The information applies to Launch Corporation (ACN 142 080 386) and its related bodies corporate (“Launch”). It is important to read the following information about the content of the Launch web site (www.launchcorp.com.au).
Information on this website is of a general nature only. It does not take into account any individual’s personal circumstances, nor does it seek to make a personal recommendation to any individual. In order for a personal recommendation to be made you should contact an appropriately qualified and licensed financial adviser so a full needs analysis can be undertaken with full access to personal information. None of Launch Corporation Pty Ltd, its related bodies corporate, nor any of their employees, will provide any individual with personal financial advice.
Launch may from time to time seek to provide investors with the opportunity to invest in property sites with redevelopment potential. Investors expressing an interest to invest in a Launch development will be issued with an Information Memorandum (“IM”) giving them the opportunity of investing in a unit trust established to pool funds for the purpose of redeveloping a site. Launch is aware that the interest in the unit trust will constitute an interest in a managed investment scheme (“MIS”).
This opportunity to invest would be offered to both Wholesale and Retail clients (retail client participation will be restricted to comply, inter alia, with 601ED(2) of the Corporations Act). Launch will ensure that by virtue of sections 1012E (including regulation 7.9.16A) and 601ED(2) that the MIS will not be required to be registered notwithstanding the involvement of Retail investors.
Launch is not required to give a Product Disclosure Statement (“PDS”) to Wholesale clients in respect of any interests issued to them in the MIS. Launch acknowledges that the meaning of Wholesale clients is determined by s 761G(5)(6)(7) and 761GA.
Whilst interests in the unregistered MIS may also be offered to Retail clients, the issue would not require a PDS because of the exemption set out in s 1012E for small scale offerings of managed investments. Regulation 7.9.16A states that unregistered managed investment schemes are also included in this exemption.
In accordance with the above provisions, Launch will ensure that each personal offer is made to a person who is likely to be interested in the offer having regard to the matters set out in subsections: 1012E(5)(i)-(iii). In addition, it is noted that the meaning of “offer” is determined by s 1012E(12) and extends to the issuing, arranging the issue of, and selling of an interest in the Scheme. Launch will ensure compliance with that section by ensuring that personal offers are only made by the CEO.
Expression of Interest (“EOI”) must be made by completing the EOI form referred to in and attached to a copy of the current Investor IM. Applicants should ensure that they read the IM in full prior to lodging any EOI. Launch makes no guarantees that it will achieve forecasted returns stated in the IM and is not responsible for any losses sustained by its clients due to changes in financial markets, economies or government legislation. Launch can accept no responsibility for events beyond its direct control.
The Launch web site has been created for the use of Australian residents only. Any currency references located within this web site are in Australian dollars.
The content of the Launch web site is current only on the day it is placed on the web site. Launch makes no assurance that the content will be updated immediately or at all.
The material in this site is copyright and remains the property of Launch. Launch grants you permission to reproduce any material on this site for your personal use only. You must not do anything to modify or add to content of this site.
We do not guarantee that the material on the Launch web site is free from viruses or any other defects, although due care has been taken to minimise the risk.
Whilst due care has been taken in the compilation of this web site, and we believe that the information contained herein is based on reliable current relevant information, we do not guarantee the absolute accuracy of content contained on the web site and accept no liability for the integrity of source material, neither do Launch, nor its directors and officers, accept responsibility for any errors and omissions which may subsequently be found evident in the web site.
All external links located within the Launch web site are for reference only. Launch does not recommend or endorse the company, product or service associated with the external link. Launch is not responsible for the content of any site linked to our web site.
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