Hi Gary, you make a very good point. The Owners Corporation Network of Australia is best placed to advocate for this and the other tax bugbear … that non-levy income is taxable in the hands of the individual owners, not the owners corporation. Crazy stuff.
What with the increasing burden of fire safety and renovation regulations (the Design & Building Practitioners Act has cause significant time and cost blowouts for previuosly straightforward projects), owners need all the relief they can get!
Leave it with us, though we are focused on the upcoming NSW election at the minute. Check out our policy plan for climate ready, resilient and empowered communities living in defect-free buildings – http://www.ocn.org.au
Cheers Karen Stiles
OCN Executive Director