Are management fees charged by a fund manager to the superannuation fund subject to GST?
Yes, the provision of management services by a fund manager is a taxable supply. Where the fee is charged to the superannuation fund, the superannuation fund will be entitled to a reduced input tax credit under items 23 and 24 of subregulation 70-5.02(2) of the GST Regulations, where the service acquired is one of those listed.
