Turner Securities Ltd is an unlisted public company, established in 2006, and holds an Australian Financial Services License as an issuer and manager of Secured Notes for retail and wholesale investors.
Turner Securities specialises in the origination and management of commercial lending across Australia, providing fixed interest mortgage investment opportunities for Retail and Wholesale Investors.
Headquartered in Adelaide, South Australia, Turner Securities is a known and trusted financial services provider, experienced in the origination and management of commercial lending across Australia.
ABOUT
Turner Securities Ltd has funded over
$1B in lending with 100% capital return.
Since 2006 Turners has delivered strong and consistent monthly returns to Secured Notes investors, providing fixed term, fixed interest rate investments on Terms between 12 and 36 months, and offers direct mortgage investment opportunities to its sophisticated and wholesale investors, to co-invest with Turner Securities in specific lending transactions, through Mortgage Participation.
Turner Securities is headed by its Founder, and Managing Director, Ken Flint, who has extensive experience in banking, finance, broking and funds management.
The board comprises of its Managing Director and three independent non-executive Directors who meet monthly to provide governance and management oversight. The board bring a diverse range of experience across broad sectors, industries and services, including banking and finance, accounting, financial planning, funds management, property valuation and property development.
Click on their profiles to read more.
THE
BOARD
KEN FLINT
Managing Director
GRANT MILES
Director (Chairman)
DAVID McARDLE
Director (Deputy Chairman)
MICHAEL WILKINS
Director
THE
TRUSTEE
Turner Securities’ Secured Notes are issued under a Debenture and Security Trust Deed.
The Trustee, Melbourne Securities Corporation Limited, holds a registered Floating Charge over the assets and undertakings of Turner Securities Ltd on behalf of all Secured Notes holders.
The Trust Deed creates a trust whereby the Trustee holds security and rights and powers of enforcement against Turner Securities on trust for the Investors.
Overview of the Trust Deed:
• Requires Turner Securities to provide specified information, certificates, reports and notices to the Trustee.
• Confirms the Company will create and maintain a register of all Secured Notes holders.
• Details the types of mortgage security lending the Company will undertake.
• Will not permit Turner Securities to advance money to any related entity.
• Details the capacity and limitations on the liability of the Trustee.
• Sets out how fees payable to the Trustee are determined.
• Precludes Turner Securities from causing or permitting any encumbrances on its property other than those that are specified in the Trust Deed or that arise by the operation of law or statute.
Melbourne Securities Corporation Limited
ACN 160 326 545
Level 2, 395 Collins Street
Melbourne Victoria 3000
Phone: (03) 9050 2000
Email: notices@msc.group