Centro MCS 23 Performance Overview RG 46 Disclosures

Size: px
Start display at page:

Download "Centro MCS 23 Performance Overview RG 46 Disclosures"

Transcription

1 Centro MCS 23 Performance Overview RG 46 Disclosures The Australian Securities and Investments Commission (ASIC) has issued updated disclosure requirements for responsible entities of unlisted property funds (such as the Syndicate) in Regulatory Guide 46 (RG 46). The updated disclosure requirements set out six benchmarks and eight principles for improved disclosure to help retail investors compare risks and returns across investments in the unlisted property sector. The information below covers these disclosure principles and benchmarks and is based on the most recent audited financial statements for the Syndicate.

2 1) Disclosure Principle 1 and Benchmark 1 - Gearing ASIC Disclosure Principle: Gearing Ratio - This disclosure indicates the extent to which a Syndicate's assets are funded by interest-bearing liabilities. The Gearing Ratio has been calculated in accordance with ASIC RG 46 which states that entities should disclose a Gearing Ratio for the scheme calculated using the following formula: Gearing Ratio = Total interest bearing liabilities Total Assets In accordance with this formula the Syndicate Gearing Ratio is 70.6% as at 30 June The gearing ratio represents the extent to which the Syndicate's assets are financed by debt. Returns from geared investments are more volatile than returns from the same investments that are not geared. Accordingly a geared fund will be regarded as having a higher risk profile than a comparable ungeared fund. The greater the level of gearing, the greater the potential for both capital gain and loss. Investors can use the gearing ratio to assess the potential risks a fund may face in the event interest rates rise or property values decrease, and to compare the risk associated with the fund's return on investment to other similar products. ASIC Benchmark: Gearing Policy - The Responsible Entity is required to maintain and comply with a written gearing policy that governs the level of gearing at an individual credit facility level. We meet this benchmark and comply with our gearing policy. Please click here to view or obtain a copy of our Gearing Policy.

3 2) Disclosure Principle 2 and Benchmark 2 - Interest Cover ASIC Disclosure Principle: Interest Cover Ratio - This disclosure indicates the Syndicate's ability to meet its interest payments from earnings. The Interest Cover Ratio has been calculated in accordance with ASIC RG 46 which states that a scheme's interest cover should be disclosed and calculated using the following formula and based on the latest financial statements: Interest Cover Ratio = EBITDA - unrealised gains + unrealised losses Interest expense EBITDA = earnings before interest, tax, depreciation and amortisation. In accordance with this formula the Syndicate Interest Cover Ratio is 1.4 times as at 30 June This figure indicates that the Syndicate currently has sufficient earnings to satisfy interest repayments. Specifically, based on current figures, the Syndicate could service its debt 1.4 times over. This provides a buffer if interest rates or other expenses of the Syndicate increase or if earnings decrease (for example through the loss of tenants who are not able to be replaced quickly or for the same level of rental income). Investors can use an interest cover ratio to assess a fund's ability to meet ongoing interest payments and therefore service debt. The lower the interest cover, the higher the risk the fund will not be able to meet its interest payments. A fund with a low interest cover only needs a small reduction in earnings (or a small increase in interest rates or other expenses) to be unable to meet its interest payments. ASIC Benchmark: Interest Cover Policy - The Responsible Entity is required to maintain and comply with a written interest cover policy that governs the level of interest cover at an individual credit facility level. We meet this benchmark and comply with our interest cover policy. Please click here to view or obtain a copy of our Interest Cover Policy.

4 3) Benchmark 3 - Interest Capitalisation ASIC Benchmark: Interest Capitalisation - The interest expense of the scheme is not capitalised. Interest capitalisation means the scheme is not required to make interest payments until an agreed point in time. The Syndicate meets this benchmark as its interest expense is not being capitalised. 4) Benchmark 4 - Valuation Policy ASIC Benchmark: Valuation policy - The Responsible Entity is required to maintain and comply with a written property valuation policy. Key elements of our property valuation policy include: Independent property valuations are to be undertaken on each property at least once a year, except where the property is in the process of being marketed for sale; A Directors' valuation supported by an independent review to be undertaken on an intervening six month basis; The independent valuer is to be registered or licensed in the relevant State in which the property is located or otherwise be a member of an appropriate professional body; No independent valuation company is to undertake more than three consecutive independent valuations over no more than three years for any property; For each real property, an independent valuation to be obtained within two months after the Directors form a view that there is a likelihood that there has been a material change in the value of the property; Contains procedures to be followed dealing with any conflicts of interest; and Requires that for each property purchased, an independent valuation is to be obtained: (a) before the property is purchased: (b) for a development property, on an 'as is' and 'as if complete' basis; and (c) for all other property, on an 'as is' basis. We meet this benchmark and comply with our valuation policy. Please click here to view or obtain a copy of our Valuation Policy. Please see the information under Portfolio Diversification (below) for details on the Syndicate property valuations including if the current valuation is a Directors or an independent valuation.

5 5) Disclosure Principle 3 - Scheme Borrowings ASIC Disclosure Principle: Syndicate Borrowing - This disclosure provides information on the Syndicate's borrowings, maturity and any associated risks including breaches of loan covenants. Investors should consider information about borrowings of a property syndicate, as there are risks associated, particularly in relation to a syndicate's borrowing maturity profile and any breaches of loan covenants. Investors should be aware that their interests in the Syndicate will generally rank behind lenders and other creditors. This means, if the Syndicate was to be wound-up, then the Syndicate's lenders and other creditors would be repaid first, before any capital or outstanding distributions were paid to investors. The Syndicate constitution allows the Responsible Entity to borrow on behalf of the investors. All Syndicate debt facilities limit the security of a financier to the assets of the Syndicate. General Debt Information Financier Loan Facility Amount ($'000) Undrawn Amount ($'000) Loan Maturity Interest Rate (1) % Hedged Assets secured (Shopping Centres) External Financier - facility # 1 $21,700 $0 22-Oct % Nil Dubbo City Centre (1) Facility interest rate at 30 June 2012 including margin External Financier - facility # 1 will mature within 12 months, however we are in the process of selling Dubbo City Centre, and a party is currently conducting exclusive due diligence on the property. The proceeds from the sale will be used to repay the debt facility in full. Under the terms of External Financier - Facility # 1, if investors were to take any steps to exercise their right to remove Retail Responsible Entity Limited as the responsible entity of the Syndicate, for example by calling a meeting of investors to vote on a resolution to remove Retail Responsible Entity Limited as the responsible entity of the Syndicate, then this will trigger a review event which may cause an event of default under the facility and could result in the external financier demanding immediate repayment of the facility and exercising its rights to appoint receivers over the Syndicate's assets. Loan Covenant Review Financier Loan to Value Ratio (LVR) (1) LVR Covenant Interest Cover Ratio (ICR) (2) ICR Covenant External Financier - facility # 1 65% 65% (1) Ratio at 30 June A 0.05% reduction in property value will lead to a breach of the LVR Covenant. (2) Ratio at 30 June A 14.1% reduction of earnings / net property income or a 16.4% increase in interest cost will lead to a breach of the ICR Covenant. As at 30 June 2012 the Syndicate had not breached any loan covenants. A breach of a loan covenant may result in penalties being applied, or the loan becoming repayable immediately. The Syndicate may need to refinance on less favourable terms or sell assets.

