Continuous Disclosure

44. From 5 November 2017, the Responsible Entity for the Accor Vacation Club pointed the following apartments:

  • The Mercure Gold Coast Apartment 7302  – studio, 121,200 points, Club Australia
  • The Mercure Gold Coast Apartment 7303  – studio, 121,200 points, Club Australialia
  • The Mercure Gold Coast Apartment 7301  – one bedroom, 179,200 points, Club Australia
  • The Mercure Gold Coast Apartment 7304  – one bedroom, 179,200 points, Club Australia
  • The Mercure Gold Coast Apartment 7305  – one bedroom, 179,200 points, Club Australia

Date: 5 November 2017

43. From 1 October 2017, the Responsible Entity for the Accor Vacation Club pointed the following apartment:

  • The Sebel Melbourne Flinders Lane Apartment 609  – studio, 165,000 points, Club Australia

Date: 1 October 2017

42. Change of Compliance Plan Auditor

On 4 July 2017, the responsible entity received notice of ASIC’s consent to the resignation of Reginald Lance Williams as compliance plan auditor for the Accor Vacation Club.  The incoming compliance plan auditor for the Accor Vacation Club will be Lee-Ann Dippenaar of WPIAS Pty Ltd. The change in compliance plan auditor is due to the internal policy of WPIAS Pty Ltd to rotate compliance plan auditors from time to time.  

Date: 14 July 2017

41. From 1 April 2017, the Responsible Entity for the Accor Vacation Club pointed the following apartments:

  • The Sebel Sydney Manly Beach Apartment 203  – studio deluxe, 190,000 points, Club Australia
  • The Sebel Sydney Manly Beach Apartment 207  – studio, 167,000 points, Club Australia
  • The Sebel Sydney Manly Beach Apartment 208  – studio, 167,000 points, Club Australia
  • The Sebel Sydney Manly Beach Apartment 210  – studio, 167,000 points, Club Australia
  • The Sebel Sydney Manly Beach Apartment 211 – studio, 167,000 points, Club Australia
  • The Sebel Sydney Manly Beach Apartment 212  – studio, 167,000 points, Club Australia

Date: 1 April 2017

40. From 1 January 2017, the Responsible Entity for the Accor Vacation Club pointed the following apartments:

  • The Sebel Sydney Manly Beach Apartment 301  – 1 bedroom deluxe, 263,500 points, Club Australia
  • The Sebel Sydney Manly Beach Apartment 307  – studio, 167,000 points, Club Australia
  • The Sebel Sydney Manly Beach Apartment 310  – 1 bedroom, 217,000 points, Club Australia

Date: 1 January 2017

39. Product Disclosure Document dated 1 January 2017

Clause 4.3 – Personal Benefits and Premiere Plus Members

The Accor Vacation Club Member Loyalty program has now been extended to include Accor hotels in Fiji and French Polynesia.

Date: 1 January 2017

38. Product Disclosure Statement dated 1 January 2016 (PDS)

In relation to section 10.8 of the PDS, on and from 30 November 2016, the words ‘Part 5 of the Securities Act 2001 and the Securities (Mutual Recognition of Securities Offerings – Australia) Regulations 2008’ are deleted and replaced with ‘subpart 6 of Part 9 of the Financial Markets Conduct Act 2013 and Part 9 of the Financial Markets Conduct Regulations 2014.’

Further, the contact details for the Financial Markets Authority, New Zealand can be found at http://www.fma.govt.nz.

Date: 30 November 2016

37. Accor Vacation Club announces new Club Apartments in Manly, Sydney NSW

On the 18th of October 2016 the responsible entity for the Accor Vacation Club pointed the following apartments at The Sebel Sydney Manly Beach, Sydney.

There are 83 apartments in the resort, of which the Club owns 6 (Lots 35, 36, 37, 38, 42, & 43 on SP76027), being 5 deluxe studio apartments (which sleep up to 2 people) and 1 deluxe one bedroom apartment (which sleeps up to 4 people).

