Statutory trust

The Club is an ASIC registered Managed Investment Scheme,
which is a form of statutory trust established under Chapter 5C of the Corporations Act.

The Responsible Entity of the Club must clearly identify Club Property and hold it separately to other property of the Responsible Entity.

As a Member, you are conferred a beneficial interest in Club Property in the same proportion as your Première Points bears to the
Total Première Points at any given time. The level of Membership you have will dictate how many Première Points you are entitled to. You are beneficially entitled to a proportion of Club Property but not to any particular Club Apartment.