New Investor Application Form

This Application Form relates to the Joseph Banks Property Fund Information Memorandum (Offer Document) dated 2 February 2022 for the offer of units in the Joseph Banks Property Fund (Fund) issued by Quay Wholesale Fund Services Pty Ltd (ABN 84 647 044 602 AFSL No 528526) (Trustee), You must read the Offer Document in full before completing this Application Form and seek professional advice before investing.

Any capitalised terms which are used and not defined within this Application Form have the meaning given in the Offer Document.

Investor AML/CTF Checklist

Please read the Investor AML/CTF Checklist and the Key Terms and Concepts documentation below before completing the application form.

We require certain information about you to fulfil obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth) (AML/CTF Act) and related regulations and rules and the U.S. Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) requirements. If you don’t provide all the information we need, we may not be able to process your application or (if units are issued to you) may need to redeem your units at some time in the future. We will take appropriate steps to verify the information you give to us, as required by law. To do this, we may disclose your information to various government agencies in Australia and overseas. Take time to read the section headed Privacy Policy in the Offer Document before submitting this form.

You are not obliged to provide either your Tax File Number (TFN) or Australian Business Number (ABN) but if you do not provide either your TFN or ABN and unless you claim a TFN exemption, the Trustee will be required to deduct tax at the highest marginal tax rate (plus Medicare levy). Collection of TFN information is authorised and its use and disclosure are strictly regulated by the tax laws and the Privacy Act 1988 (Cth).

Part A – Primary photographic identification

At least one of the following identity documents in relation to each applicant:

  • Current Australian passport (or current within the preceding two years)
  • Driver’s licence (Australian State or Territory) containing a photograph of the person
  • Card issued under a State or Territory for the purpose of proving a person’s age containing a photograph of the person
  • Foreign passport or similar travel document containing a photograph and the signature of the person*

Certified copies of these documents will suffice. A ‘certified copy’ or ‘certified extract’ means a document that has been certified as a true copy of an original of that document.

If you do not have any of the above documents, then please provide the documents set out in Part B or Part C.

Part B – Acceptable secondary identification documents

One of the following identity documents in relation to each applicant:

  • 1. Australian birth certificate
  • 2. Australian citizenship certificate
  • 3. Pension card issued by Department of Human Services (previously Centrelink)

1. A document issued by the Commonwealth or a State or Territory within the preceding 12 months that records the provision of financial benefits to the individual and which contains the individual’s name and residential address.

2. A document issued by the Australian Taxation Office within the preceding 12 months that records a debt payable by the individual to the Commonwealth (or by the Commonwealth to the individual), which contains the individual’s name and residential address. Block out the TFN before scanning, copying or storing this document.

3. A document issued by a local government body or utilities provider within the preceding 3 months which records the provision of services to that address or to that person (the document must contain the individual’s name and residential address).

Part C – Acceptable foreign photographic identification documents

One of the following identity documents in relation to each applicant:

  • Foreign driver’s licence that contains a photograph of the person in whose name it issued and the individual’s date of birth*
  • National identity card issued by a foreign government containing a photograph and a signature of the person in whose name the card was issued*

* If the document is not in English, please provide an English translation prepared by an accredited translator.

Where you are unable to provide any of the documents set out under Part A, Part B or Part C above, please contact Solander Funds Management to discuss alternative verification as permitted by law.

At least one of the following identity documents showing the full company name, ACN and whether the company is public or proprietary:

  • Certificate of company registration issued by the Australian Securities and Investments Commission (ASIC)
  • Full company search of ASIC databases conducted within the previous 3 months showing:
    • the full name of the company;
    • the ABN/ACN;
    • the registered office address of the company;
    • the principal place of business of the company;
    • the names and addresses of each director of the company (only for a proprietary company); and
    • the shareholders of the company (for all proprietary companies which are not licensed subject to regulatory oversight of a Commonwealth, State or Territory statutory regulator)
  • If the company is a regulated company, a search of the licence or other records of the relevant Commonwealth, State or Territory statutory regulator
  • If the company is listed on an Australian securities exchange or is a subsidiary of such a company, a search of the relevant financial market or stock exchange showing details of the ticker (issuer) code for the relevant listed company

Unregulated Australian companies

One of the following showing the full company name, ACN and whether the company is public or proprietary:

  • Annual statement from ASIC issued in the previous 12 months
  • Full company search of ASIC databases issued in the previous 6 months
  • Certificate of company registration
  • For each beneficial owner of the company (including any shareholder who directly or indirectly owns or controls 25% or more of the issued capital or who exerts control over the company), provide the identity documents in accordance with the Individual verification requirements above

Non-Australian companies

One of the following showing the full company name, type (whether it is public or private), the ARBN issued by ASIC or the identification number issued to the company by the relevant foreign regulator:

  • Certified copy of the company’s certificate of registration or incorporation issued by ASIC or the equivalent issued by the foreign jurisdictions in which the company was incorporated, established or formed
  • Certified copy of the company’s articles of association or constitution
  • Full company search on the ASIC databases or equivalent databases of foreign registration body (which must include the name of the regulator, the name of the company and the foreign registration number)

For each beneficial owner of the company (including any shareholder who directly or indirectly owns or controls 25% or more of the issued capital or who exerts control over the company), provide the identity documents in accordance with the Individual verification requirements above

CERTIFYING A COPY OF AN ORIGINAL DOCUMENT

All documents must be provided in a certified copy format – in other words, a copy of the original document that has been certified by an eligible certifier.

