Capacity of the responsible entity
The Responsible Entity is required to meet strict financial guidelines as set out in the Corporations Act including minimum net tangible assets of $500,000 or 0.5% of scheme property where it acts as Custodian and it must produce regular cash flow statements to ensure it has the financial resources to meet its obligations for a forecast of three months to be reviewed on a monthly basis.

Professional indemnity and fraud insurance
Australian Public Trustees holds professional indemnity insurance for the sum of $5 million.

COMPLAINTS HANDLING PROCEDURES
The Compliance Plan and Compliance Committee

As required by the Corporations Act, Australian Public Trustees has lodged its Compliance Plan with the Australian Securities and Investments Commission

The Compliance Plan sets out how the Responsible Entity intends to ensure that this scheme complies with the Corporations Act and intends to operate under the Constitution.

Copies of the Compliance Plan are available free of charge from the office of Australian Public Trustees.

The Compliance Plan identifies the personnel of Australian Public Trustees who have responsibilities and duties in relation to the Compliance Committee, the valuation of property, and reports to unitholders, borrowings, the use of external service providers and safekeeping and inspection of records, disaster recovery plans and other matters relating to the operation of the scheme.

The Compliance Committee has been established to monitor compliance with the Compliance Plan and report to the directors of the Responsible Entity on a regular basis regarding adherence to the compliance plan the Corporations Act and the Constitution.

If the issues are not addressed by either the management or the Board the Compliance Committee is obliged to report to the Australian Securities and Investments Commission. Where a Compliance Committee member receives information regarding serious breaches of the Compliance Plan, Constitution or the activities of the Responsible Entity he or she has an obligation to report to Australian Securities and Investments Commission in any event.

The Compliance Committee is currently comprised of an executive director and two external members, with a majority of external members as required by the Corporations Act.

Where a Unitholder has a complaint, at first instance they should contact the complaints officer at the office of the Responsible Entity and request a complaint form, at the following address:

That form and the complaint procedures including details of their right to apply to an independent complaints service will be forwarded to them within fourteen days.

If that complaint is not dealt with by Australian Public Trustees to the satisfaction of unitholder, they may make application to Financial Industry Complaints Service Limited (FICS), an independent body charged with reviewing investor complaints, and have it adjudicate on the issue. Australian Public Trustees is a member of FICS. Their address details are:

Financial Industry Complaints Service Ltd

Compliance Committee
The members of the Compliance Committee are Don Christie, Clifford Clayton and Anthony Lewis.