6 6) Disclosure Principle 4 - Portfolio Diversification ASIC Disclosure Principle: Portfolio Diversification - This disclosure addresses the Syndicate's investment practices and portfolio risks. Relevant portfolio risks are covered in the Syndicate Prospectus or Product Disclosure Statement (PDS), subsequent explanatory memorandum or through investor communication. Refer to Forms & Publications link below. Forms and Publications Section of website. Key portfolio metrics are covered in the tables below:

7 The Syndicate invests in shopping centres and all syndicate property is part of the retail property sector. The Syndicate was established to invest in retail property, as was explained in the original Prospectus for the Syndicate. Our investment strategy continues to focus on positively influencing the property net operating income, retailer quality and mix, occupancy and condition of the property. On a day-to-day basis, our management teams concentrate on leasing, marketing and maintaining our properties to a high standard to drive both retail sales and property income growth. This management focus assists in protecting the value of the Syndicate's property which, together with effective capital management, underpins the value of the Syndicate's investments. For further information on the current Syndicate strategy please refer to the Syndicate report on the link below: "Syndicate Annual Report"

8 7) Disclosure Principle 5 and Benchmark 5 Related Party Transactions ASIC Disclosure Principle: Related Party Transactions - The Responsible Entity is a wholly owned subsidiary of Centro Retail Australia (CRF). Retail Responsible Entity Limited has entered into a number of transactions with various companies within the CRF Group which are related parties of the Responsible Entity. The table below sets out the amounts paid or payable pursuant to CRF companies during the 12 months to 30 June The following related party fees were paid or payable to Centro by the Syndicate during the 12 months to 30 June Centro MCS 23 Amounts paid during 12 months to 30 Jun 12 ($'000) Nature of the relationship with the Responsible Entity Description of the related party transaction Responsible Entity Fees $288 Rollover/ Performance/ Termination Fees $0 Remuneration to the Responsible Entity in accordance with the Syndicate's Constitution These fees are provided for in the Syndicate's constitution and are payable to the Responsible Entity as remuneration for operating the Syndicate. These fees were disclosed in the original Prospectus issued for the Syndicate. In addition, the changes to the Rollover/Performance/Termination Fees which were approved at the investor meeting held on 17 February 2005 were disclosed in the notice of meeting and explanatory memorandum issued to investors in the Syndicate prior to that meeting. Trustee/ Custodian Fees $5 Trustee services provided by a wholly owned subsidiary of CRF This amount is payable to a wholly owned subsidiary of CRF pursuant to the trust deed of a Syndicate sub trust. Changes to the Trustee Fees which were approved at the investor meeting held on 17 February 2005 were disclosed in the notice of meeting and explanatory memorandum issued to investors in the Syndicate prior to that meeting. The Responsible Entity has complied with its policies and procedures in relation to this arrangement and continues to monitor the arrangement in accordance with its procedures. The Responsible Entity does not consider there are any risks associated with this arrangement. Accounting Cost Recoveries n/a Legal Cost Recoveries $18 Taxation Cost Recoveries $13 Corporate services provided by a wholly owned subsidiary of CRF These amounts are payable to a wholly owned subsidiary of CRF for providing various corporate services to the Responsible Entity as part of the operation of the Syndicate (including accounting services, legal services and taxation services). The arrangements are on arm's length terms or more favourable to the Syndicate and the Responsible Entity has complied with its policies and procedures for entering into related party transactions for this particular arrangement and continues to monitor the arrangement in accordance with those policies. The Responsible Entity does not consider there are any risks associated with the related party arrangement. Property Management Fees $174 Property Leasing Fees $47 Property management and leasing services provided by a wholly owned subsidiary of CRF These amounts are payable to a wholly owned subsidiary of CRF under a property management agreement entered into with the Responsible Entity. The amounts are paid for providing property management and leasing services at the properties owned by the Syndicate. The property management agreement is on arm's length terms. The Responsible Entity has complied with its policies and procedures in entering into this arrangement and continues to monitor the transaction in accordance with its procedures. The Responsible Entity does not consider there are any risks associated with this agreement. Interest Rate Swap Settlements $121 Interest rate swap transactions where CRF is the counterparty under the arrangement This amount is payable to CRF where CRF is the counterparty under an interest rate swap arrangement. The interest rate swap arrangement is governed by an internal swap agreement between CRF and the Responsible Entity. The settlement amount payable under the internal swap agreement is based on a mark-to-market valuation. The internal swap agreement was on arm's length terms and has now been terminated.

9 ASIC Benchmark: Related party transactions - The Responsible Entity is required to maintain and comply with a written policy on related party transactions, including the assessment and approval process for such transactions and arrangements to manage conflicts of interest. For the Syndicates, a related party transaction refers to transactions such as investments, loans, service agreements or guarantees with other Centro Retail entities. All related party transactions are governed by our conflicts of interest and related party transaction policy. Please click on the link below to view this policy. "Related Party Policy" We meet this benchmark and comply with our conflicts of interest and related party transaction policy. A summary of the key elements of our conflicts of interest policy and related party transactions policy is as follows: There are independent directors on the Board of the Responsible Entity, including an independent Chairman. Due diligence committees are established for corporate transactions including the issue of Product Disclosure Statements, capital raisings, issuing of Explanatory Memoranda or Information Memoranda. The Board of the Responsible Entity is represented on each due diligence committee. "Conflicts of Interest" are addressed in the Due Diligence committee Meeting by the application of specified criteria. Management Control Groups at an operational level are formed for various transactions including property acquisitions and disposals, corporate acquisitions and disposals, syndicate rollovers and other significant corporate transactions. Members of all relevant Centro departments are represented on each group. This group considers related party transactions and conflict of interest issues for each transaction, and in doing so will have regard to the principles set out in the conflicts of interest and related party transactions policy. Tailored additional control measures are implemented for major transactions which may affect several funds. Internal reporting processes from management to a member of the Executive Committee about proposed related party transactions and procedures for determining whether a proposed related party transaction is on arm's length terms. All related party transactions are disclosed in the Trust's financial statements. The 30 June 2012 financial statements can be found on the Centro Retail Australia Group website at

10 8) Disclosure Principle 6 and Benchmark 6 Distribution Practices ASIC Disclosure Principle: Distribution Practices This discloses whether distributions to Syndicate investors have been made solely from realised income or from a combination of realised income and a return of capital funded by borrowings. Syndicate distributions will not be supplemented with a return of capital component funded by debt. All current and forecast distributions are sourced from realised income. For the current distribution forecast for this Syndicate, please see Key Syndicate Statistics above. We consider that this published distribution rate is sustainable over the next 12 month period i.e. to 30 June It should be noted, that capital expenditure may be funded from earnings and/or cash reserves, as a result, future distributions may be impacted should the level of capital expenditure required to preserve or maintain the Syndicate properties exceed our expectations. ASIC Benchmark: Distribution practices - The Scheme has and will only pay distributions from its cash from operations (excluding borrowings) available for distribution. We meet this benchmark as all distributions to investors have been paid from realised income for the year ended 30 June 2012.

