Domacom fund suspended from accepting new money after NDIS closures

Jonathan ShapiroSenior reporter

Updated Jul 31, 2024 – 1.35pm, first published at Jul 29, 2024 – 12.19pm

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

Domacom, the ASX-listed platform that allows investors to buy fractional stakes in property, says the trustee of its flagship fund has suspended it from raising new money and from facilitating any secondary market transactions.

MSC Trustees has temporarily suspended the product disclosure statement relied on to raise about $200 million, Domacom said in a statement to the exchange on Monday.

correction —

This story has been updated to clarify that ASR Wealth marketed, but did not run, the funds on DomaCom’s behalf.