#58560
Boronia
Flatchatter

    The instructions for the ATO form state:

    INSTRUCTIONS AND TAX RETURN 2021

    Strata title bodies corporate are treated as public companies under the tax law and must lodge a tax return for any year in which they derive assessable income. If your body corporateĀ only derives amounts that are subject to the principle of mutuality [such as levies] then you do not need to lodge a tax return. These amounts are not assessable income.