and are therefore input taxed.