Land Initium Novum Pty Limited Seller ACN 600 101 004...Land Rent Non-Land Rent Lease Occupancy...

THE LAW SOCIETY OF THE AUSTRALIAN CAPITAL TERRITORY: Contract for Sale

Schedule

Land

The unexpired term of the Lease

Unit UP No. Block Section Division/District

13 4041 2 167 Harrison

and known as 13/141 Mapleton Avenue, Harrison

Seller

Full Name ACN/ABN Address

Initium Novum Pty Limited ACN 600 101 004 74 Victoria Street SUTTON NSW 2620

Seller Solicitor

Firm Ref Phone DX/Address

J.S. O’Connor Harris & Co. RH:2180237 6247 6077 Fax: 62470984 DX: 5617 Canberra /Level 6, 161 London Circuit, Canberra City ACT 2600

Stakeholder Name Fuse Property Trust Account

Seller Agent


Fuse Property Kellie O'Connor 0499 350 757 Fax: PO Box 7079 KARABAR NSW 2620

Restriction on Transfer

Nil

Land Rent Non-Land Rent Lease

Occupancy Subject to tenancy

Breach of covenant or unit articles Description- (Insert other breaches) As disclosed in the Required Documents and

Goods Description Fixed Floor Coverings, Window Treatments, Light Fittings, Clothes Dryer, Storage Shed and 2 x Carports

Date for Registration of Units Plan Not Applicable

Date for Completion Within 30 days of the date hereof

Residential Withholding Tax

New Residential Premises? Potential Residential Land? Buyer required to make a withholding payment?

No Yes No Yes No Yes

Foreign Resident Withholding Tax Relevant Price more than $750,000.00? Clearance Certificate attached for all the Sellers?

No Yes No Yes

An agent may only complete the details in this black box and exchange this contract. See page 3 for more information.

Buyer Full Name ACN/ABN Address

Buyer solicitor


Fax:

Price

Price (GST Inclusive unless otherwise specified)

Less Deposit

(10% of Price) Deposit by Instalments (clause 52 applies)

Balance

Date of This Contract

Co-Ownership Mark one (Show shares)

Joint Tenants Tenants in Common in the following shares

Read this before signing Before signing this contract you should ensure that you understand your rights and obligations. You should read the important notes on page 3. You should get advice from your solicitor.

Seller signature Buyer signature

Seller Witness name and signature Buyer Witness name and signature

Seller Disclosure Documents

The following marked documents are attached and form part of this Contract. The Buyer acknowledges that by execution of this Contract the Buyer certifies in writing that the Buyer received the marked documents prior to entering into this Contract.

Crown lease of the Land (including variations)

Current edition of the certificate of title for the crown lease

Deposited Plan for the Land

Energy Efficiency Rating Statement

Encumbrances shown on the certificate of title (excluding

any mortgage or other encumbrance to be discharged)

If there is an encumbrance not shown on the certificate of title — a statement about the encumbrance complying with the Civil Law (Sale of Residential Property) Regulations

Lease Conveyancing Inquiry Documents for the Property

Building Conveyancing Inquiry Document (except if:

- the Property is a Class A Unit

- the residence on the Property has not previously been occupied or sold as a dwelling; or

- this Contract is an “off-the-plan purchase”)

Building and Compliance Inspection Report(s) (except if section 9(2)(a)(ii) or section 9(2)(a)(iii) of the Sale of Residential Property Act applies). The inspection must have been carried out no earlier than 3 months before the Property was advertised or offered for sale, and if the Seller has obtained 2 or more reports in that period, each report.

Pest information (except if the property is a Class A Unit, or is a residence that has never been occupied): Pest Inspection Report(s). The inspection must have been carried out no earlier than 3 months before the Property was advertised or offered for sale and, if the Seller has obtained 2 or more reports in the period 6 months before advertising or offering for sale, each report.

If the Property is off-the-plan:

proposed plan

inclusions list

If the Property is a Unit where the Units Plan has registered:

Units Plan concerning the Property

current editions of the certificate of title for the Common Property

(if the unit is a Class A Unit) minutes of meetings of the Owners Corporation and executive committee for the 2 years before the Property was advertised or offered for sale

Section 119 Certificate

registered variations to the articles of the Owners Corporation

If the Property is a Unit where the Units Plan has not registered:

proposed Units Plans or sketch plan

inclusions list

the Default Rules

details of any contract the Developer intends the Owners Corporation to enter, including:

- the amount of the Buyer’s General Fund Contribution that will be used to service the contract; and

- any personal or business relationship between the Developer and another party to the contract

the Developer’s estimate, based on reasonable grounds, of the Buyer’s General Fund Contribution for 2 years after the Units Plan is registered

if a Staged Development of the Units is proposed — the proposed Development Statement and any amendment to the statement

If the Property is a Lot that is part of a Community Title Scheme:

Section 67 Statement, as first or top sheet

Community Title Master Plan

Community Title Management Statement

If the Property is a Lot that will form part of a Community Title Scheme:

proposed Community Title Master Plan or sketch plan

proposed Community Title Management Statement

GST Not applicable

Input taxed supply of residential premises

Taxable supply (including new residential premises)

GST-free supply of going concern

Margin scheme applies

Tenancy Tenancy Agreement

No written Tenancy Agreement exists

Invoices

Building and Compliance Inspection Report

Pest Inspection Report

Asbestos

Asbestos Advice

Current Asbestos Assessment Report

Tenancy Summary

Premises Expiry date

Tenant name Rent

Commencement date Rent review date

Term Rent review mechanism

Managing Agent Details for Owners Corporation or Community Title Scheme (if no managing agent, secretary)

Name Civium Strata Phone 6285 0300

Address Locked Bag 3008 WODEN ACT 2606

NRAS CONSORTIUM DEED

BETWEEN

Initium Novum Pty Ltd

AND

United Vietnamese Buddhist Congregation of Canberra & Surrounding Districts Inc.

AND

Fuse Property Pty Ltd

THIS DEED is made the day of 2018

BETWEEN:

Initium Novum Pty Limited ACN 600 101 004 of 74 Victoria Street, Sutton in the State of New South Wales. (called the"Owner")

AND:

The United Vietnamese Buddhist Congregation of Canberra & Surrounding Districts Inc. an association having its registeredaddress at 32 Archibald Street, Lyneham in the Australian Capital Territory ABN 20 648 948 015 (called "UVBCC")

AND:

Fuse Property Ltd (ACN 081 354 752) a company having its registered address at Bonsella Business Solutions, ‘Quayside’ U G10,50 Eastlake Parade, Kingston in the Australian Capital Territory (called "FUSE PROPERTY PTY LTD")

(The Owner, UVBCC and Fuse property will collectively be called the "Parties").

WHEREAS:

A. The Commonwealth of Australia has promoted a National Rental Affordability Scheme (hereafter referred to as"NRAS") via the Department of Social Services (the "Department"), in accordance with the National RentalAffordability Scheme Act 2008 (Cth) (the "Act") and the National Rental Affordability Scheme Regulations 2008 (the"Regulations").

B. UVBCC has received an Allocation under the Act for 60 residential units (the "units") in the Australian Capital Territory("ACT").

C. UVBCC has arranged for the development and construction of the units at Block 2 Section 167 in the Division ofHarrison (the "Harrison Property").

D. The Owner will be the registered proprietor of one such unit, namely unit 13 in a units plan to be registered over theHarrison Property (the "Approved Rental Dwelling").

E. The Owner wishes to participate in the NRAS.

F. Fuse wishes to manage the Approved Rental Dwelling in accordance with the NRAS.

G. In accordance with the NRAS regulatory system, the Parties have agreed to form a non-entity joint venture ("jointventure") to tenant the Approved Rental Dwelling.

