Resort Management by Wyndham Pty Ltd (RMbW) makes available the Product Disclosure Statement (PDS) and pro forma Letting Management Agreement (LMA) with respect to the letting scheme, being the Ramada Resort Phillip Island Letting Scheme (Letting Scheme) which commenced on 1 January 2019.
Links are provided below to each of the following documents:
Our comments in relation to these documents are below:
This document provides the Resort Rules as amended on 3 December 2018.
PDS and pro forma LMAVilla owners may apply to participate in the Letting Scheme using the Application Form included with the PDS. Please see the Important Information below.
List of Alternative Letting AgentsRMbW has listed the names of two independent letting agents who meet the criteria in the Resort Rules and who have confirmed to RMbW they would be willing to act as letting agent of the villas as an alternative to RMbW.
Next Steps
If you would like to participate in the Letting Scheme, please complete the Application Form included with the PDS and contact RMbW on the following contact details to arrange an inspection of your villa and to arrange the preparation of the LMA for your villa:
Duncan Mars
Duncan.Mars@travelandleisure.com
Tel: (03) 5952 8000
RMbW is the issuer of interests in the Letting Scheme. Villa owners should consider the PDS in deciding whether to acquire an interest in the Letting Scheme. The PDS is available from this website or a physical copy can be obtained by contacting RMbW on (03) 5952 8000. The Letting Scheme commenced on 1 January 2019.
The information on this website provides general information only and does not take into account your individual objectives, financial situation or needs. RMbW is not licensed to provide financial product advice in relation to interests in the Letting Scheme. RMbW recommends that villa owners obtain and read a copy of the PDS before making a decision to acquire an interest in the Letting Scheme. No cooling off period will apply to the acquisition of interests in the Letting Scheme.
The distribution of the PDS outside of Australia may be restricted by law. The PDS is not intended to and does not constitute an offer of financial products outside of Australia. The PDS accessible on this website is only available to persons accessing this site from within Australia. If you are accessing this side from anywhere outside Australia, do not download, print or view the PDS. By accessing the PDS you acknowledge and confirm, among other things, that you are an Australian resident and are accessing the site from within Australia.