Hi everyone,
IBA purchased a Shopping Centre in Newcastle in 2015 (I estimate around 50 tenants occupy the development). Our legal advice from Council lawyers was that exemption must apply. I also raised it with a Victorian Council who have IBA owned properties in their LGA and similarly they were advised that exemption is to apply regardless of the land being tenanted. Tenancy is consistent with s146 ABORIGINAL AND TORRES STRAIT ISLANDER ACT 2005 in that IBA’s purpose is to
1) assist and enhance Aboriginal and Torres Strait Islander self-management and economic self-sufficiency; and
2) advance the commercial and economic interests of Aboriginal persons and Torres Strait Islanders by accumulating and using a substantial capital asset for the benefit of the Aboriginal and Torres Strait Islander peoples.
Hope this assists.
Mick
