This interpretation statement considers the GST treatment of fees received by a manager of a managed fund and fees received by third-party suppliers (including investment managers) for supplies made to the manager of a managed fund.

CA ANZ’s view is that:

• This ruling will provide certainty for those who fall within this fact situation;
• The overall process has not delivered the expected level of certainty for taxpayers; and
• There are wider commercial and policy implications to consider.