ASIC has cancelled the Australian financial services (AFS) licence of Australian Property Custodian Holdings Ltd (APCHL) because APCHL is in liquidation.

APCHL is the responsible entity of two registered managed investment schemes, the Prime Retirement and Aged Care Property Trust (ARSN 097 514 746) and the Prime Property Development Trust No. 5 (ARSN 128 976 661) (Schemes).

The cancellation follows enquiries made by ASIC about APCHL’s progress with winding up the Schemes.

Liquidators appointed to APCHL in November 2011 recently advised ASIC that APCHL no longer required the licence. The licence will 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.

Investors can access PKF Melbourne's website at www.pkf.com.au. The offices of PKF Melbourne are situated at Level 12, 440 Collins Street, Melbourne Victoria, 3000.

Background

Australian Property Custodian Holdings Ltd has held AFS licence no. 226692 since 5 March 2003.

APCHL has been the subject of ongoing ASIC action. For more information, visit: Prime Trust.