Financial Standard Comments - DomaCom concludes Federal Court action Federal Court proceedings supported by DomaCom have concluded, allowing an SMSF to invest in DomaCom's fund even if a related party is a tenant in the underlying property. https://www.financialstandard.com.au/feed/latest?story=126986062 Tue, 25 Sep 2018 13:58:18 +1000 Tue, 25 Sep 2018 13:58:18 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Eagle Rock (Private Enterprise)

Correct. Based on the facts of THAT PARTICULAR CASE!

In any case, the investment was still considered an in house asset of the fund so not really all that useful in practice.

Also, if Aussiegolfa has been ordered to pay fees etc, and Domacom is set to pick these costs up (on Aussiegolfa's behalf) there may be a contribution cap concern arising for the members of the fund! Another sting in the tail perhaps?

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]]> Eagle Rock (Private Enterprise) Tue, 25 Sep 2018 13:58:18 +1000