Responsible Entity
The Responsible Entity of Babcock & Brown Communities Trust (BBCT) is Babcock & Brown Communities Investor Services Limited (BBCIS), which is a subsidiary of Babcock & Brown.
A responsible entity is a public company licensed to operate a registered managed investment scheme. Under the Corporations Act, the responsible entity of a scheme is required to take full responsibility for operating the scheme.
The responsible entity of BBCT is obliged to operate BBCT in accordance with the BBCT Constitution, BBCT’s Compliance Plan and the Corporations Act.
Responsibility for corporate governance and the workings of BBCT and Babcock & Brown Communities Limited (BBCL) will rest with the Boards of BBCIS and BBCL respectively.