Important Update
From 5 October, issuers and distributors of financial products must comply with the applicable obligations under the DDO Regime. The Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Act 2019 (Cth) recently introduced design and distribution obligations (DDO Regime) to Chapter 7 of the Corporations Act 2001 (Cth).
As part of the application process for new investments, investors will be asked a series of filtering questions relating to the TMD to ensure they clearly understand the key risks of the product in which they are investing.
How does this impact me?
As an existing investor, you should take the time to read the TMD for Global Capital Property Fund Limited. The TMD can be downloaded using the link below.
Further to the above, DDO may impact you if one of the following occurs:
– You choose to invest more funds into GCPF.
– You change your investment goals after 5 October 2021.
Target Market Determination (TMD)
In light of the above, Global Capital Property Fund Ltd must comply with the Target Market Determination obligations. This Target Market Determination (TMD) is required under section 994B of the Corporations Act 2001 (Cth) (The Act). It sets out a class of consumers for whom the product, including its key attributes, would likely be consistent with their likely objectives, financial situation and needs.
GCPF Target Market Summary
This product is likely to be appropriate for consumers seeking capital growth and looking for a diversified portfolio of real estate development investments. The consumer will typically have a medium to long term investment horizon. It suits investors with a growth investment profile or that are looking to fill the growth component of a balanced portfolio, which is complimented with more defensive investments.
If you have any questions in relation to the above, please contact us here.
