Compliance Plan
In accordance with Part 5C.4 of the Corporations Act relating to registered managed investment schemes, BBCIS has prepared a Compliance Plan for BBCT that has been lodged with ASIC. The Compliance Plan for BBCT describes the procedures that the Responsible Entity will apply in operating the scheme to ensure compliance with the Corporations Act and the Constitution of BBCT. In accordance with Part 5C.5 of the Corporations Act, while at least half of the Directors of the Responsible Entity are external directors, the Act does not require, and the Board of BBCIS does not currently propose, to appoint a separate compliance committee. In the event that less than half of the Directors of the Responsible Entity are external, a compliance committee will be established. In BBCG’s case, three of the six Directors are external and the chairman has a casting vote so no compliance committee is proposed. In the absence of a compliance committee, the Board of BBCIS and its Audit, Risk & Compliance Committee will monitor compliance with the Compliance Plan for BBCT.