Responsible Entity

Endeavour Securities (Australia) Limited (Endeavour) has been appointed to act as the Responsible Entity (RE) for the LifeFocus Investment Fund and has been granted a licence, pursuant to the Corporations Act, to act as a Responsible Entity and to carry on a financial services business for Managed Investment Schemes. (AFSL No. 224972)

In broad terms, the responsibility of the RE is to ensure that the LifeFocus Investment Fund discharges it responsibilities correctly, including meeting its regulatory and legislative requirements, as well as acting in best interest of all members / investors/ unitholders.

LifeFocus Investment Fund is a registered scheme with the Australian Securities and Investment Commission and is governed by a constitution. A compliance plan is in place which highlights the key processes, systems and structures that the RE will apply to ensure compliance with the Corporations Act, the scheme’s constitution and financial service legislation. The plan is required to be audited annually and the audit report is lodged with the Australian Securities and Investments Commission (ASIC).

In summary, Endeavour’s role as RE encompasses the following key central functions:

• Scheme (fund) registration
• Issue of disclosure documents
• Establishing compliance plans and monitoring these against regulatory and legislative requirements
• Appointment and monitoring of external service providers (Audit, Custody and Administration) including the delivery of key  service standards.