IMPORTANT INFORMATION This Financial Services Guide (FSG) is designed to assist you, the client, in deciding whether to use any of the financial services offered by Key Capital Limited (Key Capital). It contains information about commissions, remuneration and payments which may be paid to Key Capital, its authorised representatives, employees, directors, officers or related entities. It also tells you how and what you can do if you have a complaint about Key Capital or our services. For some of the financial products in relation to which Key Capital is authorised to provide financial product advice, you will need to obtain a copy of the product disclosure statement which sets out important information about the relevant financial product, such as costs, risks and returns. We recommend you read the product disclosure statement before making a decision to invest in any financial product. A copy of the relevant product disclosure statement can be obtained from Key Capital. If you need more information or clarification on any matter, then please contact Key Capital.   Before obtaining our financial product advice Australian Financial Services Licence Key Capital holds an Australian financial services (AFS) licence which allows Key Capital to do the following: (a) Operate the following registered managed investment schemes       (the Funds) which are established under the Corporations Act:       (i) Murray House Property Syndicate ARSN: 115 391 823       (ii) Key Capital Property Syndicate No.2 (Somerton & Moorabbin)            ARSN: 117 219 511       (iii) Key Capital Property Syndicate No.3            ARSN: 121 439 129 (b) Deal in interests in managed investment products, basic deposit       products, general insurance products, government debentures,       stocks or bonds, securities and superannuation. (c) Provide general financial product advice in relation to the Funds. Responsibility for the advice given The financial services are being provided by Key Capital. Key Capital is therefore responsible to you for any financial product advice you receive from Key Capital in respect of the Funds. Financial product advice We only provide general financial product advice about the Funds and we cannot give you personal financial product advice about whether or not an investment in any of the Funds is suitable for your circumstances. Accordingly, the advice you receive has been prepared without taking account of your objectives, financial situation or needs. You should therefore consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. If you need personal financial product advice, we recommend you consult a licensed financial adviser who is a member of a recognised planning organisation such as the Financial Planning Association (FPA) and who is licensed to provide personal financial product advice. We also are not authorised to give you any advice (general or personal) on financial products, securities or investments which are not promoted by us (eg. shares, debentures and government bonds). Payments for services Key Capital will be paid fees for acting as the responsible entity of the Funds. The fees may vary between each Fund but will be set out in the relevant product disclosure statement. In particular, Key Capital will be paid a contribution fee of up to 5% of the total amount you invest. From this Key Capital may pay commission to financial advisers who introduce you as an investor. Commissions No director, related entity, employee or associate of Key Capital, nor Key Capital itself, receives any commission as a result of the provision of any financial product advice provided to you. Other declarable interests Key Capital, its directors, or your authorised representative may own interests in the Funds. No other benefits than those disclosed above or in the product disclosure statements are paid unless separately disclosed to you.   Financial Product Advice Advice suitable to your investment needs and financial circumstances We cannot give you advice on whether your financial circumstances are such that an investment in any of the Funds is suitable for you. We will only provide you with general financial product advice, reports or product disclosure statements in which we are authorised to provide general financial product advice under our AFS license. The financial product advice given will only be in relation to information in the product disclosure statement for the relevant financial product covered by our AFS license. It is up to you to consider whether the financial product is suitable for your own investment needs, objectives and financial circumstances. If you need advice in this regard, then we recommend you consult a qualified and licensed financial adviser who is a member of a professional organisation such as the FPA and who is authorised to provide personal financial product advice. Specific risks attached to investing in the Funds The risks of investment vary depending upon the financial product in which you invest. It is important you fully understand these risks. The relevant risks of investment will be set out clearly in the product disclosure statement for each of the financial products in relation to which we provide financial product advice. If we do not explain these risks to you, then you should ask us to explain them. We will explain to you any significant risks of financial products we advise you on. Your instructions to Key Capital You may specify how you would like to give us instructions, for example by telephone, facsimile or e-mail.   Complaints about the financial services If you have any complaint about the service provided to you, then you should take the following steps: (a) Contact Andrew Patrick of Key Capital on 03 8080 5630 or put       your complaint in writing and send it to us by email to this email       address: apatrick@keycapital.com.au or by post at -       Key Capital Limited       Suite 209       685 Burke Road       CAMBERWELL VIC 3124       We will try to resolve your complaint quickly and fairly. (b) If you still do not receive a satisfactory outcome, then you have       the right to complain to the Financial Industry Complaints Services       Limited on 1300 780 808 or by writing to -       Financial Industry Complaints Services Limited       PO Box 579       Collins Street West       Melbourne VIC 8007       Key Capital is a member of this scheme. (c) The Australian Securities and Investments Commission also has a       freecall Infoline on 1300 300 630 which you may use to make a       complaint and obtain information about your rights.