Compliance
The directors of the Viento Group of companies have adopted Australian Standard AS3806 - 2006 Compliance program as the framework for the compliance program for Viento Property Limited.
Viento Property Limited is a wholly owned subsidiary of the Viento Group and holds an Australian Financial Services Licence (No. 224663) that authorises it to act as a responsible entity for the:
- Viento Diversified Property Fund ARSN 096 494 576
- Metro Property Syndicate ARSN 104 394 658
- New Enterprise Property Syndicate ARSN 107 008 739
- Premiere Property Syndicate ARSN 102 949 486
- Henley Brook Syndicate ARSN 114 592 040
- Southern River Syndicate ARSN 117 661 971
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The Viento Property Limited compliance program is monitored by a compliance committee. The committee comprises two members who are independent of Viento Property Limited and the Viento Group of Companies.
The independent committee members are:
Murray Jones (Chairman)
Murray has over 10 years of compliance and risk management experience gained through a variety of senior positions held at the Australian Securities Commission and the AXA Asia Pacific Holdings Group. At AXA he held the position of Group Business Risk and Compliance Manager for four years.
Ian Rust
Ian is a property consultant with over 40 years experience in the property industry. He is a Fellow of the Australian Property Institute, a past President of the Victorian division of the Property Council of Australia and was previously a member of the national board of that institute.
Sharman Grant
BA, LLB, LLM
Sharman is the Risk & Compliance Officer for the Viento Group and has a broad range of legal experience with particular expertise in government law. She started her career in private law firms giving advice on commercial transactions for building and property development clients. After joining ASIC as a junior solicitor, Sharman worked in the policy area and later in the commercial regulatory team. She carried out commercial and enforcement legal work and finally worked as senior executive responsible for implementing the Financial Services legislation. Sharman has extensive experience in implementing compliance and risk management arrangements for AFS licensees.
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Responsible Entity Primary Securities Ltd (
www.primarysecurities.com.au )
Trust Company Limited (
www.trust.com.au )
Sandhurst Trustees Ltd (
www.sandhursttrustees.com.au )
ANZ Banking Group (
www.anz.com )
Viento Property Limited is a reporting entity under the AML/CTF Act and is required to verify the identity of investors making applications for units in the Fund or Syndicates. Direct Investors must provide identification information. Where Investors apply through a financial adviser Viento Property Limited may rely on financial advisers to verify their clients’ identity. Under the Act, Viento Property Limited is also required to report suspicious transactions to AUSTRAC.
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Viento Property Limited has an internal complaints resolution process to comply with requirements under the Corporations Act and belongs to an external complaints resolution scheme, the Financial Ombudsman Service Limited.
Where an investor has a complaint they may contact the Viento Property Limited complaints officer. Viento Property Limited will do all it can to deal with any complaints. If an investor is unsatisfied, they may refer their complaint to Financial Ombudsman Service (FOS), an independent body charged with reviewing investor complaints.
Financial Ombudsman Service Limited
GPO Box 3
Melbourne VIC 3001
Tel: 1300 780 808
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