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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Phil Usher
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Taking a gamble to steady the ship as chief executive of First Nations Foundation, Phil Usher has turned it into a more secure, self sustaining entity, far better equipped to empower First Nations people to achieve financial prosperity. 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?