The trading halt will remain in place until Friday, August 21, or when an announcement is released to the market, whichever occurs earliest.
Shares were more than 9% higher at 8 cents before the trading halt.
Downsizer contributions confirmed
On August 17 the Australian Tax Office (ATO) confirmed that a part disposal of a persons home can be made to make a downsizer contribution.
With the ATOs Administrative Binding Advice (ABA) confirming this advice, a person can dispose of part of their home under DomaComs Senior Equity Release platform and be eligible to make a downsizer contribution.
Self-managed super fund (SMSF) retirees can, therefore, sell a part of their property to top up their super using the downsizer contributions legislation aRead More – Source