H. In pursuing their joint venture, the Parties agree to be bound by the terms of this Deed.

PRELIMINARY ISSUES

1. Dictionary

1.1. The specific terms used in this Deed shall bear the meaning assigned to them in the dictionary at Schedule 1 to thisDeed.

2. TERM

2.1. Term This Deed commences on the date of this Deed.

2.2. This Deed will terminate at the end of the Incentive Period or such earlier date as is provided for in this Deed.

3. Joint Venture

3.1. As at the date hereof, the Parties agree to be bound together in an unincorporated joint venture on the terms set outherein.

3.2. The Parties acknowledge that the joint venture has been formed only for the purposes described in the terms of thisDeed and for no other purpose.

3.3. The Parties agree that the purpose and scope of the joint venture will not be varied without the prior written approvalof all parties.

3.4. This Deed does not constitute any Party as agent of the other, or imply that the Parties intended to constitute apartnership or other arrangement whereby one Party may be liable for the acts or omissions of another except asexpressly set out herein.

3.5. The liability of the Parties under this Deed will be several and not joint.

3.6. Each Party is free to conduct any other business or activity which is not subject to the terms of this Deed as it sees fitand without being accountable to the other Parties.

3.7. No Party has authority to pledge the credit of another or to incur any obligations or assume any responsibility onbehalf of any other Party.

3.8. Each Party must enter into or approve all documents or reasonable arrangements which may be necessary toimplement the proposals in this Deed.

3.9. Each Party must co-operate fully with each other Party to fulfil the terms of this Deed in accordance with all relevantNRAS rules, regulations and guidelines which are promulgated from time to time.

4. Specific NRAS Requirements

4.1. Each Party must maintain and keep all relevant records necessary to comply with the NRAS for a minimum period of5 years, including but not limited to:

a) the Allocation;

b) the Incentive received by the Owner;

c) details of the rental period for each Eligible Tenant;

d) details of the Tenant's eligibility under the NRAS; and,

e) details of those periods for which the Approved Rental Dwelling has remained vacant in each calendar year.

4.2 Each Party must comply with all obligations appropriate to that Party under the Act and Regulations together withthe terms of this Deed.

4.3 The Parties shall act with the utmost good faith in providing to each other all necessary documents, information andassistance to enable each Party to comply with its obligations under the NRAS regulatory system.

THE OWNERS RIGHTS AND DUTIES

5. Owners Rights

5.1. The Owner must receive any rent paid by the Tenant, less the fees and charges set out herein, within a reasonabletime after that rent has been paid and in accordance with its Management Agreement with Fuse Property Pty Ltd.

5.2. The Owner must receive an Incentive relating to its Approved Rental Dwelling within the time limited in theRegulations, in each relevant NRAS year.

5.3. The Owner must receive all relevant information from UVBCC and Fuse Property Pty Ltd in a timely manner, includingbut not limited to:

a) any communication from the Department which is generally relevant or specific to the Property;

b) any information regarding changes to the tenancy of the Property; and,

c) information relating to any actions which it is necessary for the Owner to take in order to comply with theResidential Tenancy Agreement or the NRAS.

5.4 The Owner must receive the benefit of an ACT Government NRAS Incentive Grant, which has been granted as a landsubsidy for the Harrison Property and is acknowledged to have given rise to a rebate of $25,370 on the purchase priceof the Approved Rental Dwelling.

5.5. The Owner may sell the Approved Rental Dwelling at any time after providing a minimum of 30 days written notice ofthat sale to the other Parties (see clauses 5.7 and 6.9).

5.6 The Owner may withdraw from the joint venture constituted by this Deed at any time after providing a minimum of 30days written notice of its intention to the other Parties; at which time the Owner is at liberty to use the dwelling in amanner inconsistent with the NRAS (see clauses 5.7 and 6.9).

5.7 If the Owner sells or withdraws the Approved Rental Dwelling from the NRAS pursuant to clauses 5.5 and 5.6 above,then the Owner shall lose any future Incentive arising from NRAS from the date that the Approved Rental Dwelling iswithdrawn from NRAS (see clause 6.9) and may, subject to the NRAS regulatory system, not be entitled to theIncentive for the NRAS year in which the Approved Rental Dwelling is withdrawn from NRAS.

5.8 The Owner may mortgage or encumber the Approved Rental Dwelling as it sees fit but always providing that any suchstep does not otherwise breach the terms of this Deed.

6. Owners Duties

6.1. The Owner must maintain its ownership of the Approved Rental Dwelling at all relevant times during the term of thisDeed, subject to its rights to terminate this Deed.

6.2. The Owner must enter into and comply with its obligations under the Residential Tenancies Agreement and meet allexpenses and do all things necessary to keep the Approved Rental Dwelling in a fit and proper state for tenancy at allrelevant times during the term of this Deed.

6.3. The Owner must appoint Fuse Property Pty Ltd as its exclusive agent to lease and manage the Approved RentalDwelling in accordance with the terms of this Deed.

6.4. The Owner must tenant the Approved Rental Dwelling with Eligible Tenants upon the recommendation of Fuse.

6.5. The Owner must ensure that the Approved Rental Dwelling complies with all relevant legislative requirements at allrelevant times, including the Act, the Regulations, the landlord, tenancy, real property, building and health and safetylaws.

6.6. The Owner must insure the Approved Rental Dwelling for a proper amount at all relevant times and pay the insurancepremiums on or before their due date.

6.7. The Owner must comply with all proper obligations imposed upon it by the body corporate of the units plan in whichthe Approved Rental Dwelling is situated including paying all body corporate levies on or before their due date.

6.8 The Owner must pay all periodic outgoings relating to the Approved Rental Dwelling including rates, land tax and anyother necessary service charges on or before their due date.

6.9. If the Owner sells or withdraws the Approved Rental Dwelling or this deed is terminated prior to the end of the termof this Deed then:

a) the Owner shall not be eligible for any future Incentive and may, subject to the NRAS regulatory system, not beentitled to the Incentive for the NRAS year in which the Approved Rental Dwelling is withdrawn from NRAS; and

b) the Owner must repay to the ACT Government a pro-rata proportion of the ACT Government NRAS Incentive Grantcalculated as follows:

R = G x (10- H) / 10

R = amount the Owner must repay the ACT Government

G = amount of the ACT Government NRAS Incentive Grant

H = period the Owner holds the Approved Rental Dwelling

The mechanism for repayment of the ACT Government rebate may take the form of a deed (or of some other appropriate legalinstrument) between the Owner and the ACT Government.

6.10 Clause 6.9(b) does not apply where:

a) the Owner has held the Approved Rental Dwelling for 10 years or more; or

b) the Owner sells the Approved Rental Dwelling to a purchaser (Purchaser) who agrees to be a party to this Deed,maintain the property as an Approved Rental Dwelling and perform all the obligations of the Owner under this Deedincluding paying any amount to the ACT Government that remains outstanding under clause 6.9(b) if the Purchaserelects to sell the Approved Rental Dwelling and this clause 6.10 does not apply to the sale.

6.11 The Owner must:

a) provide all reasonable assistance to the other Parties and also with any relevant government agencies in the conductof any reviews, audits or other enquiries arising from the NRAS and relating to any aspect of the matters dealt with inthis Deed; and

b) provide all information and assistance reasonably necessary to enable the other Parties to comply with theirobligations under the NRAS.

UVBCC RIGHTS AND DUTIES

7. UVBCC's Rights

7.1. Rights UVBCC must receive the payment of its fee in the amount of 3% inc GST of the rent paid for the Approved RentalDwelling, which will be payable whenever the Approved Rental Dwelling is tenanted and deducted from the rent paidby the Tenant Approved Rental Dwelling and remitted to UVBCC directly by Fuse on a monthly basis.

