DomaCom heads to court for SMSF ruling

By Reporter
 — 1 minute read

Fractional property investment firm DomaCom is asking the Federal Court to rule that DomaCom sub-funds are not in-house assets or related trusts.

The statement said that the subsidiary of fractional investment fund manager DomaCom, DomaCom Australia Limited, is “supporting an action in the Federal Court for a declaration that DomaCom sub-funds are not in-house assets or related trusts for the purposes of the SIS (Superannuation Industry Supervision) Act”. 

DomaCom chief executive officer Arthur Naoumidis said the ability to use superannuation to help people into a home is “clearly a topical issue in Australia” and it is his belief that the DomaCom Fund can play a key role in “solving this issue whilst still protecting the assets of the SMSF”.


“The unique arm’s length structure of the DomaCom Fund protects the SMSF assets whilst generating commercial rates of income and capital return that the underlying residential property delivers,” Mr Naoumidis said.

“Residential property can be used as an anchor asset class for the superannuation portfolios of Gen X/Y investors, which can then expand to other asset classes later in life. The Gen X/Y investors can then rent the property and acquire more of the interest in the related sub-fund as time goes on.”

Read more:

Two Allan Gray portfolio managers depart

AFA appoints policy and professionalism manager 

AMP Capital adds to global infrastructure team

‘Retrograde’ US condemned on climate change

Bennelong sets up first UK boutique


DomaCom heads to court for SMSF ruling
investordaily image
ID logo


related articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.