A ‘certified extract’ means an extract that has been certified as a true copy of some of the information contained in a complete original document by one of the persons described below.

Please note that we require the copy which was actually signed by the certifier (i.e. the original penned signature of the certifier).

People who can certify documents or extracts are:

  1. architect;
  2. chiropractor;
  3. dentist;
  4. financial adviser or financial planner;
  5. legal practitioner;
  6. medical practitioner;
  7. midwife;
  8. migration agent;
  9. nurse;
  10. occupational therapist;
  11. optometrist;
  12. patent attorney;
  13. pharmacist;
  14. physiotherapist;
  15. psychologist;
  16. trade marks attorney;
  17. veterinary surgeon;
  18. a person who is enrolled on the roll of the Supreme Court of a State or Territory, or the High Court of Australia, as a legal practitioner (however described);
  19. an agent of the Australian Postal Corporation who is in charge of an office supplying postal services to the public;
  20. an Australian consular officer or an Australian diplomatic officer (within the meaning of the Consular Fees Act 1955 (Cth));
  21. a bailiff;
  22. a bank officer with 2 or more years continuous of service;
  23. a building society officer with 2 or more years of continuous service;
  24. a chief executive officer of a Commonwealth court;
  25. a clerk of a court;
  26. a Commissioner for Affidavits;
  27. a Commissioner for Declarations;
  28. a credit union officer with 2 or more years of continuous service;
  29. an employee of the Australian Trade and Investment Commission who is:
  30. in a country or place outside Australia;
  31. authorised under paragraph 3(c) of the Consular Fees Act 1955 (Cth); and
  32. exercising his or her function in that place;
  33. an employee of the Commonwealth who is:
  34. in a country or place outside Australia;
  35. authorised under paragraph 3(c) of the Consular Fees Act 1955 (Cth); and
  36. exercising his or her function in that place;
  37. an accountant who is a Fellow of the National Tax Accountants’ Association;
  38. a finance company officer with 2 or more years of continuous service;
  39. holder of a statutory office which is not otherwise specified here;
  40. a Judge of a court;
  41. a Justice of the Peace;
  42. a Magistrate;
  43. a marriage celebrant registered under Subdivision C of Division 1 of Part IV of the Marriage Act 1961 (Cth);
  44. a Master of a court;
  45. a member of the Governance Institute of Australia Ltd;
  46. an engineer who is:
  47. a member of Engineers Australia, other than at the grade of student;
  48. a Registered Professional Engineer of Professionals Australia;
  49. registered as an engineer under a law of the Commonwealth, a State or Territory; or
  50. registered on the National Engineering Register by Engineers Australia;
  51. an accountant who is a member of the Association of Taxation and Management Accountants;
  52. a member of the Australian Defence Force who is:
  53. an officer;
  54. a non‑commissioned officer within the meaning of the Defence Force Discipline Act 1982 (Cth) with 2 or more years of continuous service or a warrant officer within the meaning of that Act;
  55. an accountant who is a member of the Chartered Accountants Australia and New Zealand in Australia, CPA Australia or the Institute of Public Accountants;
  56. a Member of:
  57. the Parliament of the Commonwealth;
  58. the Parliament of a State;
  59. a Territory legislature; or
  60. a local government authority;
  61. a minister of religion registered under Subdivision A of Division 1 of Part IV of the Marriage Act 1961 (Cth);
  62. a notary public, including a notary public (however described) exercising functions at a place outside the Commonwealth and external Territories of the Commonwealth;
  63. a permanent employee of the Australian Postal Corporation with 2 or more years of continuous service who is employed in an office supplying postal services to the public;
  64. a permanent employee of (with 2 or more years of continuous service) with:
  65. a State or Territory or a State or Territory authority; or
  66. a local government authority;
  67. a person before whom a statutory declaration may be made under the law of the State or Territory in which the declaration is made;
  68. a police officer;
  69. a Registrar, or Deputy Registrar, of a court;
  70. a senior executive employee of:
  71. the Commonwealth or a Commonwealth authority; or
  72. a State or Territory or a State or Territory authority;
  73. a SES employee of the Commonwealth;
  74. a sheriff;
  75. a sheriff’s officer;
  76. a teacher employed on a full‑time basis at a school or tertiary education institution;
  77. a Member of the Australasian Institute of Mining and Metallurgy;
  78. an APS employee engaged on an ongoing basis with 2 or more years of continuous service not specified elsewhere;
  79. an officer with, or authorised representative of, a holder of an Australian financial services licence, having 2 or more years of continuous service with one or more licensees;
  80. an officer with, or a credit representative of, a holder of an Australian credit licence, having 2 or more years of continuous service with one or more licensees;
  81. a person in a foreign country who is authorised by law in that jurisdiction to administer oaths or affirmations or to authenticate documents.

