Another winner this year has to be Aveos Justin Laboo. This time last year he had Stockland prowling for a takeover of the retirement assets [Aveo] from FKP. 12 months later Stockland's share price is in the doldrums and the company has openly stated it is no longer pursuing the expansion of its 15% FKP interest (or its similar interests in Aevum). Meanwhile Aveo has ramped up its sales and its profitability, making it the star in the FKP group.
ATO plans to charge GST on manufactured home parks scrapped
A concerted effort by the Residents Association of manufactured home parks has headed off the ATO which had planned to impose GST in mobile homes. This would have added 10% to the cost of the purchase of a home