DomaCom concludes Federal Court actionBY KARREN VERGARA | TUESDAY, 25 SEP 2018 12:20PMFederal 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. Related News |
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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
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?