11 9) Disclosure Principle 7 Withdrawal Arrangements ASIC Disclosure Principle: Withdrawal arrangements - This Syndicate is a fixed term investment without any general withdrawal right during the fixed term of the Syndicate. However, the Syndicate has a Flexible Exit Mechanism (1) which provides an exit opportunity for investors towards the end of the then current Syndicate term, subject to any earlier restructuring of the Syndicate with investor approval, sale of Syndicate assets or earlier termination of the Syndicate. The Syndicate could be terminated early by the Responsible Entity if it exercises its discretion to do so. In that case, the Flexible Exit Mechanism would not apply. The termination of the Syndicate would result in the winding up of the Syndicate and the distribution of all net sale proceeds of Syndicate property. Flexible Exit Mechanism Generally, the following applies in relation to the Flexible Exit Mechanism: on receipt of a notice from the responsible entity, each investor will then, during a further period of 20 business days, be able to put (or sell) their Units to Centro Retail Limited (Centro), who is then obliged to acquire the Units. In addition, if any one investor puts their Units, Centro has the right to call (buy) all or a specific percentage of all Units which have not been put; Centro may pay for the Units acquired with cash, Centro Retail Australia Stapled Securities or both; investors take counterparty risk with Centro (i.e., the risk that Centro may fail to perform its obligations under the Flexible Exit Mechanism). The above is a brief summary of the Flexible Exit Mechanism contained in the constitution for the Syndicate. (1) This is not a right to withdraw from the Syndicate for the purposes of Chapter 5C of the Corporations Act.

12 10) Disclosure Principle 8 Net Tangible Assets The value of an investment is determined by reference to the Net Tangible Assets (NTA), that is the assets that have been acquired with investor equity. The RG46 definition of NTA is consistent with our definition of Net Asset Backing (NAB). In practical terms, the NAB calculation is a measure of the amount, per unit, that an Investor's investment in the Syndicate is worth. If the NAB per unit is less than $1.00 prior to any capital return paid during the Syndicate term, then there is a risk that Investors will not receive their full capital repayment when exiting the Syndicate or on a winding up of the Syndicate. Please refer to our NAB valuation policy via the link provided. The NAB for the Syndicate is calculated in accordance with the following formula: NAB = Net Assets - intangible assets +/- any other adjustments Total number of units in the scheme on issue For the current and historic Syndicate NABs please see Key Syndicate Statistics above.

Centro MCS 28 Performance Overview RG 46 Disclosures

Centro MCS 28 Performance Overview RG 46 Disclosures Centro MCS 28 Performance Overview RG 46 Disclosures The Australian Securities and Investments Commission (ASIC) has issued updated disclosure requirements for responsible entities of unlisted property

More information

NewActon East Property Fund

NewActon East Property Fund NewActon East Property Fund ARSN 601 457 229 Disclosure Guide ASIC Regulatory Guide 46 30 June 2015 Important Notice and Disclaimer As the responsible entity for the NewActon East Property Fund, ASRN 601

More information

RG46 website disclosure for Peet Yanchep Land Syndicate (ARSN )

RG46 website disclosure for Peet Yanchep Land Syndicate (ARSN ) 31 December 2018 1. Introduction RG46 website disclosure for Peet Yanchep Land Syndicate (ARSN 145 969 713) In March 2012, the Australian Securities and Investments Commission ( ASIC ) released an updated

More information

ASIC RG46 Disclosure. Heathley Keystone Property Fund No. 32 June 2018

ASIC RG46 Disclosure. Heathley Keystone Property Fund No. 32 June 2018 ASIC RG46 Disclosure Heathley Keystone Property Fund No. 32 June 2018 TABLE OF CONTENTS The table below outlines where each of the six benchmarks and eight disclosure principles are addressed in this document:

More information

Trilogy Melbourne Office Syndicate - Cheltenham benchmarks and disclosure principles report for asic regulatory guide 46 as at 02 february 2017*

Trilogy Melbourne Office Syndicate - Cheltenham benchmarks and disclosure principles report for asic regulatory guide 46 as at 02 february 2017* Trilogy Melbourne Office Syndicate - Cheltenham benchmarks and disclosure principles report for asic regulatory guide 46 as at 02 february 2017* The following report describes each of the benchmarks and

More information

Chevron Renaissance Property Trust

Chevron Renaissance Property Trust Chevron Renaissance Property Trust ARSN 112 310 380 as at 30 June 2012 This document addresses the benchmarks and disclosure principles for unlisted property fund managers set out in ASIC Regulatory Guide

More information

Enhanced Disclosure - ASIC s Regulatory Guide 46 Unlisted Property Schemes: Improving Disclosure for Retail Investors

Enhanced Disclosure - ASIC s Regulatory Guide 46 Unlisted Property Schemes: Improving Disclosure for Retail Investors Enhanced Disclosure - ASIC s Regulatory Guide 46 Unlisted Property Schemes: Improving Disclosure for Retail Investors Higgs Street Residential Development Fund ARSN 600 511 224 This enhanced disclosure

More information

RG46 website disclosure for Burns Beach Property Trust (ARSN )

RG46 website disclosure for Burns Beach Property Trust (ARSN ) 31 March 2017 1. Introduction RG46 website disclosure for Burns Beach Property Trust (ARSN 094 229 464) In March 2012, the Australian Securities and Investments Commission ( ASIC ) released an updated

More information

RUS trilogyfunds.com.au

RUS trilogyfunds.com.au Tower Central Trust Benchmarks and Disclosure Principles Report for ASIC Regulatory Guide 46 as at 31 October RUS 2018 trilogyfunds.com.au Trilogy Funds Management Limited ABN 59 080 383 679, AFSL 261425

More information

ASIC RG46 Disclosure. Heathley Keystone Property Fund No. 31. June 2017

ASIC RG46 Disclosure. Heathley Keystone Property Fund No. 31. June 2017 ASIC RG46 Disclosure Heathley Keystone Property Fund No. 31 June 2017 TABLE OF CONTENTS The table below outlines where each of the six benchmarks and eight disclosure principles are addressed in this document:

More information

KNOWING YOUR INVESTMENT (ARSN ) INDEX

KNOWING YOUR INVESTMENT (ARSN ) INDEX This is not an asset of the Fund AUSTGROWTH PROPERTY SYNDICATE No. 23 (ARSN 108 542 043) This Enhanced Disclosure document provides Information Pursuant to ASIC s Regulatory Guide 46 Disclosure Principles