  • Sebel Manly Apartment  501 (lot 35) – deluxe 1 Bedroom, 263,500 points, Club Australia
  • Sebel Manly Apartment  502 (lot 36) – deluxe studio, 190,000 points, Club Australia
  • Sebel Manly Apartment  503 (lot 37) – deluxe studio, 190,000points, Club Australia
  • Sebel Manly Apartment  504 (lot 38) – deluxe studio, 190,000 points, Club Australia
  • Sebel Manly Apartment  601(lot 42) – deluxe studio, 190,000 points, Club Australia
  • Sebel Manly Apartment  602 (lot 43) – deluxe studio, 190,000 points, Club Australia

Date: 18 October 2016

36. From 15 September 2016, the Responsible Entity for the Accor Vacation Club pointed the following apartment:

  • Turtle Beach Apartment 22 – 2 bedroom, 223,200 points, Club Australia

Date: 15 September 2016

35. From 1 August 2016, the Responsible Entity for the Accor Vacation Club pointed the following apartment:

  • Turtle Beach Apartment 325 – 1 bedroom, 179,200 points, Club Australia

Date: 1 August 2016

34. From 30 June 2016, the Responsible Entity for the Accor Vacation Club pointed the following apartment:

  • Turtle Beach Apartment 143 – 1 bedroom, 179,200 points, Club Australia

Date: 30 June 2016

33. From 7 June 2016, the Responsible Entity for the Accor Vacation Club pointed the following apartment:

  • Turtle Beach Apartment 236 – 1 bedroom, 179,200 points, Club Australia

Date: 7 June 2016

32. From 1 June 2016, the Responsible Entity for the Accor Vacation Club pointed the following apartment:

  • Turtle Beach Apartment 331 – 2 bedroom, 223,200 points, Club Australia

Date: 1 June 2016

31. Product Disclosure Document dated 1 January 2016
Page 28
Clause 8.13(d) – Related Party Agreements
Please note that there is a typographical error contained in this clause.  The Deed of Set Off is dated 1 June 2001 and not 10 October 2000. 

Date: 21 January 2016

30. The Responsible Entity entered into an agreement in March 2012 to allow Accor Vacation Club Members to use 4 additional apartments at Novotel Bali Nusa Dua Resort in Bali.  This agreement has now been terminated and these additional 4 apartments are no longer available to Accor Vacation Club Members to use.

Date: 15 December 2015

29. From 14 December 2015, the Responsible Entity for the Accor Vacation Club pointed the following apartments:

  • Novotel Lake Crackenback Apartment 16 – 3 bedroom, 302,900 points, Club Australia
  • Novotel Lake Crackenback Apartment 20 – 3 bedroom, 302,900 points, Club Australia
  • Novotel Lake Crackenback Apartment 35 – 2 bedroom deluxe, 302,000 points, Club Australia
  • Novotel Lake Crackenback Apartment 38 – 1 bedroom deluxe, 199,400 points, Club Australia

Date: 14 December 2015

28. From 5 November 2015,Novotel Creswick Forest Resort was purchased by RACV and has rebranded to RACV Goldfields.

  • Members staying at The Sebel Creswick Forest Resort will check-in at RACV Goldfields but will no longer have access to or use of facilities at RACV Goldfields.

Date: 5 November 2015

27. From 1 September 2015, the Responsible Entity for the Accor Vacation Club pointed the following apartment:

  • The Sebel Pinnacle Valley Resort Apartment 301 – 1 bedroom, 166,400 points, Club Australia

Date: 1 September 2015

26. From 1 June 2015, the Responsible Entity for the Accor Vacation Club pointed the following apartments:

  • Freshwater Point Apartment 2210 – 1 bedroom, 216,000 points, Club Australia
  • Freshwater Point Apartment 2911 – 1 bedroom, 216,000 points, Club Australia
  • Freshwater Point Apartment 2109 – 2 bedroom, 332,000 points, Club Australia
  • Freshwater Point Apartment 2208 – 2 bedroom, 332,000 points, Club Australia