The eligible certifier must include the following information:

  • Their full name
  • Address
  • Telephone number
  • The date of certifying
  • Capacity in which they are eligible to certify, and
  • An official stamp/seal if applicable

The certified copy must include the statement, “I certify this is a true copy of the original document”.

For photographic documents, the certified copy must include the statement, “I certify this is a true copy of the original document and the photograph is a true likeness”.

BENEFICIAL OWNER

To comply with AML/CTF laws, we require you to disclose the Beneficial Owners. Beneficial Owner means an individual who ultimately owns or controls (directly or indirectly) the investor.

‘Owns’ means ownership (either directly or indirectly) of 25% or more of the investor.

‘Controls’ includes control as a result of, or by means of, trusts, agreements, arrangements, understandings and practices, whether or not having legal or equitable force and whether or not based on legal or equitable rights, and includes exercising and control through the capacity to determine decisions about  financial and operating policies.

CONTROLLING PERSON(S)

‘Controlling Persons’ means with respect to an entity that is a legal person, natural person(s) who exercises control over an entity.

This should be interpreted in a manner consistent with relevant Financial Action Task Force Recommendations on the terms “beneficial owner”. Investors that are Passive NFFEs or NFEs under FATCA and CRS respectively should consult their own advisors regarding any Controlling Person(s) they may have.

COMMON REPORTING STANDARD (CRS)

CRS is a global reporting standard, developed by the Organisation for Economic Cooperation and Development, for the automatic exchange of information. Its goal is to allow tax authorities to obtain a clearer understanding of financial assets held abroad by their residents, for tax purposes. Over 88 countries have agreed to share information on residents’ assets and incomes in accordance with defined reporting standards. This means that financial institutions around the globe must provide tax authorities with taxpayer financial account data, and the financial institutions must therefore collect this information from their customers and pass it on.

UNITED STATES FOREIGN ACCOUNT TAX COMPLIANCE ACT (FATCA)

FATCA promotes cross border tax compliance by US taxpayers, by implementing an international standard for the automatic exchange of information related to those taxpayers. Australia has entered into an inter-governmental agreement (IGA) with the US to implement FATCA in Australia, to be administered through the Australian Taxation Office (ATO).  The Australia-US FATCA IGA requires the ATO to obtain detailed account information for US citizens and/or taxpayers on an annual basis. The effect of this is that, to satisfy their FATCA obligations, relevant Australian financial institutions must identify any US taxpayers and report those taxpayers’ financial account data to the ATO.

GLOBAL INTERMEDIARY IDENTIFICATION NUMBER (GIIN)

GIIN is an abbreviation of Global Intermediary Identification Number. The FATCA Registration System approves foreign financial institutions (FFI), financial institution (FI) branches, direct reporting non-financial foreign entities (NFFE), sponsoring entities, sponsored entities, and sponsored subsidiary branches. Institutions and entities assigned a GIIN can use it to identify themselves to withholding agents and tax administrators for FATCA reporting purposes.

POLITICALLY EXPOSED PERSONS (PEP)

To comply with AML/CTF laws, we require you to disclose whether you are, or have an association with, a Politically Exposed Person (‘PEP’). A PEP is an individual who holds a prominent public position or function in a government body or an international organisation in Australia or overseas, such as a Head of State, or Head of a Country or Government, or a Government Minister, or equivalent senior politician. A PEP can also be an immediate family member of a person referred to above, including spouse, de facto partner, child, and a child’s spouse or a parent. A close associate of a PEP, i.e. any individual who is known to have joint beneficial ownership of a legal arrangement or entity is also considered to be a PEP. Where you identify as, or have an association with, a PEP, we may request additional information from you.

Wholesale CLIENT

If you are applying for $500,000 or more worth of units you’ll be automatically deemed to be a Wholesale Client and no additional documentation is required.

If you are investing less than $500,000, additional documentation will be required to confirm that you are a Wholesale Client in the form of:

  1. An accountant’s certificate issued within the preceding 24 months certifying that you have:
    • net assets of at least $2.5 million, or
    • gross income for each of the last two financial years of at least $250,000.

OR

  1. A declaration that you are a professional investor because you:
    • are the trustee of a superannuation fund within the meaning of the Superannuation Industry (Supervision) Act 1993 (Cth) with net assets of at least $10 million,
    • control at least $10 million (including any amount held by an associate or under a trust that the investing entity manages),
    • hold an Australian financial services licence, or
    • are a ‘professional investor’ as otherwise defined in the Corporations Act.

Please contact us if you wish to demonstrate that you are a Wholesale Client on a different basis to those set out above.

If you wish to complete the application offline download the PDF of our Investor Application Form.

Download Investor Application Form

Download the Accountant’s Certificate. (To be completed by a qualified accountant*)

Download Accountant’s Certificate