More information

KNOWING YOUR INVESTMENT (ARSN ) INDEX

KNOWING YOUR INVESTMENT (ARSN ) INDEX AUSTGROWTH PROPERTY SYNDICATE No. 23 (ARSN 108 542 043) This Enhanced Disclosure document provides Information Pursuant to ASIC s Regulatory Guide 46 Disclosure Principles Information contained herein

More information

ASIC RG46 Disclosure. Heathley Keystone Property Fund No. 30. December 2017

ASIC RG46 Disclosure. Heathley Keystone Property Fund No. 30. December 2017 ASIC RG46 Disclosure Heathley Keystone Property Fund No. 30 December 2017 TABLE OF CONTENTS The table below outlines where each of the six benchmarks and eight disclosure principles are addressed in this

More information

Abacus Diversified Income Fund II

Abacus Diversified Income Fund II Abacus Diversified Income Fund II DISCLOSURE OF INFORMATION The Australian Securities and Investments Commission (ASIC) has developed six benchmarks and eight disclosure principles for unlisted property

More information

Southern River Syndicate (ARSN )

Southern River Syndicate (ARSN ) Southern River Syndicate (ARSN 117 661 971) ASIC REGULATORY GUIDE 46 The Australian Securities & Investments Commission (ASIC) issued Regulatory Guide 46 (RG 46) in September 2008. RG 46 was revised in

More information

Henley Brook Syndicate (ARSN )

Henley Brook Syndicate (ARSN ) Henley Brook Syndicate (ARSN 114 592 040) ASIC REGULATORY GUIDE 46 The Australian Securities & Investments Commission (ASIC) issued Regulatory Guide 46 (RG 46) in September 2008. RG 46 was revised in March

More information

Ravenhall Office Trust Benchmarks and Disclosure Principles. RUST trilogyfunds.com.au

Ravenhall Office Trust Benchmarks and Disclosure Principles. RUST trilogyfunds.com.au Ravenhall Office Trust Benchmarks and Disclosure Principles Report for ASIC Regulatory Guide 46 as at 30 April RUST 2018* trilogyfunds.com.au Trilogy Funds Management Limited ABN 59 080 383 679, AFSL 261425

More information

RUS trilogyfunds.com.au

RUS trilogyfunds.com.au Cannon Hill Office Trust Benchmarks and Disclosure Principles Report for ASIC Regulatory Guide 46 as at 31 October RUS 2018 trilogyfunds.com.au Trilogy Funds Management Limited ABN 59 080 383 679, AFSL

More information

ASIC REGULATORY GUIDE 46 Unlisted Property Schemes Improving Disclosure for Retail Investors. June June 2012 Fund update

ASIC REGULATORY GUIDE 46 Unlisted Property Schemes Improving Disclosure for Retail Investors. June June 2012 Fund update ASIC REGULATORY GUIDE 46 Unlisted Property Schemes Improving Disclosure for Retail Investors June 2012 June 2012 Fund update Fund update June 2012 Westlawn Property Trust 1 Introduction 1.1 In March 2012,

More information

MAB International Retail Trust ASIC Regulatory Guide 46 Disclosure

MAB International Retail Trust ASIC Regulatory Guide 46 Disclosure MAB International Retail Trust ASIC Regulatory Guide 46 Disclosure This Enhanced Disclosure is issued by MAB Funds Management Limited ( MAB Funds ) as Responsible Entity for the MAB International Retail

More information

ASIC RG46 Disclosure. AusFunds Fractional Property Investment Platform ARSN

ASIC RG46 Disclosure. AusFunds Fractional Property Investment Platform ARSN AusFunds Fractional Property Investment Platform ARSN 623 862 662 ASIC RG46 Disclosure 5 November 2018 Vasco Investment Managers Limited ABN 71 138 715 009 AFSL 344486 ASIC Regulatory Guide 46 Disclosure

More information

ASIC RG46 Disclosure. Heathley Direct Medical Fund No. 2 June 2018 TABLE OF CONTENTS

ASIC RG46 Disclosure. Heathley Direct Medical Fund No. 2 June 2018 TABLE OF CONTENTS ASIC RG46 Disclosure Heathley Direct Medical Fund No. 2 June 2018 TABLE OF CONTENTS TABLE OF CONTENTS The table below outlines where each of the six benchmarks and eight disclosure principles are addressed

More information

ASIC REGULATORY GUIDE 46 DISCLOSURE

ASIC REGULATORY GUIDE 46 DISCLOSURE DISCLOSURE UNLISTED PROPERTY SCHEMES IMPROVING DISCLOSURE FOR RETAIL INVESTORS SECTION 1: DISCLOSURE PRINCIPLES APN Funds Management Limited ABN 60 080 674 479 Australian Financial Services Licence (No.

More information

SMSF Property Fund ARSN A Registered Managed Investment Scheme

SMSF Property Fund ARSN A Registered Managed Investment Scheme SMSF Property Fund ARSN 159 753 474 A Registered Managed Investment Scheme ASIC RG46 Continuous Disclosure Requirements Policy Statement Dated 29 February 2016 ASIC Regulatory Guide 46 Overview The Australian

More information

ASIC RG46 Disclosure. Heathley Direct Medical Fund No. 1. June 2017

ASIC RG46 Disclosure. Heathley Direct Medical Fund No. 1. June 2017 ASIC RG46 Disclosure Heathley Direct Medical Fund No. 1 June 2017 TABLE OF CONTENTS The table below outlines where each of the six benchmarks and eight disclosure principles are addressed in this document:

More information

ASIC RG46 Disclosure. Heathley Direct Medical Fund No. 1. December 2017

ASIC RG46 Disclosure. Heathley Direct Medical Fund No. 1. December 2017 ASIC RG46 Disclosure Heathley Direct Medical Fund No. 1 December 2017 TABLE OF CONTENTS The table below outlines where each of the six benchmarks and eight disclosure principles are addressed in this document:

More information

SMSF Property Fund ARSN A Registered Managed Investment Scheme

SMSF Property Fund ARSN A Registered Managed Investment Scheme SMSF Property Fund ARSN 159 753 474 A Registered Managed Investment Scheme ASIC RG46 Continuous Disclosure Requirements Policy Statement Dated 31 March 2017 ASIC Regulatory Guide 46 Overview The Australian

More information

Regulatory Guide 45 Product Disclosure under ASIC

Regulatory Guide 45 Product Disclosure under ASIC Regulatory Guide 45 Product Disclosure under ASIC The following table provides an update on the benchmarks set by the Australian Securities and Investments Commission in Regulatory Guide 45: Mortgage Schemes

More information

BALMAIN DISCRETE MORTGAGE INCOME TRUSTS (BDMIT)

BALMAIN DISCRETE MORTGAGE INCOME TRUSTS (BDMIT) BALMAIN FUNDS BALMAIN DISCRETE MORTGAGE INCOME TRUSTS (BDMIT) ARSN 155 909 176 RG45 DISCLOSURE STATEMENT PORTFOLIO INFORMATION AS AT 31 DECEMBER 2015 The Australian Securities and Investments Commission