Date: 1 June 2015

25. From 1 April 2015, the Responsible Entity for the Accor Vacation Club pointed the following apartments:

  • Coral Coast Palm Cove Apartment 212 – 1 bedroom, 182,800 points, Club Australia
  • Freshwater Point Apartment 2312 – 1 bedroom, 216,000 points, Club Australia

Date: 1 April 2015

24. Addendum to the Product Disclosure Statement Dated 31 December 2015

Part 10.5 of the Product Disclosure Statement refers to APVC Limited’s membership with an external dispute resolution service, namely the Credit Ombudsman Service Limited (“COSL”).

At the annual general meeting held on 19 November 2014, members of COSL passed a special resolution to change the name of the company to ‘Credit and Investments Ombudsman Limited’. The EDR scheme/service that is operated by the company will be known as ‘Credit and Investments Ombudsman’ (CIO).

Current COSL email addresses will remain the same.

Date: 12 January 2015

23. From 1 December 2014, the Responsible Entity for the Accor Vacation Club pointed the following apartments at Coral Coast Palm Cove:

  • Coral Coast Palm Cove Apartment 208 – 1 bedroom, 182,800 points, Club Australia
  • Coral Coast Palm Cove Apartment 209 – 1 bedroom, 182,800 points, Club Australia
  • Coral Coast Palm Cove Apartment 210 – 1 bedroom, 182,800 points, Club Australia
  • Coral Coast Palm Cove Apartment 211 – studio, 123,600 points, Club Australia

Date: 1 December 2014

22. From 1 November 2014, the Responsible Entity for the Accor Vacation Club pointed the following apartments at Basildene Manor:

  • Basildene Manor Apartment 18 – studio, 155,000 points, Club Australia
  • Basildene Manor Apartment 19 – deluxe studio, 175,600 points, Club Australia

Date: 1 November 2014

21. From 1 October 2014, the Responsible Entity for the Accor Vacation Club removed the following apartment at Freshwater Point from the Accor Vacation Club:

  • Freshwater Point Apartment 2014 – 1 bedroom 216,000 points Club Australia
  • Freshwater Point Apartment 2506 – 1 bedroom 216,000 points Club Australia

Date: 1 October 2014

20. From 1 September 2014, the Responsible Entity for the Accor Vacation Club pointed the following apartments at Coral Coast Palm Cove:

  • Coral Coast Palm Cove Apartment 206 – 1 bedroom, 182,800 points, Club Australia
  • Coral Coast Palm Cove Apartment 207 – 2 bedroom, 228,200 points, Club Australia

Date: 1 September 2014

19. From 1 June 2014, the Responsible Entity for the Accor Vacation Club pointed the following apartments at Coral Coast
    Palm Cove:

  • Coral Coast Palm Cove Apartment 204 – 1 bedroom, 182,800 points, Club Australia

Date: 22 May 2014

18. Removal of complimentary one year silver Le Club Accorhotels Membership

As disclosed in section 4.2 of the PDS, Personal Benefits are added extra for Members, and may be added or removed by the Responsible Entity at any time. Please note that the complimentary one year silver Le Club Accorhotels Membership is no longer provided to Members as a Personal Benefit.

Date: 15 April 2014

17. From 1 September 2013, the Responsible Entity for the Accor Vacation Club pointed the following apartments at Coral Coast
    Palm Cove:

  • Coral Coast Palm Cove Apartment 101 – 2 bedroom, 228,200 points, Club Australia
  • Coral Coast Palm Cove Apartment 106 – 1 bedroom, 182,800 points, Club Australia
  • Coral Coast Palm Cove Apartment 108 – 1 bedroom, 182,800 points, Club Australia
  • Coral Coast Palm Cove Apartment 109 – 1 bedroom, 182,800 points, Club Australia

Date: 1 September 2013

16. Coral Coast Palm Cove

From 1 June 2013, the Responsible Entity for the Accor Vacation Club pointed up four, one bedroom apartments at Coral Coast Palm Cove. These apartments being numbers  7, 8, 9 and 102.

