Australasian Property Investments Limited

This licence authorises the licensee to carry on a financial services business to:

provide general financial product advice for the following classes of financial products:

interests in managed investment schemes limited to:

own managed investment scheme only;

deal in a financial product by:

issuing, applying for, acquiring, varying or disposing of a financial product in respect of the following classes of financial products:

interests in managed investment schemes limited to:

own managed investment scheme only; and

applying for, acquiring, varying or disposing of a financial product on behalf of another person in respect of the following classes of products:

deposit and payment products limited to:

basic deposit products;

deposit products other than basic deposit products;

general insurance products; and

interests in managed investment schemes excluding investor directed portfolio services;

operate the following kinds of registered managed investment schemes (including the holding of any incidental property) in its capacity as responsible entity:

"API Kinross Shopping Centre Trust" scheme (ARSN: 160 825 132),

a scheme which only holds the following types of property:

direct real property;

"APIL Wingate St Leonards Office Trust" scheme (ARSN: 168 284 213),

a scheme which only holds the following types of property:

direct real property; and

schemes which only hold the following types of property:

direct real property; and

provide the following custodial or depository services:

operate custodial or depository services other than investor directed portfolio services;

to retail and wholesale clients.