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2.1 Structure of the Syndicate
The Syndicate is structured as a fixed unit trust. The Trustee is Longyard Development Fund No1 Pty Limited, A.C.N. 123 065 681. The trust was established under the
constitution on the 11 December 2006.
The Syndicate was established for the purpose of acquiring the freehold interest in the subject property and obtaining DA approval for the said development.
As at the date of this Information Memorandum, there will be only one class of Units on issue. Units will be ordinary and fully paid. They will be issued at an issue price of $1.00
per Unit. The rights and obligations of the Unit Holders are set out in the Syndicate Constitution.
3.1 The Trustee
The role of the Trustee of the Syndicate is to ensure that Trust assets are managed and dealt with in accordance with the Syndicate’s Constitution, this Information
Memorandum and the Corporations Act.
The Trustee may engage the services of third party consultants from time to time.
The details of the Trustee as included in the Information Memorandum
