ASIC cancels AFS of Australian Property Custodian Holdings
The Australian Securities and Information Commission (ASIC) has cancelled financial services (AFS) licence of Australian Property Custodian Holdings (APCHL), the responsible entity of two managed investment schemes, because APCHL is in liquidation.
The cancellation followed ASIC’s enquiries about APCHL’s progress with winding up the two schemes, the Prime Retirement and Aged Care Property Trust and the Prime Property Development Trust No. 5.
Liquidators appointed to APCHL in November 2011 recently advised ASIC that APCHL no longer required the licence.
ASIC said the licence would continue in effect until 16 August 2023 only to allow APCHL to provide the financial services necessary for the winding up of the schemes.
“Investors in the Prime Retirement and Aged Care Property Trust (Prime Trust) seeking information about the affairs of APCHL and the Prime Trust, including any court proceedings, should contact the liquidators, PKF Melbourne, directly,” ASIC said in a statement.
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