Both Stockland and Mulpha (from Singapore) continue to build their investment FKP/Aveo, with both taking up their allotment of stapled securities this week. Stockland is now at 14.96% and Mulpha at 22.82% voting power. Directors of FKP continue to personally invest as well.
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