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Thanks for your comments.
Our Strata Manager does charge a very reasonable fee but that is not my issue.
The instructions for the Strata Title Body Corporate Tax Return, state, in the very first paragraph: “If your body corporate only derives amounts that are subject to the principal of mutuality, then you do not need to lodge a tax return”. Our Strata Manager and his tax agent have lodged a zero tax return for three years, so, as I see it, they have provided and charged us for a service which we do not need.
This year when we have only bank interest income, the tax agent fee will certainly be more than our interest. The effort in doing such a return is minimal, maybe 15 mins, as strataact says, when you have the form.
I have used the ATO Chat Line on the web and have screen shots of their answers, which although not definitive, do seem to support my case. We also passed a motion at our AGM last week authorising me to do the return (that was on the advice of Fair Trading).
Thanks for the info on the PRN, Cosmo, I’ll certainly pursue that.