The draft interpretation statement considers the GST treatment of: 

• services supplied by a manager to a retirement scheme, and 
• services supplied by third-party providers to the manager of a retirement scheme, with a focus on whether those services are exempt supplies of financial services.

CA ANZ believes Inland Revenue’s narrow interpretation of “management of a retirement scheme” in PUB00522 is likely to cause issues for the savings industry. If the interpretation is finalised with its current conclusions, CA ANZ recommends the matter be escalated to policy officials for legislative consideration rather than being resolved through interpretation alone.