FAQ
What is the Structure of ASIF?
ASIF is a unlisted property trust, where investors own units and
receive distributions based on the income generated by the fund's
assets (primarily Australian rental income). The fund manager is
separate from the security.
Where Can I get an Annual Report for ASIF?
Go to the Reports and Publications section of this website where
they are available in electronic format.
How can I choose to receive or no longer receive the Annual
Report?
This can be requested by writing to the Unit Registry.
What is the difference between a dividend and a
distribution?
Dividends are paid to shareholders by companies out of their
profits.
Distributions are paid to investors by trusts, such as ASIF.
Distributions are usually made up of income for example, rental
income, and may also include a capital payment to investors.
When are distributions paid?
Distributions for ASIF are paid monthly on or around the 21st
day of the month.
What is the Record Date?
The Record Date is the date on which the fund’s unit register is
closed off to identify the Unitholders and to calculate any
entitlement to the fund’s current distribution. All change of
address notifications, direct credit instructions, TFN/ABN or
exemption notification instructions election forms must be
incorporated into the unit register by 5.00pm on the Record Date to
apply for the fund’s current distribution.
What is the 'Ex-distribution Date'?
The Ex-distribution Date is the date on which units change from
being quoted 'cum' to 'ex'. Units are usually quoted
ex-distribution on the first trading day following the end of each
month. Units sold ex-distribution entitle the seller (the previous
owner) to receive the last declared distribution prior to the sale,
rather than the purchaser. The unit price may fall on the
Ex-distribution Date, with the fall in price being similar to the
amount of distribution to be paid.
What distributions have been paid in the past?
For details of the most recent distribution history, please go
to the Investor Relations tab of this website.
Does ASIF have a Distribution Reinvestment Plan (DRP)?
Yes, however, it is not currently active. The DRP allows you to
have your distributions reinvested in additional units in the fund,
rather than having your distributions paid to you. The DRP was
suspended in July 2007. However, the Fund intends to reintroduce
the DRP at an appropriate time in the future.
How do I have payments paid directly to my bank or building
society?
To receive your distribution payments by direct credit into your
bank or financial institution account, or to change previously
advised account details, you must provide written advice to the
Unit Registry. In some cases, this advice can be provided online.
Please refer to the Unit Registry for more details.
How do I change my investment details (eg name, address, method
of payment etc)?
To make changes to your investment details, written advice must
be forwarded to the Unit Registry. In some cases, this advice can
be provided online. Please refer to the Unit Registry for more
details.
How can I give notification of my Tax File Number (TFN)?
Advice of TFNs can be given in writing to the Unit Registry or
lodged online via the Unit Registry’s website. You can download a
TFN notification form from the Unit Registry's website. You may
choose not to provide your TFN, however if you do not provide your
TFN your distribution will be taxed at the highest marginal
rate.
How do I contact the Unit Registry?
Registries Limited
PO Box R67
Royal Exchange NSW 1223
Telephone: 1300 131 856 or 61 2 9290 9600
Facsimile: 61 2 9279 0664
Website: www.registries.com.au
When will I receive my annual tax statement?
A tax statement for the tax year to 30 June is mailed to all
Unitholders who have held an investment in the fund during that
financial year. The tax statements are typically mailed out 6 - 8
weeks after 30 June each year.
The tax statement summarises the distributions paid during the
year and includes information required to complete your annual tax
return, such as the tax deferred component of the distribution.
Does ASIF hold an Annual General Meeting?
The fund is not required to hold an annual general meeting
unless it chooses to do so. The manager issues announcements,
reports and presentations that are available on this site from time
to time.
How do I contact the Manager?
Go to the Contact Us component of this web page or use the
details below:
Austock Property Management Limited
Level 1, 350 Collins Street
Melbourne Vic 3000
Telephone: 61 3 8601 2668
Facsimile: 61 3 9670 3174
Toll Free: 1800 806 362
Email: property@austock.com.au
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