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FINANCIAL SERVICES GUIDE

Align Funds Management Limited ACN 105 684 231, formerly called Orchard Investments Management Limited (OIML), the Responsible Entity for the Timbercorp Primary Infrastructure Fund ARSN 116 024 830 (TPIF).
Date: 5 December 2006
This Financial Services Guide (FSG) provides you with information about Timbercorp Primary Infrastructure Fund (OIML) to help you decide whether to use the financial services and products it offers.
 
This FSG:

  • provides contact details for OIML
  • explains how OIML and your Advisor are remunerated,
  • details any potential conflicts of interest, and
  • provides details of OIML's internal and external complaints handling procedures and how you can access them.
OIML requires its representatives to provide you with this important document and has authorised its publication on this website.
 

You will receive additional documents from OIML if you choose to invest in any financial products issued by OIML from time to time. Where you have chosen to invest in any registered managed investment scheme operated by OIML, you will receive a Product Disclosure Statement describing that financial product. If you have chosen to invest in any securities issued by OIML, for example debentures, you will receive a prospectus issued by OIML describing those securities. To invest in any financial product you must complete the application form attached to the product disclosure statement or the prospectus. Each document will contain information about the units issued by OIML and will assist you in making an informed decision about that product.
 
Information about OIML
OIML is a related entity of Timbercorp Limited, a S&P/ASX 200 listed company and is the Responsible Entity for Timbercorp Primary Infrastructure Fund.  The Timbercorp Primary Infrastructure Fund, formerly called the Timbercorp Agribusiness Trust, was established in September 2005 to acquire agricultural properties, including associated infrastructure and permanent water rights, for use in agribusiness projects.
 
OIML is based in Melbourne, Victoria and its contact details are:
 
Align Funds Management Limited
Level 33, 360 Collins Street
Melbourne, VIC 3000
Telephone: (03) 9691 5414
Fax: (03) 9642 0066
Email:
enquiries@OIML.com.au
Website: www.OIML.com.au

Financial Services and Products

OIML holds Australian Financial Services Licence number is 234554, which authorises it to:

  • operate the registered managed investment schemes: Timbercorp Orchard Trust (ARSN 106 557 297) and the Timbercorp Primary Infrastructure Fund (ARSN 116 024 830). 
  • deal in and issue financial products including units in any managed investment schemes it operates and securities it issues, and
  • provide general advice in respect of the units in any managed investment scheme it operates and in relation to the securities it issues, to retail and/or wholesale clients.
No Personal Advice
OIML and any of its representatives are not authorised to provide personal financial advice in relation to any financial products issued by OIML nor at all. This means that any advice provided to you in relation to these products has been prepared without taking into account your objectives, financial situation or needs. You should therefore consider the appropriateness of the advice in light of your own objectives, financial situation or needs, before acting on the advice. If the advice related to the acquisition or possible acquisition of a particular financial product, you should obtain a copy of and consider the product disclosure statement and/or the prospectus for that product before making any decision.
 
Providing instructions to OIML
You can give OIML instructions by telephone, mail, email, fax or via the website. Some financial products may call for special instruction arrangements, this will be detailed in the relevant product disclosure document or prospectus.
 
Personal information
OIML handles any personal information collected in accordance with the National Privacy Principles, as detailed in its privacy policy. A copy of the privacy policy is available from this website.


Investment Risks
When providing you with general advice about any financial products it has issued, OIML’s representative will give you a product disclosure statement or a prospectus before you can apply for any financial products. These documents explain the risks associated with a subscription for financial products issued by OIML. If you have any questions about these risks prior to investing you should ask your advisor or call OIML on (03) 8615 1200.
 
OIML’s Representatives, Remuneration and Conflicts of Interest
Any financial services offered are provided by representatives of OIML. OIML will therefore be responsible for any financial services that your advisor provides. Before providing you with any financial services, OIML’s representative will provide you with an FSG which includes their name and contact details, and sets out how they are remunerated for their services and any conflicts of interest they may hold.

Payments to OIML or its representatives for financial services
Other than management fees and any other fees and expenses it is entitled to charge and be reimbursed for, as set out in the constitution of each trust, OIML does not charge any other fees for the financial services it delivers. The product disclosure statement for each trust sets out the remuneration OIML is entitled to receive in relation to that trust.
OIML’s pays professional fees to some of its directors.
 
Where your adviser is also an employee of Timbercorp Limited, your advisor will not be paid any commission by OIML.
 
Where your advisor is not an employee of Timbercorp Limited, your advisor will be paid a commission by OIML for providing you with general advice about its financial products. Your advisor will give you an FSG expressing details of this commission as a percentage and dollar amount.
 
In addition the commission will also be disclosed in:

  • the product disclosure statement issued by OIML for financial products which are interests in any registered managed investment schemes operated by OIML; 
  • the prospectus issued by OIML for financial products which are securities issued by OIML.

Referral fees
If you have been referred to your advisor and your referrer will be paid a commission by your advisor or OIML, details of the commission will be set out in the FSG given by your advisor or be disclosed to you separately.

Complaints Handling

If you have a complaint about the service provided to you, you should take the following steps:
 
1.    Contact OIML’s Complaints Officer on: 03 9691 5414
 
Timbercorp Primary Infrastructure Fund
Level 33, 360 Collins Street
Melbourne, Victoria 3000
Telephone: 03 9691 5414
Fax: 03 9642 0066

Email: enquiries@OIML.com.au

2.    If you do not get a satisfactory outcome, you have the right to complain to the Financial Industry Complaints Scheme Limited, which can be contacted toll free on 1 800 335 405. OIML is a member of this scheme.
The Australian Securities and Investments Commission also has a freecall infoline on 1800 335 405 which you may use to make a complaint and obtain information about your rights.

 

Copyright © Orchard Investments Management Limited - 2006