Act in the best interests of unitholders as a whole pursuant to the Corporations Act, Constitution and Compliance Plan on a day to day basis. This is the most fundamental duty of an RE;
Maintain a Compliance Plan pursuant to Part 5C.5 of the Corporations Act;
Identify and monitor all deadlines to ensure compliance with statutory reporting
Ensure that the engaged service provider attends to the preparation and lodgement of the Scheme accounts, tax returns, BAS, TFN, AIIR reports;
Engage a Scheme compliance plan, account and tax auditor(s), and other relevant agents;
Attend to auditor enquiries in relation to the compliance plan, accounts and tax audits;
Sign all statutory accounts and tax returns;
Maintain appropriate NTA, resources, compliance reporting structure, licences and insurance to act as an approved RE;
Ensure appropriate complaint handling mechanisms are in place and maintain membership of an approved external Complaints Handling Scheme. The RE is a member of the Financial Ombudsman Service.
