Corporate Governance and Compliance

ASIC Licensed

APIL (Australasian Property Investments Limited) holds an Australian Financial Services Licence (AFSL No. 238795). APIL is authorised to provide general financial product advice for interests in managed investment schemes (syndicates) to retail and wholesale investors. For more information please refer to APIL Financial Services Guide (FSG) April-2018

Responsible Entity/Trustee

APIL’s main responsibilities are to make sure that the Trust is managed according to the Constitution,  the Corporations Act, the established investment policy for the Trust and to properly administer the Trust.

Compliance Committee

A compliance committee has been established by the board of APIL and consists of three members (two of whom are external to APIL). The role of the compliance committee is to ensure the Responsible Entity/Trustee complies with the compliance plan and to report any breaches to the board and if necessary to ASIC. APIL compliance committee members are:

Peter Hughes – Responsible Manager
Reena Shah – External Member

Keith Hockley – External Member

 

Related Party Transactions

All transactions in which APIL may have or be perceived to have a conflict of interest will be scrutinised in accordance with APIL’s related party transaction policy. Under this policy conflict situations are assessed by the Compliance Committee and if it is deemed necessary referred to the APIL board to ensure the conflict is managed in an appropriate manner.

Keeping You Informed About Your Investment

To help keep you informed of your investment APIL provides the following:

  • A confirmation notice stating your Application Form has been successfully received.
  • Issuance of a Unit Certificate after settlement of the Property confirming your allotment of Units in the Trust.
  • Remittance statements confirming your monthly income distribution.
  • Quarterly property reports.
  • Annual financial accounts showing taxation details.
  • Annual reports via email.

Anti-Money Laundering and Counter-Terrorism Financing

APIL is required to collect and verify certain customer identification information in compliance with AML/CTF Legislation before it can issue Units to an investor.

If you apply through a financial advisor your identification and verification checks can be carried out by your financial advisor who will also complete the relevant identification form issued by Investment and Financial Services Association Limited and the Financial Planning Association of Australia (IFSA/FPA Form).

If you are submitting your application directly to APIL (without the assistance of a financial advisor) you must submit certified copies of your identification documents with the Application Form. The required identification documents are set out in the Verification Details section of the Application Form contained in the PDS. If you do not complete the relevant verification sections of the Application Form we will not be able to process your application. If you are an existing investor with APIL AND are making the investment in the SAME account name AND have already completed the relevant identification forms previously then you are not required to complete the ‘Verification Details’ sections of the Application Form.

Your Personal Information

We collect your personal information for the following purposes:

  • To administer and provide products and services and to manage our relationship with you.
  • To process transactions.
  • To answer queries and for security purposes.
  • In managing your account we may need to disclose your personal information to.
  • Your financial advisor.
  • Reputable service providers who may carry out functions associated with our products and services on our behalf (e.g. mailing houses).
  • Our financial institution to initiate payment to your nominated account.
  • A third party as required by law.

Under the Privacy Act 1988(Cth), you may request access to any of your personal information APIL holds. You should notify us immediately if any of the information we hold about you changes, so that we can ensure that your information is always complete, accurate and up to date.

APIL’s privacy policy can be found here

 

Complaints Handling

APIL takes complaints seriously and has procedures in place to properly consider and deal with any complaints received from Investors. If you have a complaint or query in relation to the administration or management of a syndicate please contact APIL’s compliance manager at info@apilgroup.com or write to APIL, PO Box 472, Subiaco, WA 6904. The compliance manager will ensure your complaint is acknowledged in writing upon receipt, investigate it and decide in a timely manner what action needs to be taken.

If you are dissatisfied with our response you may raise the matter with the ASIC approved Independent Financial Ombudsman Service of which APIL is a member. Its contact details are:

Financial Ombudsman Service Limited
GPO Box 3 Melbourne VIC 3001

Telephone: 1300 780 808
Fax: (03) 9613 6399
Email: info@fos.org.au This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Website: www.fos.org