Date: 1 June 2013

15. From 1 April 2012, the Responsible Entity for the Accor Vacation Club pointed the following apartments at Coral Coast
    Palm Cove:

  • Coral Coast Palm Cove Apartment 6 – 2 bedroom, Club Australia
  • Coral Coast Palm Cove Apartment 103 – studio, Club Australia
  • Coral Coast Palm Cove Apartment 104 – 1 bedroom, Club Australia

14. Printing formatting error in PDS dated 17 December 2012

Please note that there is a printing formatting error on page 20 of the Product Disclosure Statement dated 17 December 2012 (PDS) that you were provided with. At paragraph 7.3 of the PDS, in the table, under Management Costs, column two should read:

“The Responsible Entity is entitled to a management fee of the greater of no more than 15% per annum of the total expenses of the Club and 5% of the value of Club Assets…”

not:

“The Responsible Entity is entitled to a management fee of the greater of no more than 1 per annum of the total expenses of the Club and 5% of the value of Club Assets…”

This is consistent with the Budget Assumptions listed at paragraph 7.14 of the PDS.

Should you wish to obtain a copy of the correctly formatted PDS, it is available on the Member Website at:

https://www.accorvacationclub.com.au/legals/product-disclosure-statement/

or you can request one in writing from legal@accorvacationclub.com.au.

Date: 8 January 2013

13. The following apartments were pointed up by the Responsible Entity for the Accor Vacation Club from
1 December 2012:

  • Coral Coast Palm Cove Apartment 1 – 2 bedroom, Club Australia
  • Coral Coast Palm Cove Apartment 2 – studio, Club Australia
  • Coral Coast Palm Cove Apartment 3 – 1 bedroom, Club Australia
  • Coral Coast Palm Cove Apartment 5 – 1 bedroom, Club Australia

12. Coral Coast Palm Cove

From 1 October 2012, the Responsible Entity for the Accor Vacation Club pointed up two apartments at Coral Coast Palm Cove.   One, one bedroom apartment (being apartment 213) and one studio apartment (being apartment 214).

Date: 5 October 2012

11. Coral Coast Palm Cove

From 1 August 2012, the Responsible Entity  for the Accor Vacation Club pointed up one three bedroom apartment at Coral Coast Palm Cove (being apartment 205).

Date: 5 October 2012

10. Accor Vacation Club announces the new Accor Hotel Select  program

On the 3rd July 2012 the Launch of the Accor Hotel Select program took place. The Accor Hotels Select program is a Personal benefit provided to the Accor Vacation Club, Premiere Plus Members.

To learn more about Personal Benefits, Members are encouraged to consult the Product Disclosure Statement which can be downloaded here: https://members.accorvacationclub.com.au//Regulatory-Documents.aspx

Date: 4 July 2012

9. Accor Vacation Club announces new Club Apartments at the Hunter Valley

As of the 1st of May 2012, A.P.V.C. Ltd as responsible entity for the Accor Vacation Club pointed up two one bedroom apartments (being apartments 19 and 21).

Date: 1 May 2012

8. Novotel Bali Nusa Dua

From 1 March 2012, the Responsible Entity has licensed four additional rooms at the Novotel Bali Nusa Dua for Member use as Club Property for the term of the licence. The right to use these additional rooms is a Personal Benefit. To read more about Personal Benefits, please refer to section 4.2 of the Product Disclosure Statement. The initial term of the licence is for two years. The apartments are not owned by the Accor Vacation Club and it is not anticipated that they will be available for Member use for the lifetime of the Scheme.

