Australian Securities and Investments Commission

Corporations Act 2001- Subsection 1020F(l) - Exemption

Under subsection 1020F(l) of the Corporations Act 2001 the Australian Securities and Investments Commission hereby exempts the responsible entity of a registered scheme from paragraph 1016A(2)(a) of that Act, to the extent that it prohibits the issue of a managed investment product to which the scheme relates unless the application form for that managed investment product requires the applicant's date of birth, on the condition that that form requires an applicant who is a natural person to state that he or she is at least 18 years of age.

Dated this 11th day of April 2002

Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission