Federal Treasurer Bans MIT's RESI Property Assets ... unless affordable housing, page-11

Hi Outposter,

I just did a quick check on on the BrickX PDS, which is set out below. It seems IMO that both Domacom and Brickx are affected by the Ban on MIT's holding Residential Property going forward from the 14th September 2017.

It seems that Domacom has somewhat a more imperative issue ( Cash burn't by end Q1 2018) than Brickx, not to mention that BrickX is not listed.

Would be interested to here your prognosis of a way out for DCL given where their at cash wise and your explanation in more detail following your Xmas drinks. I appreciate the subtle distinction between the two funds ( although not really that subtle).

The management at DCL seem to be playing catch up ball all the time, particularly, now with a expiry of cash ( based on their numbers by the end of March 2018). Clearly nothing is bad according to their appointed "spin doctors", a Fintec Thesaurus may be a suitable addition to their Xmas stocking, although they seem to have a good handle on using the latest terminology no matter what its context IMO.

BrickX PDS ( Extract) as follows:https://assets.brickx.com/downloads/pds.pdf

Refer Cluause 5 and sub clause 5.2 in particular.

Assuming you might be on both sides of this equation, not sure if their is any point.