7.2. UVBCC must receive a report from Fuse Property Pty Ltd no later than 14 days after the end of each calendar monthwhich sets out any changes to the tenancy of the Approved Rental Dwelling and the amount of rent received for theprevious period.

7.3. UVBCC must receive from Fuse Property Pty Ltd , no later than 30 April in each relevant NRAS year, confirmation thatthe tenancy arrangements have been complied with for the previous 12 months as required under section 10 of thisdeed and any other such information in the possession of Fuse Property Pty Ltd that may be required for UVBCC toissue a Statement of Compliance in accordance with the Regulations and the Department's guidelines current at eachrelevant date.

7.4. UVBCC must be advised by both the Owner and Fuse Property Pty Ltd of any significant change in the circumstances ofthe Approved Rental Dwelling, the Tenant or any other aspect of the arrangements established by this Deed which

effects the compliance of the joint venture with the NRAS regulatory system and the Department guidelines.

7.5. UVBCC reserves the right at any time to alter the form of the Incentive from a cash payment to a refundable tax offset(where a refundable tax offset is a tax free incentive) subject to:

a) providing written notice to the Owner; and

b) obtaining any necessary approval from the Department.

8. UVBCC's Duties

8.1. UVBCC shall maintain its status as an Endorsed charitable institution for the duration of the terms of this Deed.

8.2 UVBCC must obtain and hold the Allocation relating to the Approved Rental Dwelling for the duration of the term ofthis Deed.

8.3 Prior to the first letting of the Approved Rental Dwelling, UVBCC must obtain from Fuse Property Pty Ltd a MarketRent Valuation for the Approved Rental Dwelling and lodge the Market Rent Valuation with the Department within 30days of the valuation being due in accordance with the Regulations (see clause 10.5).

8.4. UVBCC must maintain communication with the Department during the term of this Deed and promptly respond toany requests for information, changed terms to the NRAS, requirement to communicate information to the otherParties or any other circumstance which is necessary to achieve NRAS compliance by the Parties.

8.45 UVBCC must, on or before 13 May in each relevant NRAS year, obtain from Fuse Property Pty Ltd confirmation thatthe tenancy arrangements have been complied with for the previous 12 months as required under section 10 of thisdeed and any other such information in the possession of Fuse Property Pty Ltd that may be required for UVBCC toissue a Statement of Compliance and lodge with the Department a Statement of Compliance relating to the ApprovedRental Dwelling for the twelve month period ending 30 April each year.

8.5 UVBCC must, as soon as reasonably possible in each relevant year, provide to the Owner the Incentive relating to theApproved Rental Dwelling which it obtains from the Department.

8.7 UVBCC shall do all things necessary to coordinate the Parties and ensure compliance by all Parties with theirobligations under this Deed and the NRAS regulatory system.

Fuse’s RIGHTS AND DUTIES

9. FUSE PROPERTY PTY LTD RIGHTS

9.1. Fuse’s Rights - Fuse is hereby appointed as exclusive agent by the Owner for the term of this Deed (unless terminatedearlier in accordance with the terms of this Deed) to tenant and manage the Approved Rental Dwelling in accordancewith the Management Agreement and Residential Tenancy Agreement, the terms of which are incorporated into thisDeed and the current version of which is annexed hereto.

9.2. Fuse must receive the payment of its fee in the amount of 6% Inc GST of the rent paid for the Approved RentalDwelling, which will be payable whenever the Approved Rental Dwelling is tenanted and deducted from the rent paidby the Tenant.

9.3. Fuse will be entitled to receive all other fees and charges payable by the Owner under the Management Agreement.

9.4 Fuse must receive the full cooperation of the other Parties to tenant the Approved Rental Dwelling in a manner whichis fully compliant with the NRAS regulatory system and which includes the acceptance of any reasonablerecommendation communicated to the other Parties in writing by Fuse.

10. FUSE’S DUTIES

10.1. Fuse’s Duties - Fuse must undertake the real estate management services relating to the Approved Rental Dwelling asset out in the Management Agreement diligently and competently and in accordance with the NRAS regulatorysystem.

10.2. Fuse must ensure that each Tenant of the Approved Rental Dwelling is an Eligible Tenant in accordance with theRegulations by, among other things, verifying the Tenant's Household income using:

a) copies of payslips; and/or

b) notices of assessment for annual tax returns; and/or

c) letters from employees; and/or

d) statements from superannuation funds; and/or

e) any other objective financial document which is appropriate.

10.3. Fuse must ensure that the rent paid by the Tenant for the Approved Rental Dwelling from time to time does notexceed 80% of the most recent Market Rent Valuation.

10.4. Fuse must conduct annual rental reviews on or about the anniversary of entering into a Residential TenancyAgreement in relation to the Approved Rental Dwelling to:

b) determine whether the Tenant remains an Eligible Tenant in accordance with the Regulations; and

c) recommend any necessary adjustment to the rent being paid by the Tenant in accordance with the Regulations.

10.5. Fuse must immediately before the Approved Rental Dwelling is rented for the first time and at the end of the fourthand seventh year of the Incentive Period as directed by the Regulations prepare a Market Rent Valuation for theApproved Rental Dwelling (which is fully in accordance with the NRAS regulatory system) and provide a copy of thatdocument to the other Parties in a timely manner so UVBCC can satisfy its obligations under the Regulations (seeclause 8.3).

10.6. Fuse Property Pty Ltd must maintain all necessary management records relating to the Approved Rental Dwelling inaccordance with the NRAS regulatory system.

10.7. Fuse Property Pty Ltd must provide to UVBCC, before 13 May in each relevant NRAS year, confirmation that the

tenancy arrangements have complied with the NRAS requirements in that the tenant is and continues to be suitabilityeligible under the NRAS scheme and that rent has not exceeded 80% of the market rate and any other informationthat Fuse Property Pty Ltd may be in possession of that UVBCC requires relating to the Approved Rental Dwelling forthe twelve month period ending 30 April each year.

10.8. Noting the requirements of NRAS, Fuse Property Pty Ltd will do all things reasonably within its power to ensure thatthe Approved Rental Dwelling does not remain untenanted for a period exceeding 13 weeks in any NRAS year.

10.9. Fuse Property Pty Ltd must comply with all reasonable instructions by the owner however any instruction by theOwner which causes any Party to breach the terms of this Deed shall be an event of default pursuant to which theOwner shall be solely liable for any damages which flow to any Party.

10.10 Fuse Property Pty Ltd must:

a) provide all reasonable assistance to the other Parties and also with any relevant government agencies in theconduct of any reviews, audits or other enquiries arising from the NRAS and relating to any aspect of the mattersdealt with in this Deed; and

b) provide all information and assistance reasonably necessary to enable the other Parties to comply with theirobligations under the NRAS.

10.11 Fuse Property Pty Ltd must ensure that the Approved Rental Dwelling is marketed and advertised in accordance withthe NRAS regulatory system.

MISCELLANEOUS

11. Representations and Warranties

11.1. Each Party represents and warrants that:

a) (where the Party is a company) it is incorporated in accordance with the laws of its place of incorporation, validlyexists under those laws and has the capacity to sue in its own name and to own property and conduct its business as itis being conducted;

b) this Deed is valid, binding and enforceable by each Party in accordance with its terms and is not void or voidable;

c) it has taken all necessary action to authorise the unconditional execution and delivery of, and the compliance withits obligations under this Deed;

d) each authorisation necessary to enable it to unconditionally execute and deliver and comply with its obligationunder this Deed has been obtained, effected, and complied with;

e) the unconditional execution and delivery of, and compliance with its obligations under, this Deed does notcontravene its constitution or any law applying to it; and,

f) no event has occurred or, to the knowledge of the Party, is likely to occur which might lead to any material adversechange in its capacity to comply with the terms of this Deed.