More information

OnePath Mortgage and Income Plus funds additional information

OnePath Mortgage and Income Plus funds additional information OnePath Mortgage and Income Plus funds additional information Effective 20 November 2012 (quarterly update) In this document, the terms we and our refer to OnePath Funds Management Limited (OnePath Funds

More information

ASIC benchmarks and disclosure principles. for the Wholesale Australian Property Fund DATED 27 FEBRUARY 2014

ASIC benchmarks and disclosure principles. for the Wholesale Australian Property Fund DATED 27 FEBRUARY 2014 ASIC benchmarks and disclosure principles for the Wholesale Australian Property Fund DATED 27 FEBRUARY 2014 ASIC benchmarks and disclosure principles for the Wholesale Australian Property Fund ARSN 088

More information

OPUS INCOME & CAPITAL FUND NO. 21 ASIC Regulatory Guide 46: Improving Disclosure Updated October 2014

OPUS INCOME & CAPITAL FUND NO. 21 ASIC Regulatory Guide 46: Improving Disclosure Updated October 2014 OPUS INCOME & CAPITAL FUND NO. 21 ASIC Regulatory Guide 46: Improving Disclosure Updated October 2014 Introduction This document has been prepared by Opus Capital Limited (AFSL 246714), as the responsible

More information

OPUS INCOME & CAPITAL FUND NO. 21 ASIC Regulatory Guide 46: Improving Disclosure Updated March 2015

OPUS INCOME & CAPITAL FUND NO. 21 ASIC Regulatory Guide 46: Improving Disclosure Updated March 2015 OPUS INCOME & CAPITAL FUND NO. 21 ASIC Regulatory Guide 46: Improving Disclosure Updated March 2015 Introduction This document has been prepared by Opus Capital Limited (AFSL 246714), as the responsible

More information

Regulatory Guide 45 Product Disclosure under ASIC

Regulatory Guide 45 Product Disclosure under ASIC Regulatory Guide 45 Product Disclosure under ASIC The following table provides an update on the benchmarks set by the Australian Securities and Investments Commission in Regulatory Guide 45: Mortgage Schemes

More information

High Yield Mortgage Trust Wholesale High Yield Mortgage Trust 11 March 2015

High Yield Mortgage Trust Wholesale High Yield Mortgage Trust 11 March 2015 11 March 2015 High Yield Mortgage Trust Understanding the Trusts The Australian Securities and Investments Commission (ASIC) has issued a set of benchmarks and disclosure principles, contained in ASIC

More information

Fifth Commercial Trust Continuous Disclosure Notice 30 September 2012

Fifth Commercial Trust Continuous Disclosure Notice 30 September 2012 Fifth Commercial Trust Continuous Disclosure Notice 30 September 2012 The Australian Securities & Investments Commission (ASIC) requires responsible entities of unlisted property schemes in which retail

More information

Trilogy Monthly Income Trust Benchmarks and Disclosure Principles Report for ASIC Regulatory Guide 45 as at 31 December 2013

Trilogy Monthly Income Trust Benchmarks and Disclosure Principles Report for ASIC Regulatory Guide 45 as at 31 December 2013 Trilogy Monthly Income Trust Benchmarks and Disclosure Principles Report for ASIC Regulatory Guide 45 as at 31 December 2013 Trilogy Monthly Income Trust Benchmarks and Disclosure Principles Report for

More information

High Yield Mortgage Trust Wholesale High Yield Mortgage Trust

High Yield Mortgage Trust Wholesale High Yield Mortgage Trust High Yield Mortgage Trust Wholesale High Yield Mortgage Trust Continuous Disclosure Notice 8 February 2013 Understanding the Trusts The Australian Securities and Investments Commission (ASIC) has issued

More information

NEWACTON EAST PROPERTY FUND. 24 SEPTEMBER 2014 Product Disclosure Statement

NEWACTON EAST PROPERTY FUND. 24 SEPTEMBER 2014 Product Disclosure Statement NEWACTON EAST PROPERTY FUND 24 SEPTEMBER 2014 Product Disclosure Statement 7.75% forecast distribution yield Commonwealth Government tenant (ACCC) Long term leases Quality asset in prime location Important

More information

a) NMFM maintains cashflows estimates for the scheme for the next three months. months

a) NMFM maintains cashflows estimates for the scheme for the next three months. months Benchmarks for Unlisted Mortgage Schemes Regulatory Guide 45 Australian Monthly Income Fund Wholesale Australian Monthly Income Fund* ARSN 091 553 856 ARSN 091 553 954 * The Wholesale Australian Monthly

More information

Sandhurst Select Mortgage Fund

Sandhurst Select Mortgage Fund Sandhurst Select Mortgage Fund This booklet contains: Supplementary Product Disclosure Statement Dated 1 July 2017 Product Disclosure Statement Date 30 January 2017 The responsible entity and issuer of

More information

Kremnizer Mortgage Fund

Kremnizer Mortgage Fund Kremnizer Mortgage Fund ARSN 101 518 067 Benchmarks and Disclosure Principles Report for ASIC Regulatory Guide 45 as at 31 December 2017 The following report describes each of the benchmarks and disclosure

More information

Questus Land Development Fund (FUND) ARSN RG 46 Updated Disclosure Notice 10 August 2010

Questus Land Development Fund (FUND) ARSN RG 46 Updated Disclosure Notice 10 August 2010 Questus Land Development Fund (FUND) ARSN 116 602 076 RG 46 Updated Disclosure Notice 10 August 2010 In September 2008 the Australian Securities and Investment Commission (ASIC) released a new Regulatory

More information

30 June Australian Securities and Investments Commission Regulatory Guide RG 45 Benchmark and Disclosures Principles

30 June Australian Securities and Investments Commission Regulatory Guide RG 45 Benchmark and Disclosures Principles Eclipse Prudent Mortgage Corporation Limited ABN 54 089 265 270, AFSL 238546 as responsible entity for Eclipse Prudent Mortgage Fund ARSN 090 994 326 30 June 2018 Australian Securities and Investments

More information

Regulatory Guide 45 Product Disclosure under ASIC

Regulatory Guide 45 Product Disclosure under ASIC Regulatory Guide 45 Product Disclosure under ASIC The following table provides an update on the benchmarks set by the Australian Securities and Investments Commission in the Regulatory Guide 45: Mortgage

More information

Product Disclosure Statement

Product Disclosure Statement Lowell Capital Limited HVT Land Scheme (ARSN 154 154 033) Product Disclosure Statement Responsible Entity: Lowell Capital Limited (Lowell) (ABN 60 006 844 588) AFSL 241175 [5966615: 10544076_23] Important

More information

The Balmain (MWMT) Mortgage Trust gains exposure to mortgage investments through investment in the Balmain (MMT) Mortgage Trust.

