Vital Healthcare Property Trust (Vital) is a unit trust established under the Unit Trust Act 1960 by a Trust Deed dated 11 February 1994 as subsequently amended and replaced.
On 30 November 2016 Vital became a registered managed investment scheme under the Financial Markets Conduct Act 2013.
As an NZX-listed fund operating in New Zealand and Australia, we are subject to a range of governance and obligations in both countries. In particular, we’re required to act in accordance with:
The Supervisor of Vital is Trustees Executors Limited. The Supervisor is required to be licensed by the FMA under the Financial Markets Supervisors Act 2011 to act as a trustee of a managed investment scheme.
The Supervisor’s role is to:
supervise the administration and management of Vital in accordance with the Trust Deed
ensure Vital complies with its duties and responsibilities under the Trust Deed.
The Supervisor holds title to the New Zealand assets and units in the Australian based trusts of Vital in trust for the Unit Holders, subject to the terms and conditions of the Trust Deed. The Supervisor also has certain discretions and powers to approve investment and divestment proposals recommended to it by Vital and reviews and authorises all payments made by Vital.
Policies
The full version of the following policies and governance documents are available: