Fractional property investment company DomaCom (ASX:DCL) announces the conclusion to the legal proceedings which the Company has been supporting in the Federal Court of Australia, to consider the application of Superannuation legislation to allow investment in the DomaCom Fund by an SMSF where a related party is the tenant in the underlying property.
The ATO had (unless an extension of time is granted by the High Court) until 7 September 2018 to file with the High Court an application for special leave if it was to appeal the decision of the Federal Court of Appeal. Our lawyers have advised no such appeal or application for an extension of time has been filed.
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