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) October 2018
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.
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:
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:
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 takes complaints seriously and has procedures in place to properly consider and deal with any complaints received from Investors. Investors, including Indirect Investors have access to the dispute resolution process. If you have a complaint or query in relation to the administration or management of a syndicate or trust please contact APIL’s Compliance Manager on +61 8 9380 3222 or email firstname.lastname@example.org 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 is to be taken, with a formal response provided no later than 45 days from receipt of the initial complaint.
If you are dissatisfied with our response you may raise the matter with the following ASIC approved entities of which APIL is a member:
Financial Ombudsman Service Limited
GPO Box 3 Melbourne VIC 3001
Telephone: 1800 367 287 (free call)
Fax: (03) 9613 6399
Australian Financial Complaints Authority
GPO Box 3 Melbourne VIC 3001
Telephone: 1800 931 678