Date: 19 March 2012

7. GST Services Agreement 

On 5 February 2010, the Australian Tax Office revised its tax ruling in respect of GST payable and Input Tax Credit entitlements associated with levies charged to members of timeshare schemes which provided that fees paid to timeshare operators in respect of maintaining the interests in the timeshare scheme could be treated as consideration for an input taxed supply of an interest in a timeshare scheme. As a result of the ruling, A.P.V.C. Ltd as responsible entity of the Accor Vacation Club has been informed that it has over-remitted GST to, and over-claimed Input Tax Credits from the ATO relating to the 2007 to 2010 calendar years. Accordingly, and having first sought the approval of the ATO of its intentions, A.P.V.C. Ltd has appointed A.P.V.C. Holdings Pty Ltd as its service provider to facilitate the refund of overpaid GST to eligible Members and remit the over-claimed Input Tax Credits to the ATO.

Affected members will receive information about any amount to which they are entitled in their Club Fee invoice.

Date: 13 February 2012

6. Update to the Co-operation Agreement

At section 8.20 of the Product Disclosure Statement, it states that, from time to time, A.P.V.C. Finance Pty Ltd (“APVCF”), A.P.V.C. Finance (NZ) Pty Ltd (“APVFNZ”)or AVC Finance Pty Ltd (“AVCF”) may enter into or vary existing agreements with financiers which may cause changes to the Co-operation Agreement or cause a new Co-operation Agreement to be entered into.

On 25 January 2012, the previous Co-operation Agreement was terminated and the new Co-operation Agreement was entered into in connection with a change of financier to APVCF, APVCFNZ and AVCF. The new Co-operation Agreement adds AAPC Limited and AAPC Properties Pty Limited as parties to the agreement but does not materially alter the terms of the agreement as stated in the Product Disclosure Statement.

Date: 13 February 2012

5. Accor Vacation Club announces new Club Apartments at the Hunter Valley and Coral Coast

Between 1 October 2011 and 1 December 2011, A.P.V.C. Ltd as responsible entity for the Accor Vacation Club pointed up four apartments (being two at Hunter Valley and two at Coral Coast) to become Club Property. These apartments are listed in the Product Disclosure Statement dated 16 December 2011.

Date: 13 February 2012

4. Accor Vacation Club announces new Club Apartments at the Hunter Valley

On the 1st of April 2011 and on the 1st of June 2011 A.P.V.C. Ltd as responsible entity for the Accor Vacation Club pointed up three one bedroom apartments at Grand Mercure The Vintage, Hunter Valley (being apartments number 7, 9 and 11).

The Club accordingly now owns 11 one bedroom apartments, 16 two bedroom apartments at the Resort. There are now 4 apartments held by A.P.V.C. Ltd, which are still to be pointed up.

Date: 8 July 2011

3. Inter-Club use for Club Australia has been suspended for an indefinite time.

An Inter-Club Reservation refers to an accommodation booking made by a Club Australia Member staying in a Club Asia owned room or a Club Asia Member utilising Club Australia inventory. The agreement between Club Australia and Club Asia has allowed Australian Members to utilise Club Asia owned rooms at the Novotel Bali Nusa Dua and for Club Asia Members to access accommodation at Club Australia properties.

Unfortunately, the demand for Club Australia members utilising Club Asia inventory in Bali has far exceeded our expectations. Due to this imbalance, the Inter-Club program has been put on hold until the demand is more balanced.

Accor Vacation Club Apartments at the Nusa Dua property held under Club Australia inventory remains unaffected and is still available for Member use. Should you have any questions, please contact your friendly Member Services team.

Date: 8 July 2011

2. Change to Cancellation Policy

The cancellation rules changed on 16th December 2010 and they have been simplified, as requested by members. The penalties now also only apply 3 months before check in and not 6 months as was previously the rule.
The new cancellation policy is as follows:

  • 0-7 days prior to check in – 100% loss of points and $55 fee
  • 8-90 days prior to check in -50% loss of points and $55 fee
  • 91+ days prior to check in – $55 fee only.

For more information please consult section 3.5 of the current PDS.

Date: 8 July 2011

1.  Renting of Premiere Points

The ability to rent premiere points is currently unavailable as this process has not proven to be financially beneficial for Club members.

Date: 8 July 2011

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