Compliance Plan

As required by Part 5C.4 of the Corporations Act governing managed investment schemes, the Responsible Entity has prepared a Compliance Plan for the Trust that has been lodged with ASIC. The Compliance Plan for the Trust describes the procedures that the Responsible Entity will apply in operating the Trust to ensure compliance with the Corporations Act and the Trust constitution. Given that the majority of the Directors of the Responsible Entity are “external” Directors, the Corporations Act does not require, and the Board of the Responsible Entity does not currently propose, to appoint a separate compliance committee. In the absence of a compliance committee, the Audit, Risk & Compliance Committee will monitor compliance with the Compliance Plan for the Trust.

RCL Group Trust Compliance Plan