11.2. The Owner agrees that:

a) neither UVBCC nor Fuse has:

A. provided, or will provide during the term of this Deed, financial advice of any kind to the Owner;

B. given any warranty or made any representation regarding:

i. whether the Owner is or will be eligible to receive an Incentive or any other Incentive under anyother scheme administered by a government agency;

ii. the amount of any Incentive which the Owner may receive; and

b) despite anything else in this agreement, the Owner retains the risk in the Approved Rental Dwelling.

11.3. The Agent represents and warrants that it is an approved property manager for the purposes of the Scheme.

11.4. The Owner agrees that, except for UVBCC's obligation to deliver the NRAS Incentive to the Owner, the Owner is solelyresponsible for claiming any Incentive which is referrable to the Allocation and releases UVBCC and Fuse from all Lossarising out of or in connection with:

a) the Owner being ineligible to receive the Incentive;

b) the Owner not receiving the Incentive; or

c) a reduction in the Incentive amount, except to the extent the Loss arises due to the negligent act or omission orwilful default of UVBCC.

11.5. The Owner agrees that, except for Fuse’s obligation to deliver confirmation of continued NRAS Compliance to UVBCC,the Owner is solely responsible for claiming any Incentive which is referrable to the Allocation and releases Fuse fromall Loss arising out of or in connection with:

a) the Owner being ineligible to receive the Incentive;

b) the Owner not receiving the Incentive; or

d) a reduction in the Incentive amount, except to the extent the Loss arises due to the negligent act or omission orwilful default of Fuse.

12. Supervening legislation

12.1. Any present or future legislation that operates:

a) to lessen or vary any Party's obligations in connection with this Deed; or

b) to postpone, stay, suspend or curtail any Party's rights under this Deed, is excluded except to the extent that itsexclusion is prohibited or rendered ineffective by law.

12.2. Any present or future legislation that changes the NRAS shall promptly be complied with by the Parties where possibleand the Parties agree to negotiate in good faith to vary the terms of this Deed in order to preserve their present rightsas far as possible.

13. Governing Law and Jurisdiction

13.1. The proper law of this Agreement shall be the law of the Australian Capital Territory and the Parties submit to thejurisdiction of Courts and Tribunals sitting in the Australian Capital Territory and, on appeal, any Courts and Tribunalshearing appeals therefrom.

14. Entire Agreement

14.1. To the extent permitted by law, in relation to its subject matter, the Deed:

a) embodies the entire understanding of the Parties, and constitutes the entire terms agreed by the Parties; and,

b) supersede any prior written or agreement of the Parties.

15. No representation by or reliance

15.1. Each Party acknowledges that: a) it has relied on its own enquiries as to the nature and extent of the entirerelationship between each of the Parties and the nature and effect of this Deed; and b) it does not enter into this Deedin reliance on any representation, promise, statement, conduct or inducement by or on behalf of any Party except forthe inducements set out herein.

16. Termination

16.1. This Deed will terminate on the earlier of:

a) the end of the Incentive Period;

b) the date mutually agreed in writing by the Parties;

c) the Owner withdrawing the Approved Rental Dwelling from the NRAS in accordance with the terms of this Deed or

selling the Approved Rental Dwelling (unless the purchase maintains the property as an Approved Rental Dwelling andperform all the obligations of the Owner under this Deed); or

d) any other circumstance set out in this Deed.

16.2. Termination of this Deed will not prejudice any accrued rights or liabilities of a Party.

16.3. Clauses 4.1, 6.9, 6.11, 8.4, 8.5, 8.6, and 19 will survive the termination of this Deed and will be enforceable atany time at law and in equity and will ensure to the benefit of and be enforceable by the Parties and their successorsand assigns and be binding on each Party and its or their successors and assigns.

17. Default

17.1. If a Party (the “affected Party") becomes unable, wholly or in part, by force majeure to carry out an obligation placedon it under this Deed:

a) the affected Party must give to the other Parties prompt written notice of:

i) reasonable particulars of the force majeure; and

ii) so far as known, the probable extent to which the affected Party will be unable to perform or be delayed inperforming its obligation;

b) the relevant obligation, so far as it is affected by the force majeure, will be suspended during but no longer thanthe continuance of the force majeure;

c) the affected Party must use all possible diligence to overcome or remove the force majeure as quickly as possible.

17.2. A Party will be in default under this agreement if:

a) that Party transfers or assigns any of its rights under this Deed except in accordance with this Deed;

b) that Party continues to breach any obligation under this Deed for seven (7) days after receiving notice fromanother Party of that breach;

c) that Party repeats a breach after having received written notice from another Party warning that repetition of thebreach will, or is likely to, result in the other Party regarding that Party as being in default of its obligations under thisDeed;

d) an order is made for the winding up or dissolution of the Party;

e) a receiver or receiver manager, official manager, trustee provisional liquidator or similar officer is appointed for

all or any part of the assets or undertaking of that Party;

f) that Party enters into, or resolves to enter into, an arrangement, composition or compromise with, or assignmentfor, the benefit of its creditors generally, or any class of creditors or proceedings are commenced to sanction such anarrangement, composition or compromise;

g) that Party stops payment of or is unable to pay its debts within the meaning of s.461 or s.464 of the CorporationsAct;

h) that Party ceases to carry on business; or

I) that Party becomes bankrupt or unable to pay its debts or suspends payment of its debts within the meaning of theBankruptcy Act (Cth).

17.3. If a Party has to, or elects to, make a payment to any other Party or a third party as a result of another Party notperforming an obligation under this agreement, then that payment will be treated as a debt which is due and payable.

17.4. If a Party is in default of its obligations under this Deed (the “defaulting Party"), then another Party may give:

a) a notice in writing setting out the default (“default notice") to the defaulting Party; and

b) must give a copy of the default notice to any other party.

17.5. If a defaulting Party fails to remedy the default within 14 days of the default notice (or any further time provided inthat notice), the non-defaulting party may terminate this Deed and claim any damages arising from the termination.

17.6. If the defaulting Party:

a) is Fuse; and

b) has not remedied the relevant default within the time prescribed by clause 17.5, then:

c) UVBCC may give notice to Fuse (copied to the Owner) that it requires Fuse Property Pty Ltd to remedy the relevantdefault within a further reasonable time having regard to the nature of the default, in which case Fuse Property PtyLtd must remedy that default; or

d) UVBCC may give a notice to the Owner and Fuse that UVBCC will appoint a replacement agent approved by theOwner (acting reasonably) in which case:

A. notwithstanding anything contained in the Management Agreement, the Management Agreement willterminate and Fuse Property Pty Ltd will have no claim against the Owner;

B. the replacement agent must execute an agreement with UVBCC and the Owner on the same terms as thisDeed but substituting the replacement agent for the Fuse;

C. Fuse must do everything necessary to assist UVBCC and the Owner to appoint a replacement agentincluding providing all necessary documents and things in its possession or control to the replacement agentor UVBCC; and

D. upon satisfaction of clauses 17.6(d)(B) and 17.6(d)(C), this Deed will terminate; or E. if UBBCC does not givea notice under clauses 17.6(c) and 17.6(d) within 14 days after Fuse has not remedied its default within thetime prescribed by clause 17.5 or Fuse has not remedied its default in accordance with clause 17.6(c), then anynon-defaulting Party may terminate this Deed by notice in writing to the other Parties.

18. Notices

18.1. A notice, approval, consent or other communication:

a) may be given by an Authorised Officer of the relevant Party; and must be in writing; and,

b) must be left at the address of the addressee or sent by prepaid ordinary post (airmail if posted to or from a placeoutside Australia) to the address of the addressee or sent by facsimile to the facsimile number of the addresseewhich is specified at the commencement of this document, or if the addressee notifies another address, emailaddress or facsimile number then to that address, email address or facsimile number. Unless a later time isspecified in it a notice, approval, consent or other communication takes effect from the time it is received.

