So their was no relief in the Federal Treasurers Budget last night. It would appear that the Goverments "BAN" 0n Managed Investment Trusts holding Residential Property ( other affordable housing ) is still in place.
It seems that Domacom don't get it. In the last QTR Report to the ASX they stated that the only impact will be how they report their Tax ( assumably cor CGT). what a load of rubbish. Domacom should get some decent advice and stop pumping out codswallop. Domacom Just cant elect to change legal structures at a whim they will require a lot of regulatory approvals including yet again another PDS. As to any Residential properties purchased since the 14th September, are they Ultra Viries, most definitely they seem to be in breach of the the Federal Treasurers Ban. .....Cavaeat Emptor
DCL Price at posting:
6.3¢ Sentiment: None Disclosure: Not Held
(20min delay)
