The function of the Compliance Committee is to:

(a)     Monitor to what extent the Manager complies with the compliance plan and report its findings to the   Directors at such times it consideres necessary or desirable or the Directors require;

(b)     As soon as practicable report to the Board any breach of the Law involving the Scheme or a provision of the Constitution of which it becomes aware or that it suspects;

(c)     As soon as practicable report to ASIC if the Compliance Committee is of the view that the manager has not taken or does not propose to take appropriate action to deal with any matter so reported;

(d)     Assess annually (unless otherwise determined by the Compliance Committee) whether the compliance plan is adequate;

(e)     Report on the adequacy of, and make recommendations to the Board about amendments to, the compliance plan at such times as it consideres necessary or desirable; and

(f)     Do such other things as the Law requires.

In carrying out its functions, the Compliance Committee may commission independent legal, accounting or other professional advice or assistance, at the reasonable expense of the Scheme.