18.2. A letter, email or facsimile is taken to be received:

a) in the case of a posted letter, on the fourth (tenth, if posted to or from a place outside Australia) working day afterposting; and,

b) in the case of a facsimile, on production of a transmission report by the machine from which the facsimile was sentin its entirety to the facsimile number of the recipient notified for the purpose of this clause.

c) In the case of email, when the recipient acknowledges receipt via either explicitly or through an automated readreceipt process.

19. Dispute Resolution

19.1. A Party will not start arbitration or court proceedings (except proceedings seeking interlocutory relief) in respect of adispute arising out of this Deed ('dispute') unless it has complied with this clause.

19.2. A Party claiming that a dispute has arisen must notify the other Parties, giving details of the dispute.

19.3. During the 21 day period after a notice is given under cl. 17(2) (or longer period agreed in writing by the Parties to thedispute) ('initial period') each Party to the dispute ('disputant') must use its best efforts to resolve the dispute.

19.4. If the disputants are unable to resolve the dispute within the initial period, each disputant agrees that the disputemust be referred for mediation in accordance with the Mediation Rules of the Law Society of New South Wales, at therequest of any disputant, to:

a) a mediator agreed on by the disputants; or

b) if the disputants are unable to agree on a mediator within seven (7) days after the end of the initial period, amediator nominated by the then current chairman of LEADR or the chairman's nominee.

19.5. The role of any mediator is to assist in negotiating a resolution of the dispute. A mediator may not make a decision thatis binding on a disputant unless that disputant has so agreed in writing.

19.6. Any information or documents disclosed by a disputant under this clause:

a) must be kept confidential; and

b) may not be used except to attempt to resolve the dispute.

19.7. Each disputant must bear its own costs of complying with this clause and the disputants must bear equally the costs ofany mediator engaged.

19.8. After the initial period, a disputant that has complied with clauses 19.1, 19.2, 19.3 and 19.4 may terminate the disputeresolution process by giving notice to each other disputant.

19.9. If in relation to a dispute a disputant breaches any provision of clauses 19.1 to 19.6, each other disputant need notcomply with clauses 19.1 to 19.6 in relation to that dispute.

20. GST

20.1. GST In addition to any other consideration, the receipt of a Taxable Supply made under or in connection with this Deed(Recipient) must pay to the Party making the Taxable Supply (Supplier) the amount of GST in respect of the TaxableSupply. This subclause does not apply if the consideration specified for the Taxable Supply is expressly agreed to beGST inclusive.

20.2. If the amount paid by the Recipient to the Supplier in respect of GST (whether because of an Adjustment or otherwise):

a) is more than the GST on the Taxable Supply, that the Supplier shall refund the excess to the Recipient; or

b) is less than the GST on the Taxable Supply, then the recipient shall pay the deficiency to the Supplier.

20.3. The Recipient is not obliged to pay any amount in respect of GST to the Supplier issues a Tax Invoice to the Recipient inrespect to the Taxable Supply. If an Adjustment has occurred, the Supplier must issue an Adjustment Note to theRecipient.

20.4. The amount of a Party's entitlement under this Deed to recovery or compensation for any of its costs, expenses orliabilities is reduced by the Input Tax Credits to which that Party is entitled in respect of such costs, expenses orliabilities.

20.5. In this Deed, amounts which are calculated by reference to revenue or profits are calculated on the GST-exclusivecomponent of that revenue or those profits unless expressly provided to the contrary.

20.6. For the purposes of this clause:

a) GST Law has the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999 (Cth);

b) Adjustment, Adjustment Note, GST, Input Tax Credits and Tax Invoice have the meanings given to them in GST Law;and,

c) Taxable Supply has the meaning given to it in the GST Law, excluding section 84-5 of A New Tax System (Goods andServices Tax) Act 1999 (Cth).

21. Assignment

21.1. A Party must not:

a) transfer, assign or otherwise dispose of its rights under this Deed (including by creating or allowing to be created atrust over any of them); or

b) create or allow to come into existence any Encumbrance over this agreement or the Joint Venture, unless the Party:

c) obtains the prior written consent of each other Participant (whose consent will not be unreasonably withheld ordelayed); and

d) in the case of a transfer, assignment, or disposal under clause 21.1(a), procures the transferee, assignee, or disponee(Recipient) to enter into an agreement with the continuing Party's on the same terms as this Deed but substituting theRecipient for the outgoing Party.

22. Costs

22.1. Except as expressly provided elsewhere in this agreement, the Parties agree that each Party will bear its own legal andother costs associated with: a) the preparation and execution of this Deed; b) its participation in the joint venture; andc) performing its obligations under this Deed and any Residential Tenancy Agreement or Management Agreement towhich it is a party.

23. Counterparts

23.1. This Deed may be executed in any number of counterparts. Each counterpart is an original but the counterpartstogether are one and the same agreement.

24. Execution by Attorney

24.1. If an attorney executed this document, the attorney declares that the attorney has no notice of revocation, terminationor suspension of the power of attorney under which the attorney executes this Deed.

EXECUTED AS A DEED on the date first hereinbefore mentioned.

EXECUTED by Initium Novum Pty Ltd by its directors Bryan Spencer Leeming and Denise Alison Leeming pursuant to s127 of theCorporations Act 2001

Director Signature Director Signature

Name of Director Name of Director

Bryan Leeming Denise Leeming

EXECUTED by THE UNITED VIETNAMESE BUDDHIST CONGREGATION OF CANBERRA AND SURROUNDING DISTRICTS by itsdirectors in accordance with s127 of the Corporations Act

Director Signature Director/Secretary Signature

Name of Director Name of Director/Secretary

EXECUTED by FUSE PROPERTY LTD (ACN 624 442 173) by its director in accordance with s127 of the corporations Act

Director Signature Director/Secretary Signature

Name of Director Name of Director/Secretary

Kellie O’Connor

SCHEDULE 1

DICTIONARY

Act - means the National Rental Affordability Scheme Act 2008.

ACT - means the Australian Capital Territory

ACT Government NRAS Incentive Grant - means the amount stated at clause 5.4 representing the subsidy in the sale price ofthe Property.

Allocation – means in relation to an Incentive Period, means an allocation to an Approved Participant of an entitlement to receivean incentive for an Approved Rental Dwelling in relation to an NRAS year that falls within the Incentive Period if conditions aresatisfied in relation to the Approved Rental Dwelling.

Approved Participant – means a person or entity approved under Regulation 14 or 21 of the National Rental AffordabilityScheme Regulations 2008.

Approved Rental Dwelling – means a Rental Dwelling approved under regulation 14 or 20 of the Regulations to which the NRASapplies and the Rental Dwelling which is the subject of this Deed.

Department - means the Department of Social Services, or any other Government agency administering NRAS.

Eligible Tenant - has the meaning given by regulation 19 of the Regulations (see clause 6.4).

Endorsed charitable institution – means an entity that is endorsed as exempt from income tax by the Commissioner of Taxationunder section 50-105 of the Income Tax Assessment Act 1997.

Household - means for NRAS purposes, a household is considered to include all persons ordinarily residing in the dwelling. TheDepartment therefore requires all persons who ordinarily reside in the Approved Rental Dwelling to have their income includedas a member of the one household, in accordance with the income limits.

Incentive - means the incentive for the Owner offered under the Act and Regulations which as at the date of this Deed takes theform of a cash payment (subject to change in accordance with clause 7.5).

Incentive period – means a 10 year period that starts on the date the Approved Rental Dwelling is first available for rent.

