I could not agree more. Unfortunately the product seems to have...

I could not agree more.

Unfortunately the product seems to have severe restrictions or it's go forward position may be prohibited following the Federal Treasurers announcement of the 14th September 2017.

The website then becomes more irrelevant ( less meaningful) or has no effect or practical purpose as likely no investor can utilize a product that does not contain a community based cohort as per the Federal Draft Legislation, save for the examples provided by the Federal Treasurers announcement.

I refer to my earlier comments:

I'm not sure if the only impact/change to Domacom's fund will be how they report their tax position. Domacom's recent statements that the only change to their fund will be how Domacom reports its tax position seems problematic and understated.

I look forward to Domacom's tax advice to the market as proffered, when recieved.

IMO the Federal Treasurers statement of the 14th September STOPS all further investment in existing residential property MIS's ( allbeit with a sunset provision to 2228) unless they contain a community management model and certainly prevents any future MIT's without a community management scheme. I am not certain whether any of Domacom's existing or proposed schemes contain a community management component.

Domacom's statement that they are "Co Engaging with Government" seems a somewhat elaborate use of language given all the Federal Treasurer has offered was to invite submissions from the public which close in 3 days this Thursday the 28th September 2017.

I expect that Domacom will provide it's pubic submission to the ASX and market place promptly upon it's submission.