Disclaimer
By reading this, I acknowledge that:
- only factual information is contained on this website, and nothing is intended to be a recommendation or statement of opinion which influences me to make an investment decision;
- the information contained on this website is not financial product advice; and
- I will read any relevant Offer Document and obtain appropriate advice in relation to my investment objectives, financial situation and particular needs before making any financial decision.
- For queries, please contact: peet.syndicates@peet.com or (08) 9420 1111
Peet Land Syndicates
Peet pioneered the land syndication model in Australia.
Share in the success of community development by joining other small and large investors who participate in the ownership and development of land earmarked for residential development via a single purpose, Peet created company or managed investment scheme / trust (Peet Syndicate).
Peet Syndicate investors range from mum and dad investors through to high-net-worth investors and offer investors the chance to invest in entities involved in the development of residential communities.
If you wish to register your interest in buying securities in a Peet Syndicate, please complete a Buyers’ Authority form and return it to Peet.
How land syndication works
- Peet identifies a strategic parcel of land and assesses the opportunity.
- Peet negotiates and purchases the land.
- Peet sets up the entity (Peet Syndicate) to develop the land.
- Independent experts (lawyers, engineers, economists, valuers, planners and accountants) undertake rigorous due diligence on the offer document (refer below).
- An offer is made to syndicate investors through a prospectus or product disclosure statement (referred to as an ‘offer document’).
- Investors registered with Peet receive the offer document, complete the application if they wish to invest and then receive their investment allocation.
- Peet assigns an experienced project development team.
- Required planning and development approvals are sought and obtained.
- Subject to market conditions, staged construction commences, and the first lots are released for sale.
- Construction and sale of lots continue in staged releases throughout the life of the project.
- Peet Syndicate investors are informed on the development progress through regular updates.
- As company profits emerge and subject to working capital requirements, funding and taxation legislation, dividends/distributions are paid to syndicate investors and capital is also returned progressively.
- Once the development is completed, the Peet Syndicate is wound up and final dividends and returns of capital are made to securityholders.
Responsible Entity
Since 5 July 2012, Peet Funds Management Limited ACN 145 992 169 has been the responsible entity of Managed Investment Schemes (MIS) established by Peet. MISs currently operating are:
- Burns Beach Property Trust (ARSN: 094 229 464)
- Peet Yanchep Land Syndicate (ARSN: 145 969 713)
- Peet Werribee Land Syndicate (ARSN: 610 856 098)
- Peet Greenvale Syndicate (ARSN: 160 996 510) (completed – in wind-up)
Peet Funds Management Limited operates under Australian Financial Services Licence 415753.
In accordance with ASIC’s RG46, Peet Funds Management Limited is required to disclose specific information regarding the MISs, which aims at improving disclosure to all retail investors of unlisted registered property schemes. View the current relevant disclosures below.
- Burns Beach Property Trust (ARSN: 094 229 464)
- Peet Yanchep Land Syndicate (ARSN: 145 969 713)
- Peet Werribee Land Syndicate (ARSN: 610 856 098)
Current investors – managing your securities
Please log in to Computershare to manage your investment and update your details, for example direct credit updates/notifications, TFN notifications, communication preferences, and change of addresses.
Transferring Securities
Sale
Please provide to Peet:
- a Transfer Form (found below) (completed, and signed by both the Transferor/seller and Transferee/buyer);
- the original Share Certificate (or a Lost or Destroyed Share/Unit Certificates Statutory Declaration Form (found below)); and
- the relevant supporting documents (outlined below).
Please note that if you do not provide the correct supporting documents your transfer may be delayed or rejected.
Change of Trustee
Please provide to Peet:
- a covering letter detailing the change;
- a certified copy of the instrument that confirms the details of both the retiring and new trustees (for example Trust Deed or Deed of Amendment); and
- the relevant supporting documents (outlined below).
Deceased Estate
Please provide to Peet:
- a Transfer Form (found below) (completed, and signed by both the Transferor/seller and Transferee/buyer);
- the original Share Certificate (or a Lost or Destroyed Share/Unit Certificates Statutory Declaration Form (found below));
- the relevant supporting documents (outlined below); and
- an original certified copy of the probate or the death certificate and will.
If the beneficiaries are new investors in a Peet Syndicate, they must also provide certified identification.
Surviving Holder
In the case of a joint security holding where one holder has passed away, please provide to Peet:
- the original share certificate (or a Lost or Destroyed Share/Unit Certificates Statutory Declaration Form (found below));
- certified copy of the death certificate; and
- certified copy of the surviving holder’s ID (see Supporting Documents below).
A Transfer Form is not required, and a new certificate will be issued to the surviving holder.
Supporting Documents
Transferor/seller – an original certified copy of identification as per the table below.
Transferee/buyer – an original certified copy of their identification as per the table below (for new investors in Peet Syndicates or on request by Peet).
| Investor Type | Example | Identification Documents Required |
| Individual | Sam Sample | Original certified copy of one of the below: – Australian driver’s licence containing a photograph of individual – Australian passport (a passport that has expired within the preceding two years is acceptable) – Card issued under a State or Territory for the purpose of providing person’s age containing a photograph of the person – Foreign passport or similar travel document containing a photograph and the signature of the person – Foreign driver’s licence that contains a photograph of the person in whose name the document is issued |
| Joint | Sam Sample and Jane Sample | For each registered holder – Original certified copy of one of the below: Identification documents as per individual investor type noted above |
| Company | ABC Pty Ltd | Australian registered companies: Original certified copy of: Identification documents as per individual investor type noted above for each Officeholder who has signed the Transfer Form Foreign registered companies: Original certified copy of: Identification documents as per individual investor type noted above for each Officeholder who has signed the Transfer Form |
| Trust | ABC Pty Ltd or Sam Sample and Jane Sample | Refer to respective sections above for Joint or Company Trustee requirements. If the trust is not a registered managed investment scheme or government superannuation fund then please complete the: Customer Identification and Verification form (found below). Please provide an original certified copy of the Trust Deed. |
Certifying Documents
An authorised person must check and sign a copy of an original document to state that it is a valid document.
How to certify a document:
- The document must be certified by someone who has permission to do so under State law.
- The certifying officer’s name, qualification and contact number must be clearly stated on the document.
- All pages of the document must be certified.
- The certification must contain a statement to the effect that it is a ‘true and correct copy’ of the original.
- The stamp and/or statement and signature of the authorised person must be original. No photocopies of the certification are acceptable.
Examples of persons, who may be able to certify a document as a true and correct copy of an original, include:
- Legal Practitioner
- Justice of the Peace
- Chartered Accountant or Certified Practicing Accountant
- Legally qualified medical practitioners
- Members of the police force
We will not accept documents certified by parties involved in the transaction.
Power of Attorneys
If the Transfer Form is signed under Power of Attorney, the Power of Attorney document must either be previously lodged with Peet or submitted as an original certified copy along with the Transfer Form.
Replacement Certificates
If the original security certificate is lost, you can request a replacement by completing the Lost or Destroyed Share Certificate form (found below)and mailing it to us together with a certified copy of identification.
Anti money-laundering and counter-terrorism financing
Peet is required to comply with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act) and has adopted an anti-money laundering and counter terrorism financing program. The program:
- Sets out the key measures that Peet will apply to assess the AML/CTF risks to its activities;
- Sets out the key measures that Peet will apply to mitigate and control those risks; and
- Explains the manner in which Peet will approach customer identification and verification.
As prescribed by the AML/CTF Act, Peet must undertake customer identification procedures for each investor in the Company’s managed investment schemes called ‘know your customer’ identification.
Peet may from time to time update its information requirements from Peet Syndicate investors to meet updated standards under the AML/CTF Act.
Minimum ‘know your customer’ identification is required to be collected from each party involved in a transfer of units. The level of ‘know your customer’ identification required to be collected will depend on the specific circumstances.
Sellers / Buyers register
Peet does not operate a secondary market for the buying and selling of Peet Securities. If you wish to register your interest in buying or selling securities in any Peet Syndicate, you will need to complete a Buyers’ or Sellers’ Authority form and return it to Peet (found below).
Peet will assist the assembly of a buyer and seller by keeping a register of the names offered (with contact details) and passing on the names, as requested, to facilitate parties who wish to trade.
Peet Syndicate investors wanting to sell their securities need to complete the Sellers’ Authority Form (found below) and provide this to Peet. Once received by Peet:
- Seller details will be added to the Sellers’ Register; and
- if requested, provided with a list of potential buyers for the relevant Peet Securities.
Investors looking to acquire Peet Syndicate securities need to complete the Buyers’ Authority Form (found below) and provide this to Peet. Once received by Peet:
- Buyer details will be added to the Buyers’ Register; and.
- if requested, provided with a list of potential sellers for the relevant Peet Securities.
Once the parties agree on appropriate transaction terms, and an executed transfer form is received by Peet, along with the relevant documentation (see Transferring Securities section, above), a new securities certificate will be issued in the name of the purchaser and the transfer registered.
Forms
Lost or Destroyed Share/Unit Certificate Statutory Declaration
Customer Identification & Verification Form
All forms and supporting documents to be submitted to:
Syndicate Investor Services Officer
Peet Limited
PO Box 7224
Cloisters Square WA 6850
For queries, please contact:
peet.syndicates@peet.com.au or (08) 9420 1111