Fuse - means Fuse Property Pty Ltd or any other agent appointed to manage the Approved Rental Dwelling in accordance withthe terms of this Deed.

Management Agreement – means the management agreement between the Owner and Fuse to manage the Approved RentalDwelling, a copy of which is attached to this Deed.

Market Rent Valuation - means a calculation of the Market value rent by a valuer registered in the ACT with an appropriateprofessional organisation who has no commercial relationship with any Party to this Deed and which is done entirely in accordancewith the Regulations.

Market value rent - has the meaning given by regulation 18 of the Regulations.

NRAS -- means the National Rental Affordability Scheme, as enacted by the Act.

NRAS regulatory system - means the Act, the Regulations, Department guidelines and any such other guidelines or legislativeinstruments associated the application of NRAS.

NRAS year - means the period beginning 1 May and ending on 30 April.

Regulations – means the National Rental Affordability Scheme Regulations 2008

Rental Dwelling - means a dwelling for which rent is payable and includes:

(a) a part of the dwelling or building that is capable of being lived in as a separate residence; and

(b) a unit that is a dwelling; but does not include a caravan, houseboat, another kind of mobile dwelling or any dwellingprescribed by the regulations not to be a rental dwelling for the purposes of this definition. A dwelling is not a rental dwellingfor the purposes of the scheme if landlord, tenancy, building and health and safety laws of the State or Territory and localgovernment area in which the dwelling is located do not apply to it.

Residential Tenancy Agreement - means the legally compliant tenancy agreement recommended from time to time by Fuse forthe leasing of the Approved Rental Dwelling to an Eligible Tenant under NRAS.

Secretary - means the Secretary of the Department.

Statement of Compliance - means the annual statement of compliance with the Scheme's requirements, which is required foreach Approved Rental Dwelling for the NRAS year must be lodged by the person or entity who is the Approved Participant at theend of the NRAS year by the following 13 May (or, for retrospective allocations where this is not possible, as soon as practicableafter the allocation is made. (see clause 7.3)

Tenant - means the tenant of the Approved Rental Dwelling as changed from time to time.

Working Day – means a day that is not:

a) A Saturday or Sunday, or

b) A public holiday or a bank holiday in the place to which the letter was addressed.

Volume 2146 Folio 63 Edition 3

AUSTRALIAN CAPITAL TERRITORY

TITLE SEARCH

LANDHarrison Section 167 Block 2 on Deposited Plan 11199 with 60 units on Unit Plan Unit Plan 4041

Unit 13 (Class A) entitlement 183 of 10000, 6 subsidiaries

Lease commenced on 19/08/2014, terminating on 13/05/2113

Sole Proprietor

Initium Novum Pty Limited

of 31 Kubbadang Street Ngunnawal ACT 2913

REGISTERED ENCUMBRANCES AND INTERESTS

Original title is Volume N/A Folio N/A

Purpose Clause: Refer Units Plan

Registered Date Dealing Number Description

23/06/2015 1977204 Mortgage to Westpac Banking Corporation

End of interests

Product Title Details

Date/Time 23/10/2018 10:05AM

Customer Reference RH:2180237

Order ID 20181023000292

Cost $30.00

Page 1 of 1 Searched by Mitchell.Mee at 10:05:28 on 23/10/2018

This data (excluding administrative interests) is certified correct by the Registrar-General at 10:05:28 on 23/10/2018

Unregistered dealings have not been formally recorded in the register.

/planSearch?action=Search&plan=11199


/order/dealingImageSearch/1977204

Volume 2146 Folio 50 Edition 1

AUSTRALIAN CAPITAL TERRITORY

TITLE SEARCH

LANDHarrison Section 167 Block 2 on Deposited Plan 11199 with 60 units on Unit Plan Unit Plan 4041

Lease commenced on 19/08/2014, terminating on 13/05/2113

Common Property

The Owners-Units Plan No 4041

of The Proprietors of Units Plan 4041 Civium Strata Locked Bag 3008 Woden ACT 2606

REGISTERED ENCUMBRANCES AND INTERESTS

Original title is Volume N/A Folio N/A

Purpose Clause: Refer Units Plan

Registered Date Dealing Number Description

19/08/2014 1932106 Application to Register Units Plan - Volume and Folio of Determined CrownLease:2138/17

10/12/2014 1946690 Application to Note Special Resolution

24/05/2017 2091875 Change of Address

17/08/2017 2091876 Production - Safe Custody

End of interests

ADMINISTRATIVE INTERESTS

(This information is not guaranteed)

ACT Planning and Land Authority (ACTPLA) - For further information concerning the following administrativeinterests, please contact ACTPLA on (02) 6207 1923. ACTPLA administrative interests information has been providedto the Registrar-General since 1 February 2010.

ReferenceNumber

Type Lodgement Date AssessmentTrack

Status Status Date

124828005 DevelopmentApplication

27/03/2013 MERIT TRACK -MAJORNOTIFICATION

APPROVALCONDITIONAL

18/09/2013

DescriptionMULTI DWELLING-60 UNIT DEVELOPMENT. Construction of 36 terrace dwellings and 24 apartments includingsurface parking and associated landscaping.

Product Title Details

Date/Time 23/10/2018 10:09AM

Customer Reference RH:2180237

Order ID 20181023000305

Cost $30.00

Page 1 of 1 Searched by Mitchell.Mee at 10:09:44 on 23/10/2018

This data (excluding administrative interests) is certified correct by the Registrar-General at 10:09:44 on 23/10/2018

Unregistered dealings have not been formally recorded in the register.







CUSTOMER SERVICE CENTRE DAME PATTIE MENZIES HOUSE

16 CHALLIS STREET DICKSON ACT 2602

PHONE: 62071923

Your response is sought to the following questions in relation to:

Please provide details of the land you are enquiring about.

Block Section Suburb

LAND:

Leased by the Australian Capital Territory on behalf of the Commonwealth under the Land (Planning andEnvironment) Act 1991 and Planning & Development Act 2007

1. Have any notices been issued relating to the Crown Lease?

2. Is the Lessor aware of any notice of a breach of the Crown Lease?

3. Has a Certificate of Compliance been issued?

Certificate Number: 74770 Dated: 11-AUG-14

4. Has an application for Subdivision been received under the Unit Titles Act? (see report)

5. Has the Property been nominated for provisional registration, provisionally registered (see report) or registered in accordance with provisions of the Heritage Act 2004?

6. If an application has been determined, is the land subject to a Preliminary Assessment, an (see report) Assessment or an Enquiry under Party IV of the Land Act 1991, or an Environmental Impact Statement under Chapter 8 of the Planning & Development Act 2007?

7. Has a development application been received, or approval granted for development under the (see report) Land Act 1991, or the Planning & Development Act 2007 in respect of the Land?

8. Has an application been received or approved for Dual Occupancy? (applications lodged prior (see report) to 2 April 1992 will not be included)

9. Has an Order been made in respect of the Land pursuant to Section 254, 254A, 255 and 256 (see report) of the Land Act 1991 or Part 11.3 of the Planning & Development Act 2007?

10 Contaminated Land Search - Is there information recorded by Environment ACT regarding the (see report) contamination status of the land?

No Yes

( ) ( )

( ) ( )

( ) ( )

Customer Service Centre

Date: 23-OCT-18 10:21:13

X

X

X

Mee, Mitchell

[email protected]

2180237 - Initium Novum Pty Limited

Applicant's Name :

E-mail Address :

Client Reference :

(N/A ex-Government House)

13 2 167 HARRISON

LEASE CONVEYANCING ENQUIRY

Unit

Did you know? Lease Conveyancing enquiries can be lodgedelectronically at www.canberraconnect.act.gov.au

For further information, please contact the Lease Conveyancing Officer on 62071923

Dame Pattie Menzies Building 16 Challis StreetDickson, ACT 2602

23-OCT-2018 10:21 PLANNING AND LEASE MANAGER (PaLM)LEASE CONVEYANCING ENQUIRY REPORT

Page 1 of 5

INFORMATION ABOUT THE PROPERTY

HARRISON Section 167/Block 2/Unit 13

Area(m2): 11,840.8Unimproved Value: $3,000,000 Year: 2018

Subdivision Status: Application received under the Unit Titles Act.

