The point I was trying to make, albeit clumsily, is that I don’t think it is that simple. Now, after venturing down the rabbit hole researching this, all the way back to its underpinnings in early English common law and legal right to possession versus legal right of ownership etc, I think it’s well above my pay grade. Never mind …
What is the acquisition date? Per the ATO re CGT and NSW Gov re Transfer Duty it’s the date of signing/exchange. Settlement and registration of title transfer etc are completing the terms of the contract which was entered into on or about the exchange date.
Or, post-settlement, on which date did the committee member cease being an owner? Per the above, it’s the exchange or acquisition date.
If correct, it would mean that the committee member was ineligible, if self-nominated, to be on the committee after the exchange date.