Are management fees charged by a superannuation fund to the members subject to GST?
No, the management fees charged by a superannuation fund to the members are not subject to GST. The contributions received from a member form part of the assets of the superannuation fund. The trustee notionally allocates the contributions to a notional account in the name of the member. Management fees are drawn down from these notional accounts. It is a cost allocation process rather than an actual payment for a supply. It is not consideration for any supply made by the superannuation fund to the individual members.