Heritage Status: Nil.

Assessment Status: The Land is not subject to a Preliminary Assessment, an Assessment or an Enquiry under Part IV ofthe Act concerning the Land.

Building Class: A



Page 2 of 5

DEVELOPMENT APPLICATIONS ON THE PROPERTY (SINCE APRIL 1992)

Application 201323387 Lodged 27-MAR-13 Type See Subclass

-- Application Details -------------------------------------

DescriptionMULTI DWELLING-60 UNIT DEVELOPMENT. Construction of 36 terrace dwellings and 24 apartmentsincluding surface parking and associated landscaping.

-- Site Details --------------------------------------------

Gungahlin Harrison 167 2-2

-- Involved Parties ---------------------------Role LesseeApplicantRepresentor

Land Development AgencyVillage Design Pty LtdJeff Yates

-- Activities ---------------------------------Activity NameMerit Track Approval Conditional

Status

District Division Section Block(s) Unit

Name

DA



Page 3 of 5

Application 201018710 Lodged 09-SEP-10 Type See Subclass

-- Application Details -------------------------------------

DescriptionESTATE DEVELOPMENT PLAN-FLEMINGTON ROAD CORRIDOR ESTATE-STAGE 2A. EstateDevelopment Plan to create 14 development blocks to accommodate multi unit residential; commercial; localcentre; and community facility development.

-- Site Details --------------------------------------------

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Gungahlin

Harrison

Harrison

Harrison

Harrison

Harrison

Harrison

Harrison

Harrison

Harrison

Franklin

Franklin

Franklin

Franklin

Franklin

Franklin

Franklin

Franklin

Franklin

Franklin

Franklin

Franklin

Franklin

Franklin

Franklin

95

95

129

129

129

138

139

140

167

2

2

2

31

31

32

32

33

33

47

47

47

122

123

124

1-1

2-2

1-1

2-2

3-3

1-1

1-1

1-1

1-2

19-19

20-20

21-21

1-1

2-3

1-1

2-3

1-1

2-2

3-3

4-4

5-7

1-2

1-3

1-3

-- Involved Parties ---------------------------Role

District Division Section Block(s) Unit

Name

DA



Page 4 of 5

Application 201018710 Lodged 09-SEP-10 Type See Subclass

LesseeApplicantRepresentorRepresentorRepresentor

Land Development AgencyLand Development AgencyDavid HughesKhoi PhamJeff Cates

-- Activities ---------------------------------Activity NameMerit Track Approval Conditional

Status

DEVELOPMENT APPLICATIONS ON THE ADJACENT PROPERTIES (LAST 2 YEARS ONLY)

DA

The information on development applications on adjacent blocks is to assist purchasers to be aware of possible nearby developmentactivity. Please note however, it doesn't cover all development activity. Since the introduction of the Planning and Development Act2007, a significant range of development activity can be undertaken without development approval. Exempt activities include but arenot limited to, new residences, additions to residences, certain sheds, carports and pergolas etc. Information on exemptdevelopments can be found at http://www.planning.act.gov.au/topics/design_build/da_assessment/exempt_work

To check the current land use policy in the suburb that you are buying a property in, please check the TerritoryPlan online at http://www.legislation.act.gov.au/ni/2008-27/current/default.asp

Information is not recorded by the Environment Protection Authority regarding the contamination status of theland. However, this does not absolutely rule out the possibility of contamination and should not be interpreted as awarranty that there is no contamination. To be completely sure, independent tests should be arranged.

CONTAMINATED LAND SEARCH

LAND USE POLICIES

ACT Government records indicate that asbestos (loose fill or otherwise) is not present on this land. However, theaccuracy of this information is not guaranteed. If the property was built prior to 1 January 2004, you should makeyour own enquiries and obtain reports (from a licensed Asbestos Assessor) in relation to the presence of loose-fillasbestos insulation (and other forms of asbestos e.g. bonded asbestos) on the premises.

ASBESTOS SEARCH

CAT CONTAINMENT AREAS



Page 5 of 5

---- END OF REPORT ----

Residents within cat containment areas are required to keep their cats confined to their premises at all times. TheACT Government pursuant to Section 81 of the Domestic Animals Act 2000, has declared the following areas to becat containment areas: BONNER, COOMBS, CRACE, DENMAN PROSPECT, FORDE, JACKA (from 1 January2017) LAWSON, MOLONGLO, MONCRIEFF, THE FAIR in north WATSON, THROSBY and WRIGHT. Moreinformation on cat containment is available at www.tams.act.gov.au or by phoning Access Canberra on 13 22 81.

TREE PROTECTION ACT 2005 The Tree Protection Act 2005 protects individual trees of importance and urban forest areas that require particularprotection. A Tree Register has been established and can be found on the Territory and Municipal Services websitehttp://www.tams.act.gov.au/parks-recreation/trees_and_forests/act_tree_register or for further information pleasecall Access Canberra on 132281

p - 62559222

ABN 51602744927

This portfolio includes:

x ENERGY EFFICIENCY RATING (EER) REPORT

x INSURANCE CERTIFICATE

x INVOICE

For the property:

P.O. Box 370 Kippax ACT 2615

[email protected]

13/141 Mapleton Avenue Harrison ACT 2914

SCORE: 22 POINTS

YOUR HOUSE ENERGY RATING IS: STARS 6!!!!!!!!!!!!!!!!!!!!!!!!

13/141 Mapleton Avenue

Harrison 2614

Name: Denise Leeming

House Title: Unit 13 B1 S167 29-10-2018

C:\DOCUMENTS AND SETTINGS\...\UNIT 13 B1 S167

Date:

Reference:

Address:

FirstRate Report

Ref No: 2018561

in Climate: 24

This rating only applies to the floor plan, construction details, orientation and climate as submitted and included in the attached Rating Summary. Changes to any of these could affect the rating.

!!!!!

!

HOUSEENERGY RATING

They do not affect the House Energy Rating of the dwelling.

NOTE: The appliance ratings above are based on information provided by the applicant and are included for information purposes only.

Appliance Ratings Unknown

Continuous Gas - Unknown RatingHotWater:

Not InstalledCooling:

Electric - Unknown RatingHeating:

29-10-18 14:33:02 Ver:4.00 C:\DOCUMENTS AND SETTINGS\DELL\DESKTOP\UNIT 13 B1 S167.1RT

22 629-10-2018

IMPROVING YOUR RATING

31

22

Point Score 5 16 -10 4 -25 -11 -45 -26 -71 -70 -46

Potential

Current

Star Rating

GOODAVERAGEPOOR

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!0 Star

17

!!!!!!!!!!!!!!!!!!!!!!!!

V. GOOD

The table below shows the current rating of your house and its potential for improvement.

Incorporating these design options will add the additional points required to achieve the potential rating shown in the table Each point represents about a 1% change in energy efficiency. This list is only a guide to the range of options that could be used.

Design options Additional points Change curtain to Heavy Drapes & Pelmets 8 Seal Internal Doors 1


!!!!!!!!!!!!!!!!!!!!!!!!24 Current Rating

ORIENTATION

8. North West

7. West

6. South West

5. South

4. South East

3. East

2. North East

18

18

20

21

17

19

22

!!!!!"!!!!!"!!!!!"!!!!!"!!!!!"!!!!!"!!!!!"!!!!!"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"!!!!!"!!!!!"!!!!!"!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!22 1. North

STAR RATINGPOINT SCOREORIENTATION

Largest windows in the dwelling;

Area :

Direction :

6 m²

NNE

The table below shows the total score for the dwelling when these windows face the direction indicated.