The Balmain (MWMT) Mortgage Trust gains exposure to mortgage investments through investment in the Balmain (MMT) Mortgage Trust. BALMAIN FUNDS BALMAIN (MMT) MORTGAGE TRUST RG45 DISCLOSURE STATEMENT PORTFOLIO INFORMATION AS AT 31 DECEMBER 2015 The Australian Securities and Investments Commission (ASIC) has issued a set of benchmarks

More information

JOSEPH PALMER & SONS PROPERTY FUND ARSN

JOSEPH PALMER & SONS PROPERTY FUND ARSN JOSEPH PALMER & SONS PROPERTY FUND ARSN 133 409 382 INFORMATION ON THE KEY RISKS AND FEATURES OF THE JOSEPH PALMER & SONS PROPERTY FUND 22 MAY 2015 INTRODUCTION The Australian Securities and Investments

More information

Voluntary Practice Note

Voluntary Practice Note October 2016 Voluntary Practice Note ASIC Regulatory Guide 46 Unlisted property schemes: Improving disclosure for retail investors Joint Voluntary Practice Note issued by the Property Council of Australia

More information

AIMS PROPERTY FUND PRODUCT DISCLOSURE STATEMENT. Entitlement Offer. MACARTHURCOOK A Member of AIMS Financial Group

AIMS PROPERTY FUND PRODUCT DISCLOSURE STATEMENT. Entitlement Offer. MACARTHURCOOK A Member of AIMS Financial Group MACARTHURCOOK A Member of AIMS Financial Group AIMS PROPERTY FUND ST. KILDA ROAD (FORMERLY AUSTGROWTH PROPERTY SYNDICATE No.23) ARSN 108 542 043 RESPONSIBLE ENTITY MACARTHURCOOK FUND MANAGEMENT LIMITED

More information

For personal use only

For personal use only 4 November 2011 Company Announcements Office Australian Stock Exchange Limited 10th Floor, 20 Bond Street Sydney NSW 2000 Dear Sir, Centro Properties Group (ASX:CNP) - Supplementary Disclosure Document

More information

Enhanced Disclosure ASIC s Regulatory Guide 46 Unlisted Property Schemes Improving Disclosure for Retail Investors

Enhanced Disclosure ASIC s Regulatory Guide 46 Unlisted Property Schemes Improving Disclosure for Retail Investors Enhanced Disclosure ASIC s Regulatory Guide 46 Unlisted Property Schemes Improving Disclosure for Retail Investors Open Access Fund Port Coogee Project ARSN 610 925 687 SECTION 2: DISCLOSURE PRINCIPLES

More information

OnePath Mortgages and Income Plus funds

OnePath Mortgages and Income Plus funds OnePath Mortgages and Income Plus funds Additional information 31 MAY 2011 In this document, the terms we and our refer to OnePath Funds Management Limited (OnePath Funds Management). This document contains

More information

Product Disclosure Statement

Product Disclosure Statement Product Disclosure Statement Kremnizer Mortgage Fund ARSN 101 518 067 Dated 2 October 2017 Issued by Baccus Investments Limited ABN 87 095 832 072 AFS Licence No: 220647 JHW/ Table of Contents CORPORATE

More information

THE CKM MORTGAGE TRUST ARSN

THE CKM MORTGAGE TRUST ARSN THE CKM MORTGAGE TRUST ARSN 090 880 890 Australian Securities and Investments Commission Regulatory Guide RG 45 Benchmark and Disclosures Principles The Australian Securities and Investments Commission

More information

OnePath Mortgages and Income Plus funds. Additional information 25 FEBRUARY 2011

OnePath Mortgages and Income Plus funds. Additional information 25 FEBRUARY 2011 OnePath Mortgages and Income Plus funds Additional information 25 FEBRUARY 2011 In this document, the terms we and our refer to OnePath Funds Management Limited (OnePath Funds Management). This document

More information

ABACUS HOSPITALITY FUND HALF-YEAR FINANCIAL REPORT 31 DECEMBER 2010

ABACUS HOSPITALITY FUND HALF-YEAR FINANCIAL REPORT 31 DECEMBER 2010 HALF-YEAR FINANCIAL REPORT Directory Entity: Custodian: Abacus Funds Management Limited Perpetual Trustee Company Limited ABN 66 007 415 590 Level 12 Angel Place Level 34, Australia Square 123 Pitt Street

More information

THE CKM MORTGAGE TRUST ARSN

THE CKM MORTGAGE TRUST ARSN THE CKM MORTGAGE TRUST ARSN 090 880 890 Australian Securities and Investments Commission Regulatory Guide RG 45 Benchmark and Disclosures Principles The Australian Securities and Investments Commission

More information

For personal use only

For personal use only 4 November 2011 Company Announcements Office Australian Stock Exchange Limited 10th Floor, 20 Bond Street Sydney NSW 2000 Dear Sir, Centro Retail Trust (ASX:CER) - Supplementary Explanatory Memorandum

More information

Passive Income (USA Commercial Property) Fund

Passive Income (USA Commercial Property) Fund Passive Income (USA Commercial Property) Fund ARSN 155 770 095 Product Disclosure Statement An unlisted property fund, capped at 100 million issued units (excluding reinvestment of distributions and units

More information

Passive Income (USA Commercial Property) Fund

Passive Income (USA Commercial Property) Fund Passive Income (USA Commercial Property) Fund ARSN 155 770 095 Supplementary Product Disclosure Statement Dated: 29 January 2015 Issued by Plantation Capital Limited ABN 65 133 678 029 AFSL 339481 This

More information

CONTINUOUS DISCLOSURE NOTICE

CONTINUOUS DISCLOSURE NOTICE CONTINUOUS DISCLOSURE NOTICE 30 June 2018 Pooled Mortgage Managed Investment Scheme Direct Mortgage Managed Investment Scheme Understanding the Schemes The Australian Securities and Investments Commission

More information

PRODUCT DISCLOSURE STATEMENT ANGAS CONTRIBUTORY MORTGAGE FUND ARSN DATED 4 DECEMBER 2015

PRODUCT DISCLOSURE STATEMENT ANGAS CONTRIBUTORY MORTGAGE FUND ARSN DATED 4 DECEMBER 2015 PRODUCT DISCLOSURE STATEMENT ANGAS CONTRIBUTORY MORTGAGE FUND ARSN 151 979 645 DATED 4 DECEMBER 2015 ANGAS SECURITIES LIMITED (RESPONSIBLE ENTITY) ACN 091 942 728 AFSL 232 479 TABLE OF CONTENTS IMPORTANT

More information

La Trobe Australian Mortgage Fund Product Disclosure Statement. Date: 11 December 2009

La Trobe Australian Mortgage Fund Product Disclosure Statement. Date: 11 December 2009 La Trobe Australian Mortgage Fund Product Disclosure Statement Date: 11 December 2009 Contents 1. Key Features of the Fund 02 2. Eight (8) Benchmarks 04 3. Investment Snapshot 06 4. Fund Portfolio Metrics

