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24/09/2021 at 11:17 pm
#58560
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.