BrisConnections

Frequently asked questions

 For PPB Advisory FAQs, click here.

What am I investing in?

You are investing in BrisConnections Unit Trusts (comprising a stapled security made up of one unit in BrisConnections Investment Trust and one unit in BrisConnections Holding Trust). BrisConnections is listed on the Australian Securities Exchange ("ASX").
BrisConnections has been awarded by the State of Queensland the concession to design, construct, operate, maintain and finance AirportlinkM7 for a period of 45 years from 2008 and to receive toll revenues.

What is the ASX code?

BrisConnections' ASX code is BCS.

What is a stapled security?

A stapled security is a security that is made up of one unit in BrisConnections Investment Trust and one unit in BrisConnections Holding Trust (together referred to as BrisConnections). Because they are stapled together you cannot trade one without the other. In the case of listed securities, they are jointly quoted on ASX as "stapled securities". BrisConnections investors hold one BrisConnections Investment Trust unit and one BrisConnections Holding Trust unit "stapled" together and jointly quoted on the ASX under the code "BCS".

How do I invest / how do I buy securities / how do I sell securities?

BrisConnections is listed on the ASX. Therefore to purchase or sell securities it is necessary to contact your broker. If you do not already have a broker you can call the ASX Broker Referral Service on 1300 300 279 or go to their website: www.asx.com.au

How do I redeem my investment?

BrisConnections is listed on the ASX. Therefore it is not possible to redeem your securities. To dispose of your investment you need to sell your securities on the ASX via your broker. If you do not already have a broker you can call the ASX Broker Referral Service on 1300 300 279 or go to their website: www.asx.com.au

How do I check the trading price of BrisConnections’ securities?

Security price information is available at www.asx.com.au

Where can I find details of distributions that have been paid?

Through the web pages of BrisConnections' registry, Link Market Services, or via the telephone service, you can check previous distribution payments related to your current or previous holding and access the relevant forms to notify us of any changes to your address and direct credit details for future distributions.
You will need your Shareholder Reference Number or Holder Identification Number.

Link Market Services
Level 12, 680 George Street, Sydney NSW 2000 Australia
Telephone: 1300 554 474/+61 2 8280 7111
Email: registrars@linkmarketservices.com.au
Website: www.linkmarketservices.com.au

What is the DRP?

The Distribution Reinvestment Plan (DRP) provides for reinvestment of investors' distribution payments by subscribing for additional stapled securities under the DRP, in lieu of receiving a cash distribution.

When operable, the DRP operates so that for distributions paid by BrisConnections, payment will be made in BrisConnections stapled securities UNLESS a unitholder elects not to participate in the DRP by completing a variation form.

Securities are allocated at the daily weighted average market price of the Schemes' securities on the ASX over a period of 20 business days commencing on the day before the distribution record date. As stated above, BrisConnections has suspended distributions so the DRP is not currently operational.

Click here for the terms of the DRP.   

A DRP variation form is also available from our website or our registry Link Market Services at www.linkmarketservices.com.au

Your DRP variation will only be effective for a future distribution if it is received sufficiently in advance of the distribution. The closing date for lodging a DRP variation form in respect of a forthcoming distribution will be announced at the same time the distribution is announced but is likely to be a few days before the record date.

How do I change my address / bank details?

You will need to send written authorisation to Link Market Services quoting your Shareholder Reference Number or Holder Identification Number and signing your request. It is not possible to do this over the internet as your signature is required.

How do I make a complaint?

BrisConnections provides a complaints handling and dispute resolution process for unitholders and is a member of the Financial Ombudsman Service.  BrisConnections also has a policy for dealing with complaints. A copy of the policy can be found here.

Unitholders who wish to complain should write to:

BrisConnections
C/- Link Market Services Limited
Locked Bag A14
Sydney South NSW 1235

If you are dissatisfied with the response from BrisConnections, you can raise the complaint directly with the Financial Ombudsman Service at:

Financial Ombudsman Service
GPO Box 3
Melbourne Vic 3001
Telephone: 1300 780 808
Fax: (613) 9613 6399
Website: www.fos.org.au
Email: info@fos.org.au

How can I access details of my holding of stapled securities?

Through the web pages of BrisConnections' registry, Link Market Services, you can check on your current holding and access the relevant forms to notify us of any changes to your address and direct credit details.

You will need your Shareholder Reference Number or Holder Identification Number.

Link Market Services
Level 12, 680 George Street, Sydney NSW 2000 Australia
Telephone: 1300 554 474/ +61 2 8280 7111
Email: registrars@linkmarketservices.com.au
Website: www.linkmarketservices.com.au

How can I give notification of my Tax File Number (TFN)?

Advice of TFNs can be made over the phone or in writing to the Link Market Services. You may choose not to provide your TFN, but if you are an Australian tax resident individual and you do not provide your TFN, distributions you receive that are assessable income will have income tax deducted from them at the highest marginal rate.

How can I choose to receive or no longer receive the Annual Report?

You can request to be sent the Annual Report, in either electronic or hard copy, by writing to Link Market Services or completing the annual report election form on our website and sending it to Link Market Services. If you do not request to be sent a copy of the Annual Report, you will receive notification when it is made available on the BrisConnections website.

