Murdoch Clarke Mortgage Fund
The Murdoch Clarke Mortgage Fund is an unlisted mortgage scheme which is registered under and regulated by the Corporations Act. An investment in the Murdoch Clarke Mortgage Fund is not a bank deposit.
The Murdoch Clarke Mortgage Fund is operated by Murdoch Clarke Mortgage Management Limited ACN 115 958 560 which is the responsible entity of the fund. Murdoch Clarke Mortgage Management Limited holds an Australian Financial Services Licence issued under the Corporations Act.
Funds invested in the Murdoch Clarke Mortgage Fund are pooled and either:
- lent to borrowers secured by registered first mortgages over real estate; or
- invested in at call or term deposit accounts with banks, credit unions and building societies.
|