The Tax Office lost its battle in the Federal Court on a ruling that charities can basically run any business and pays no tax on profits as long as they use those profits entirely for the charity or religion they represented. This means that they can run any business they like, as profitably as they like, without a tax bill. This can include retirement villages but also businesses associated with villages such as medical practices or travel agencies, as examples.
Healthcare Australia buys home care provider My Care Solution
South Australian family-owned home care provider My Care Solution has sold its operations to Healthcare Australia, which is owned by Sydney-based venture capital firm Crescent Capital. Healthcare Australia is a healthcare staffing business, with...