What is my SRN or HIN?

SRN - Shareholder Reference Number for Issuer Sponsored holdings.
HIN - Holder Identification Number for Broker Sponsored holdings.
These can be found on your latest holding statement.

What is the difference between Issuer Sponsored and Broker Sponsored?

An Issuer Sponsored holding is maintained by the issuer of your stapled securities, BrisConnections, via the registry. Issuer sponsored securities can be traded through any broker to whom you have given permission to access your holding for the purposes of buying or selling securities. Issuer Sponsored holdings are allocated a Shareholder Reference Number (SRN) prefixed by an 'I' and can be found on your holding statement.

Broker Sponsored holdings are allocated a Holder Identification Number (HIN). Your SRN will then become your HIN prefixed by an 'X'.

What is required if a holder dies?

When a holder dies their assets form part of their estate. The administration of an estate can be complex, time consuming and sometimes distressing. BrisConnections' registry, Link Market Services, has created a range of services for assistance when dealing with an estate.  Contact Link Market Services for for further information.

Can I transfer my stapled securities to another person?

Yes, you can transfer your stapled securities to another person by off-market transfer. Simply contact Link Market Services to have the appropriate forms mailed to you.

Who manages BrisConnections?

BrisConnections Management Company Limited (BCMCL) acts as the responsible entity of the BrisConnections Unit Trusts. BCMCL is a public company ultimately owned by BrisConnections Holding Trust and holds an Australian Financial Services Licence issued by the Australian Securities and Investment Commission to act as responsible entity of BrisConnections.

BCMCL has entered into a services agreement so that its management services are provided by BrisConnections Operations Pty Limited, a subsidiary of BrisConnections, in consideration of a rebate on the management fee. This agreement does not, however, relieve BCMCL from its obligations as responsible entity under the Corporations Act.

What are the ongoing fees and expenses?

BCMCL is entitled to an annual management fee of $1.35 million (subject to CPI adjustment) as responsible entity of the BrisConnections Unit Trusts. In addition, BCMCL is entitled to be reimbursed for costs and expenses incurred in the proper performance of its duties as responsible entity. Pursuant to the internalisation of BCMCL, all of that management fee is now captured within BrisConnections.

What are BrisConnections' corporate governance principles and policies?

BrisConnections' corporate governance principles are guided and informed by the ASX Principles.  

All BrisConnections' corporate governance practices and policies are implemented to ensure that the interests of security holders and other stakeholders in BrisConnections are protected at all times.

BrisConnections' guiding corporate governance principles are to:
• Lay solid foundations for management and oversight;
• Structure the Board to add value;
• Promote ethical and responsible decision-making;
• Safeguard integrity in financial reporting;
• Make timely and balanced disclosure;
• Respect the rights of security holders;
• Recognise and manage risk; and
• Remunerate fairly and responsibly;

Full details and copies of the various policies and charters are available under corporate governance.

What is AirportlinkM7?

AirportlinkM7 is a multi-lane electronic free-flow tollroad, approximately 6.7 kilometres with approximately 5.7 kilometres of this comprising the tunnel. Located in Brisbane, Queensland AirportlinkM7 provides a link between the northern suburbs and Brisbane CBD to Brisbane Airport and the Australian Trade Coast.
BrisConnections has been awarded by the State of Queensland the concession to design, construct, operate, maintain and finance AirportlinkM7 for 45 years from 2008.

BrisConnections also constructed the Windsor to Kedron section of the Northern Busway and the Airport Roundabout Upgrade, an upgrade to the roundabout at the East-West Arterial / Airport Drive / Gateway Motorway interchange.

Why do we need AirportlinkM7?

AirportlinkM7 connects more than just roads.  Brisbane has a multitude of desirable destinations that are visited by thousands of people every day for business, travel and entertainment.  AirportlinkM7 provides the missing link between these destinations and connects commonly used destinations such as the airport precinct, the CBD, northern suburbs and South Bank offering easy access to hotels, restaurants, exhibitions, major events and educational facilities.

This improved and reliable road network connects communities and introduces economic and social benefits.  Significant reductions in travel time provide the option of spending more time on the things that are important.  AirportlinkM7 also creates the opportunity for businesses to increase efficiency.  

AirportlinkM7 plays a key role in building a better Brisbane by enhancing choice, reducing congestion and transforming the road network.

Who was involved in delivering AirportlinkM7?

The Queensland Government appointed BrisConnections to deliver AirportlinkM7, Northern Busway (Windsor to Kedron) and Airport Roundabout Upgrade Projects.  BrisConnections designed, constructed, operates, maintains and finances AirportlinkM7 from 2008 for 45 years.  BrisConnections also delivered the Northern Busway (Windsor to Kedron) and Airport Roundabout Upgrade projects, which were handed back to the State upon completion.

Thiess John Holland, a joint venture between Thiess Pty Ltd and John Holland Pty Ltd, were contracted by BrisConnections to design and construct the projects.  Thiess John Holland Motorway Services, a joint venture between Thiess Services Pty and John Holland Services Pty Ltd, have been contracted by BrisConnections to operate and maintain AirportlinkM7.