Note that obstructions overshadowing windows have been removed from all windows in these ratings to allow better comparisons to be made between orientations.

Orientation is one of the key factors which influences energy efficiency. This dwelling will achieve different scores and star ratings for different orientations.


Summer

00

0

36 %

21 %

26 %

0 %

0 %

17 %

0 %

0 %

9

0

-1

4

7

4

-15

10

1

Insulation:

Climate: 24

FirstRate Mode

0

2

0

0

0 00

Winter Loss Winter Gain

ROOF GLAZING

00

Fixed Vents

Fire Place

Down Lights

Exhaust Fans

Vented Skylights

Gaps (around frames)

Doors

Cross Ventilation

Windows

DESIGN FEATURES

1 AIR LEAKAGE (Percentage of score shown for each element) 2

11 FLOOR 10

Surface Area: Insulation: Mass:

Mass: Surface Area:

-12 WALL -11

Insulation: Surface Area:

12

Points

CEILING 13

Net Conditioned Floor Area: 76.0 m²

RATING SUMMARY for: Unit 13 B1 S167, 13/141 Mapleton Avenue, Harrison

Feature Winter Total

Josh ParsonsAssessor's Name:

duct outlets be positioned to avoid air movement across glass or use deflectors to direct air away from glass.

* Air movement over glazing can significantly increase winter heat losses. SEAV recommends heating/cooling

TotalSummerWinter

-46

Gain

Summer

Gain

Winter

Loss

Winter*Direction

Window

WINDOWS -6-6 -13Area

The contribution of heavyweight materials to the window score is -1 points

Point Scores

Total%NCFAm2

-16 -3156 9% 0NNE

!!!!!!!!!!!!!!!!!!!!!!!! 24* RATING SCORE * includes 22 points from Area Adjustment

ESE 0 0% 00 0 0

SSW 4 5% 4-9 -3 0

Total 10 14% 19-25 -6 -13


Detailed House Data

House Details

ClientName Denise LeemingHouseTitle Unit 13 B1 S167StreetAddress 13/141 Mapleton AvenueSuburb HarrisonPostcode 2614AssessorName Josh ParsonsFileCreated 29-10-2018

Climate Details

StateTown CanberraPostcode 2600Zone 24

Floor Details

ID Construction Sub Floor Upper Shared Foil Carpet Ins RValue Area1 Concrete Slab on ground No Subfloor No No No Carp R0.0 33.8m²2 Concrete Slab on ground No Subfloor No No No Tiles R0.0 7.6m²3 Timber NA Yes No No Carp R0.0 44.0m²4 Timber NA Yes No No Tiles R0.0 3.8m²

Wall Details

ID Construction Shared Ins RValue Length Height1 Brick Veneer No R1.5 53.0m 2.4m

Ceiling Details

ID Construction Shared Foil Ins RValue Area1 Attic - Standard No No R4.0 41.4m²

Window Details

Fixed & Fixed Head toID Dir Height Width Utility Glass Frame Curtain Blind Adj Eave Eave Eave1 SSW 0.9m 1.2m No SG ALIMPR HB No 0.6m 0.6m 2.8m2 ESE 0.6m 0.6m Yes SGT ALIMPR NC No 2.2m 2.2m 2.8m3 SSW 2.1m 0.6m No SG ALIMPR HB No 0.6m 0.6m 0.1m4 SSW 2.1m 0.6m No SG ALIMPR HB No 0.6m 0.6m 0.1m5 NNE 1.8m 2.1m No SG ALIMPR HB No 1.1m 1.1m 0.3m6 NNE 1.5m 1.8m No SG ALIMPR HB No 1.1m 1.1m 0.1m

Window Shading Details

Obst Obst Obst Obst LShape LShape LShape LShapeID Dir Height Width Height Dist Width Offset Left Fin Left Off Right Fin Right Off2 ESE 0.6m 0.6m 2.8m 2.2m 2.5m -0.6m 2.8m 0.6m 0.0m 0.0m5 NNE 1.8m 2.1m 0.0m 0.0m 0.0m 0.0m 0.0m 0.0m 1.1m 0.3m6 NNE 1.5m 1.8m 0.0m 0.0m 0.0m 0.0m 0.0m 0.0m 1.1m 0.6m

Zoning Details

Is there Cross Flow Ventilation ? Poor

Air Leakage Details

Location Suburban


Is there More than One Storey ? YesIs the Stairwell Separated by Doors ? NoIs the Entry open to the Living Area ? YesIs the Entry Door Weather Stripped ? YesArea of Heavyweight Mass 0m²Area of Lightweight Mass 0m²

Sealed UnSealedChimneys 0 0Vents 0 0Fans 2 0Downlights 0 0Skylights 0 0Utility Doors 0 1External Doors 1 0

Unflued Gas Heaters 0Percentage of Windows Sealed 90%Windows - Average Gap SmallExternal Doors - Average Gap SmallGaps & Cracks Sealed No


SEE IT THROUGH. CGU Professional Risks Insurance Level 7, 181 William Street, Melbourne Vic 3000

GPO Box 4609, Melbourne Vic 3001 T 03 9601 8700 F 03 9602 5255

CERTIFICATE OF CURRENCY

The Insured First Call Property Inspection Pty Ltd T/as First Call Property Inspection Pty Ltd. James Meli. Josh Parsons. Stuart Laing

Policy Number 83 MIS 1511689

Professional Services Covered Building Inspection, Pest Management Control, Energy Efficiency Ratings & Compliance Reports

Class of Policy CGU PB17

Period of Insurance from 11/02/2018 to 4pm 11/02/2019

Particulars of Risk

Professional Indemnity *The Total Sum Insured is $1.000,000 *Retroactive date is 16/02/2015 * Australia & New Zealand Jurisdictions *Excess $2,500

Jurisdictional Limits Worldwide excluding USA & Canada.

Public/Products Liability * Public Liability Sum Insured is $10,000,000

* Products Liability Sum Insured is $10,000,000 * Excess $1000

Dated 30 January, 2018

Signed for and on behalf of CGU Insurance Limited ABN 27 004 478 371

Najibi Bisso Manager

This Certificate of Currency indicates the policy cover effective as at the date of issue only

CGU Insurance Limited ABN 27 004 478 371

TAX INVOICEDenise Leeming

Invoice Date29 Oct 2018

Invoice NumberINV-2018561

Reference13/141 Mapleton AvenueHarrison ACT 2914

ABN51 602 744 927

First Call PropertyInspections Pty LtdP.O BOX 370Kippax ACT 2615AUSTRALIA(02) 62559222

Description Quantity Unit Price GST Amount AUD

EER Report 1.00 313.6363 10% 313.64

Subtotal 313.64

TOTAL GST 10% 31.36

TOTAL AUD 345.00

Due Date: 5 Nov 2018We accept Direct Deposits as follows:

Account Name: First Call Property Inspections Pty LtdBank: ANZBSB: 012-964Account Number: 2918 15073PLEASE REFERENCE ANY PAYMENT WITH YOUR NAME OR INVOICE NUMBER.

Deferred payment terms are available on FULL inspections only (combined building/pest and compliance). They do not apply toindividual EER or building/pest reports. The Client agrees to pay the invoice on settlement or before 120 days, which ever comesfirst.

Land Initium Novum Pty Limited Seller ACN 600 101 004...Land Rent Non-Land Rent Lease Occupancy...

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Transcript of Land Initium Novum Pty Limited Seller ACN 600 101 004...Land Rent Non-Land Rent Lease Occupancy...