thanks for the feedback guys, especially 'crj'.  Yes I've got a typical lease with the tenant and I think the lease combined with Section 317 of the 1936 Income Tax Assessment Act pretty much seals it along wth the fact that I haven't found anything anywhere that indicates anything to the contrary.  My accountant is not charging much and is from Queensland (not that there is anything wrong with that   ) and as such has not had much to do with Company Title properties (much less common up there I guess unlike certain parts of Sydney and probably Melbourne).

thanks again, much appreciated

Dom