Legal Structure

In Australia, Shared Ownership has considerable consumer protection as it is considered a Managed Investment Scheme.

This legislation requires the operation of a Shared Ownership arrangement to be only
by an appropriately licensed public company (such as Dransfield) with significant oversight
by ASIC.

Owners have the benefit of:

• A Constitution.
• A detailed agreement amongst themselves and with Dransfield as the Manager of the home.
• The right to replace the Manager in the unlikely event
  that they stop performing well.
• An audit of their levies.
• The right for 50% of owners to decide to sell the home at any time.
• A titled real property interest.

This is all explained in a detailed Product Disclosure Statement
which has been notified to ASIC. As a property investment, most owners will
be advised by a lawyer who can take them through the purchase.