More information

Australian Unity Property Income Fund. Disclosure Principles and Benchmarks 1-3. Portfolio diversification. 31 December 2014

Australian Unity Property Income Fund. Disclosure Principles and Benchmarks 1-3. Portfolio diversification. 31 December 2014 31 December 2014 Australian Unity Property Income Fund The Australian Securities & Investments Commission (ASIC) requires responsible entities of unlisted property schemes in which retail investors invest

More information

PERPETUAL S POOLED SUPER TRUST Product Disclosure Statement

PERPETUAL S POOLED SUPER TRUST Product Disclosure Statement PERPETUAL S POOLED SUPER TRUST Product Disclosure Statement CONTENTS 1. About Perpetual s Pooled Super Trust 2 2. How super works 2 3. Benefits of investing with Perpetual s Pooled Super Trust 2 4. Risks

More information

MIT. Trilogy Monthly Income Trust. product disclosure statement 1 september trilogyfunds.com.au. trilogyfunds.com.au

MIT. Trilogy Monthly Income Trust. product disclosure statement 1 september trilogyfunds.com.au. trilogyfunds.com.au trilogyfunds.com.au Trilogy Monthly Income Trust product disclosure statement 1 september 2017 MIT Trilogy Monthly Income Trust arsn 121 846 722 Responsible Entity: Trilogy Funds Management Limited acn

More information

ASIC REGULATORY GUIDE 46 DISCLOSURE

ASIC REGULATORY GUIDE 46 DISCLOSURE ASIC REGULATORY GUIDE 46 DISCLOSURE UNLISTED PROPERTY SCHEMES IMPROVING DISCLOSURE FOR RETAIL INVESTORS SECTION 2: DISCLOSURE PRINCIPLES AS THEY APPLY TO FUNDS ARSN 601 833 363 APN Funds Management Limited

More information

Stockland Direct Retail Trust No. 1 and its controlled entities. Consolidated Interim Financial Report 31 December 2009

Stockland Direct Retail Trust No. 1 and its controlled entities. Consolidated Interim Financial Report 31 December 2009 Stockland Direct Retail Trust No. 1 and its controlled entities ARSN: 121 832 086 Consolidated Interim Financial Report 31 December 2009 Registered office: 133 Castlereagh Street Sydney NSW 2000 Contents

More information

RMBL MORTGAGE INCOME INVESTMENTS PRODUCT DISCLOSURE STATEMENT FIRST MORTGAGE LENDING + INVESTMENT

RMBL MORTGAGE INCOME INVESTMENTS PRODUCT DISCLOSURE STATEMENT FIRST MORTGAGE LENDING + INVESTMENT FIRST MORTGAGE LENDING + INVESTMENT RMBL MORTGAGE INCOME INVESTMENTS PRODUCT DISCLOSURE STATEMENT A contributory mortgage fund with investment in select mortgages ACN 004 493 789 ARSN 091 248 289 AFS Licence

More information

THE TRUST COMPANY INVESTMENT FUNDS

THE TRUST COMPANY INVESTMENT FUNDS THE TRUST COMPANY INVESTMENT FUNDS Product Disclosure Statement PRODUCT DISCLOSURE STATEMENT Dated 12 November 2014 Issued by Perpetual Investment Management Limited ABN 18 000 866 535 AFSL 234426 IMPORTANT

More information

THE TRUST COMPANY INVESTMENT FUNDS

THE TRUST COMPANY INVESTMENT FUNDS THE TRUST COMPANY INVESTMENT FUNDS Product Disclosure Statement PRODUCT DISCLOSURE STATEMENT DATED 1 MARCH 2017 Issued by Perpetual Investment Management Limited ABN 18 000 866 535 AFSL 234426 IMPORTANT

More information

Challenger Howard Mortgage Fund Challenger Howard Wholesale Mortgage Fund Challenger Mortgage Plus Trust

Challenger Howard Mortgage Fund Challenger Howard Wholesale Mortgage Fund Challenger Mortgage Plus Trust Challenger Howard Mortgage Fund Challenger Howard Wholesale Mortgage Fund Challenger Mortgage Plus Trust Benchmark Report 30 September 2008 This Benchmark Report provides specific information in relation

More information

Teys Strata Development Trust SAS Global Narre Warren ARSN

Teys Strata Development Trust SAS Global Narre Warren ARSN ASIC Regulatory Guide 45 Disclosure Mortgage schemes Teys Strata Development Trust SAS Global Narre Warren ARSN 112 939 509 Date & history of this Document Date of this Document 23 September 2009 Version

More information

Cash Account Income Fund

Cash Account Income Fund Cash Account Income Fund Product Disclosure Statement 2 October 2010 Important information Navigator Australia Limited ABN 45 006 302 987 AFSL 236466 ( Navigator, our, we or us ) is the issuer of this

More information

Australian Unity Select Income Fund

Australian Unity Select Income Fund A contributory mortgage fund with investment in selected registered first mortgage loans Australian Unity Select Income Fund Product Disclosure Statement 31 October 2016 A contributory mortgage fund offering

More information

Product Disclosure Statement. ASCF Mortgage Funds. ASCF #1 Fund ARSN ASCF #2 Fund ARSN

Product Disclosure Statement. ASCF Mortgage Funds. ASCF #1 Fund ARSN ASCF #2 Fund ARSN Product Disclosure Statement ASCF Mortgage Funds ASCF #1 Fund ARSN 616 367 410 ASCF #2 Fund ARSN 616 367 330 Responsible Entity Australian Secure Capital Fund Ltd ACN 613 497 635 AFS licence no. 491201

More information

OnePath Mortgage and Income Plus funds additional information

OnePath Mortgage and Income Plus funds additional information OnePath Mortgage and Income Plus funds additional information EFFECTIVE 11 JUNE 2013 (QUARTERLY UPDATE) In this document, the terms we and our refer to OnePath Funds Management Limited (OnePath Funds Management).

More information

No.1 HEATHLEY AGED CARE PROPERTY FUND PRODUCT DISCLOSURE STATEMENT ARSN

No.1 HEATHLEY AGED CARE PROPERTY FUND PRODUCT DISCLOSURE STATEMENT ARSN HEATHLEY AGED CARE PROPERTY FUND No.1 PRODUCT DISCLOSURE STATEMENT ARSN 606 707 055 X CONTENTS HEADER PAGE HOW TO INVEST 1 DIRECTORY 2 LETTER FROM THE MANAGING DIRECTOR 3 1. INVESTMENT OVERVIEW 4 2. BENCHMARKS

More information

Retail Direct Property 19 ARSN Responsible Entity Retail Responsible Entity Limited ABN

Retail Direct Property 19 ARSN Responsible Entity Retail Responsible Entity Limited ABN ARSN 099 937 416 Responsible Entity Retail Responsible Entity Limited ABN 80 145 213 663 Financial report for the year ended Page Corporate directory 1 Directors' report 2 Auditor's independence declaration

