#58184
strataact
Flatchatter

    I’m happy to go with what strata lawyers and tax expert Tony Cordato said in that article:

    “Apartment owners are ‘mutual owners’ of the strata title body and own the common property mutually. As a result, strata levies are not treated as assessable income of the strata title body for income tax purposes.

    “However, income from common property is treated, not as mutual income of the strata title body, but as assessable income of the individual owners.”

    Agreed – that is income from common property.  But as far as I can see he did not say anything about interest income from  owners corp funds .