This week Stockland Retirement Pty. Ltd bought an additional 3.23 million shares in FKP, taking its shareholding from 5% to 6.15%, at a cost of approximately $3.3 million. Buying shares on the market at today's prices may reduce the number they have to buy at a higher price in six weeks time when their exclusive arrangement for assessing FKP is up.
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