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Incorrect. The ATO would take exception to this. 1. Start with who will sell the land ...It may be each "partner" since they own land. 2. So how does the partner incur build costs ?? The head entity bills them for it including profit margin. So member pays head entity. 3. So typically...

https://www.ato.gov.au/business/gst/in-detail/managing-gst-in-your-business/gst-groups-and-branches/gst-groups/ Grouping isn't straight fwd. Individuals cant be the only members of a group - You said "he owns one". That's not strictly permitted in grouping. There must be one entity that isn't...