More information

OnePath Mortgage and Income Plus funds additional information

OnePath Mortgage and Income Plus funds additional information OnePath Mortgage and Income Plus funds additional information Effective 3 December 2014 (quarterly update) In this document, the terms we and our refer to OnePath Funds Management Limited (OnePath Funds

More information

16 May Dear Investor. Re: Investor Update - Brookfield Australian Opportunities Fund (Fund)

16 May Dear Investor. Re: Investor Update - Brookfield Australian Opportunities Fund (Fund) 16 May 2011 Dear Investor Re: Investor Update - Brookfield Australian Opportunities Fund (Fund) Brookfield Capital Management Limited (BCML), as Responsible Entity of the Fund, provides the following update

More information

Quantum Mortgage Trust

Quantum Mortgage Trust Mortgage Trust ARSN: 095-909-096 This document is Part One of a two part Product Disclosure Statement. Prospective investors should read both Part One and Part Two Product Disclosure Statement before determining

More information

Debentures improving disclosure for retail investors

Debentures improving disclosure for retail investors REGULATORY GUIDE 69 Debentures improving disclosure for retail investors August 2008 About this guide This guide is for issuers and others involved with the issue of debentures. It sets out guidelines

More information

AUSTRALIAN PROPERTY FUND

AUSTRALIAN PROPERTY FUND AUSTRALIAN PROPERTY FUND Product Disclosure Statement Issued 29 September 2017 Issued by National Mutual Funds Management Ltd ABN 32 006 787 720 AFSL 234652 CONTENTS About AMP Capital About the Australian

More information

OnePath Mortgage and Income Plus funds additional information

OnePath Mortgage and Income Plus funds additional information OnePath Mortgage and Income Plus funds additional information Effective 2 December 2013 (quarterly update) In this document, the terms we and our refer to OnePath Funds Management Limited (OnePath Funds

More information

EQT Mortgage Income Fund

EQT Mortgage Income Fund EQT Mortgage Income Fund Produce Disclosure Statement ARSN 092 615 506 APIR ETL0100AU Issue Date 13 November 2017 Contents 1. Fund at a glance 3 2. Who is managing the Fund? 4 3. How the Fund invests 5

More information

THE TRUST COMPANY PHILANTHROPY FUND

THE TRUST COMPANY PHILANTHROPY FUND THE TRUST COMPANY PHILANTHROPY FUND Product Disclosure Statement CONTENTS 1. About Perpetual Investment Management Limited 2. How The Trust Company Philanthropy Fund works 3. Benefits of investing in The

More information

FINANCIAL STATEMENTS 2016

FINANCIAL STATEMENTS 2016 FINANCIAL STATEMENTS CONTENTS OF FINANCIAL STATEMENTS CONSOLIDATED INCOME STATEMENT 20 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 21 CONSOLIDATED BALANCE SHEET 22 CONSOLIDATED STATEMENT OF CASH FLOWS

More information

Opus Magnum Fund ARSN: Annual Financial Report

Opus Magnum Fund ARSN: Annual Financial Report ARSN: 109 224 419 Annual Financial Report Year ended 30 June 2015 DIRECTOR S REPORT The directors of GARDA Capital Limited (GCL), formerly Opus Capital Limited, the responsible entity (RE) of Opus Magnum

More information

Corporate Directory. Manager & Responsible Entity. Auditors of the Manager. Auditors of the Fund. Solicitors for the Manager

Corporate Directory. Manager & Responsible Entity. Auditors of the Manager. Auditors of the Fund. Solicitors for the Manager Issue date: 30th June 2018 Corporate Directory Manager & Responsible Entity Assured Management Limited ACN 088 868 393 Responsible Entity Australian Financial Services Licence No. 241226 Suite 12A, Mermaid

More information

Learning Guide. Margin Lending. Version: October Advice Solutions is a division of GWM Adviser Services Limited ABN

Learning Guide. Margin Lending. Version: October Advice Solutions is a division of GWM Adviser Services Limited ABN Learning Guide Margin Lending Version: October 2010 Advice Solutions is a division of GWM Adviser Services Limited ABN 96 002 071 749 Table of Contents INTRODUCTION...1 ABOUT THIS COURSE... 1 ABOUT THIS

More information

NAB. Super Lever. Product Disclosure Statement 25 May 2012

NAB. Super Lever. Product Disclosure Statement 25 May 2012 NAB Super Lever Product Disclosure Statement 25 May 2012 1 Issued by National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 Contents This Product Disclosure Statement

More information

GUIDANCE NOTE - SMSFS & PROPERTY

GUIDANCE NOTE - SMSFS & PROPERTY GUIDANCE NOTE - SMSFS & PROPERTY GUIDANCE FOR CPA AUSTRALIA PUBLIC PRACTITIONERS FINANCIAL ADVISORY SERVICES The decision to establish a self-managed super fund (SMSF) requires careful consideration. While

More information

EQT Wholesale Mortgage Income Fund

EQT Wholesale Mortgage Income Fund EQT Wholesale Mortgage Income Fund Produce Disclosure Statement ARSN 101 748 109 APIR ETL0122AU Issue Date 13 November 2017 Contents 1. Fund at a glance 3 2. Who is managing the Fund? 4 3. How the Fund

More information

CONTINUOUS DISCLOSURE NOTICE

CONTINUOUS DISCLOSURE NOTICE CONTINUOUS DISCLOSURE NOTICE 31 December 2015 The Australian Securities & Investments Commission ('ASIC') requires responsible entities of unlisted property schemes in which retail investors invest to

More information

2010 Full Year Results

2010 Full Year Results 2010 Full Year Results Welcome. My name is Mark Phillips. I am the Managing Director of Keybridge Capital. In this presentation, we will look at Keybridge s 2010 financial results, the status of the Company

More information

For personal use only. 360 Capital Total Return Fund Capital Raising Update and IPO

For personal use only. 360 Capital Total Return Fund Capital Raising Update and IPO 18 March 2015 360 Capital Total Return Fund Capital Raising Update and IPO 360 Capital Group (ASX code: TGP) ( 360 Capital or Group ) is pleased to announce the 360 Capital Total Return Fund ( Fund ) has

More information

Tempo Global Currency Fund. Product Disclosure Statement 30 September 2017

Tempo Global Currency Fund. Product Disclosure Statement 30 September 2017 Tempo Global Currency Fund Product Disclosure Statement 30 September 2017 Tempo Global Currency Fund ARSN 616 320 944 APIR HOW8072AU Responsible Entity Fidante Partners Limited ABN 94 002 835 592 AFSL

More information

Australian Unity High Yield Mortgage Trust ARSN Annual financial statements for the reporting period ended 30 June 2014

Australian Unity High Yield Mortgage Trust ARSN Annual financial statements for the reporting period ended 30 June 2014 ARSN 113 151 705 Annual financial statements for the reporting period ended 2014 ARSN 113 151 705 Annual financial statements for the reporting period ended 2014 Contents Page Directors' report 2 Auditor's

More information