Who manages the Westlawn Property Trust?
The Manager or Responsible Entity of the Westlawn Property Trust is Clarence Property Corporation Limited. Clarence Property Corporation Limited is a property investment fund manager which commenced operations in 2001 and holds an Australian Financial Services Licence (no. 230212) granted by ASIC to act as the responsible entity to promote and manage Managed Investment Schemes. The manager is responsible for the efficient management of the Trust. It’s duties, responsibilities and powers are set out in the Constitution. The manager must always comply with the various requirements of the Corporations Act. The manager is required to act at all times in the best interests of Unit Holders. In addition to supervising the management of the properties, the manager also arranges and manages: • accounting and taxation records; • income distributions; • the preparation of reports to Unit Holders; • the maintenance of all statutory registers; and • the general business affairs of the Trust.
