GST on sinking fund

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From: David Brady


Hi all,

I am a bit concerned that our body corporate charges GST on the sinking fund portion of our rates.

In my way of thinking GST would be charged only when goods and services are used in repairs etc. Having GST pre-paid in anticipation of a future need seams stagnant money.

In addition, should this money be invested in safe overnight interest markets, or is it like a rent bond where no interest is earned?

Thanks for any thoughts.
 
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