The Responsible Entity, Australian Property Custodian Holdings Limited (“APCHL”), is the Trustee of the Trust and has been licensed by ASIC to be the Responsible Entity for the Trust.

The Responsible Entity is appointed under the Trust’s Constitution to manage the Trust on behalf of all of the Unit Holders.

Under the Corporations Act, the Responsible entity is responsible for the proper promotion, management and compliance of the Trust as a registered Managed Investment Scheme.

APCHL holds an Australian Financial Services Licence (Number 226692).

The Honourable Dr Michael Wooldridge was appointed Chairman effective from 1 July 2006.

Michael is currently also a Director of Australian Pharmaceutical Industries Ltd (ASX Code: API) but is perhaps best known as the former Minister for Health and Family Services (1996 - 1998) and Minister for Health and Aged Care (1998 - 2001).

He is a qualified Medical Practitioner and more particularly has professorial positions with both Monash University and University of Melbourne and a number of government appointed positions, including Chairman of the Health Services Advisory Committee. Michael also holds a post-graduate MBA from Monash University.

Philip Powell has worked in financial consulting with Arthur Andersen & Co in Sydney, Melbourne and Los Angeles and in senior finance and administration roles with listed companies. As a corporate advisor, Philip has worked across a diverse range of sectors including properties, utilities, IT, financial services, food and agriculture.

Kim has had extensive experience in property management in the commercial and retail areas, particularly as Victorian Development Manager for 7 Eleven stores fo a period of 10 years. There he was responsible for the identification, purchase and leasing of the 7 Eleven convenience stores, and for a period of over 2 years was also the Franchising Manager, increasing that area fourfold during his tenure. Subsequently he was National Manager of Urbis T-Property (Urbis was formerly AT Cocks Consulting).

He is the General Manager of the APC Property Group which is associated with William Lewski in which his position involves the identification and acquisition of existing Retirement Villages and aged care facilities for the Prime Retirement & Aged Care Property Trust.

He is responsible for the management of the villages managed for the Trust  by an affiliate of APC Property Group ensuring that the village staff are properly trained and able to look after the best interest of both the residents and the Trust.  He has overall responsibility for the marketing and renovation of the units as they become available to ensure that they meet the exacting standards of our potential residents.

Kim has held a Victorian Real Estate Agent's licence since 1974.

Peter was appointed Director effective from 8 August 2006.

Peter is a qualified architect graduating from Royal Melbourne Institute of Technology where he completed his thesis on conversion of “not for profit” buildings, often church owned buildings and their sites, into aged care accommodation.

Peter has practised for many years as an architect creating the medium size company of Peter Clarke and Associates Architects. He was an Executive Director of the Royal Australian Institute of Architects (Victoria), Executive Director of the Property Council of Australia (Victoria), a Senior Executive of Lend Lease in Victoria and most recently Managing Director of Urban Alliance Corporation, a consultancy specialising in Aged Care and Senior Living Projects.

Peter has held many government and community positions and is currently a Councillor of the City of Melbourne. He has advised Federal, State and Local Government on a range of property, construction, planning and other policy issues and has also consulted to public companies on a broad range of size, types and locations of Aged Care and Senior Living Projects in most states of Australia.