The NZ Government has quietly introduced plans to extend the GST net to include KiwiSaver and other funds management fees. The change is part of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Bill introduced to the House without prior fanfare on Tuesday afternoon. What promotion of it there was focused on plans to extend GST to online accommodation and transportation services such as Uber and Airbnb and to remove fringe benefit tax from public transport benefits. In the regulatory impact statement on the Bill, The FMA estimates the proposed changes will reduce KiwiSaver funds under management by NZ$103 billion and non-KiwiSaver managed funds by NZ$83 billion by 2070.  The managing director of business advisory firm Vanteum, Alistair Muir, has joined the board of Bendigo and Adelaide Bank as a non-executive director. His firm has advised banks, insurers and fintechs on digital innovation, the Consumer Date Right and a range of fintech issues. Muir is a director of Genworth Mortgage Insurance Australia and was until recently a director of humm group. MyState Ltd has completed its issue of capital notes, raising A$65 million of additional tier 1 regulatory capital. It is the company’s inaugural issue of hybrid securities, which were priced at a margin of 550 basis points over the three-month bank bill swap rate and have a first call date in 2027.