GARDA PROPERTY GROUP — Major Shareholding Notification 2015

Jul 5, 2015

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme ACN/ARSN	GARDA DIVERSIFIED PROPERTY FUND(GDF)
	ARSN 104 391 273

1. Details of substantial holder(1)

Name WESTPAC BANKING CORPORATION (WBC) and its associated entities listed in Annexure ‘B ’ ACN/ARSN (if applicable) ACN 007 457 141 The holder became a substantial holder on 02/07/2015

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person’s votes (5)	Voting power (6)
OrdinaryShares	5,036,000	5,036,000
Total	5,036,000	5,036,000	5.18%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest(7)	Number of securities	Class of securities
Advance Asset Management Limited	Advance Asset Management Ltd is the RE of various managed investment schemes and, in that capacity, can exercise the power to vote or dispose of the shares.	640,000	Ordinary
BT Funds Management (NZ) Limited	BT Funds Management (NZ) Limited is the manager of various superannuation funds, institutional investor portfolios and unit trusts and, in that capacity, can exercise the power to vote or dispose of the shares.	2,171,000	Ordinary

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BT Investment Management (Fund Services) Limited	BT Investment Management (Fund Services) Limited is the responsible entity of various managed investment schemes and, in that capacity, can exercise the power to vote or dispose of the shares.	2,225,000	Ordinary

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Persons entitled to be registered as holder(8)	Class and number of securities
Advance Asset Management Limited	HSBC Custody Nominees (Australia) Limited.	See Annexure 'A'	640,000 Ordinary
BT Funds Management (NZ) Limited	HSBC Custody Nominees (Australia) Limited.	See Annexure 'A'	2,171,000 Ordinary
BT Investment Management (Fund Services) Limited	HSBC Custody Nominees (Australia) Limited.	See Annexure 'A'	2,225,000 Ordinary

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration(9)	Consideration(9)	Class and number of securities
		Cash	Non-cash
WBC & associates	See Annexure ‘A’	See Annexure ’A’		See Annexure ’A’

6. Associates

7.

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable) Nature of association

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8. Addresses The addresses of persons named in this form are as follows:	8. Addresses The addresses of persons named in this form are as follows:
Name		Address
Westpac Banking Corporation (WBC)		Level 20, Westpac Place, 275 Kent Street, Sydney NSW 2000
Advance Asset Management Limited		Level 20, Westpac Place, 275 Kent Street, Sydney NSW 2000
BT Funds Management (NZ) Limited		Westpac On Takutai Square 16 Takutai Square Auckland 1010 New Zealand
BT Investment Management (Fund Services) Limited		Level 14, Chifley Tower, 2 Chifley Square, SydneyNSW 2000
GARDA DIVERSIFIED PROPERTY FUND (GDF)		The Company Secretary, GARDA DIVERSIFIED PROPERTY FUND (GDF) Level 21, 12 Creek Street BRISBANE QLD 4000 Tel: +61 7 3002 5300 Fax: +61 7 3002 5311
Signature Print name Sign here	Tim Hartin CapacityCompanySecretary
	Date 06/07/2015

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DIRECTIONS
(1) If there are a number of substantial holders with similar or related relevant interests (e.g. a corporation and its related
corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the
relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically
named group if the membership of each group, with the names and addresses of members, is clearly set out in paragraph 7
of the form.
(2) See the definition of “associate” in section 9 of the Corporations Act 2001.
(3) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.
(4) The voting shares of a company constitute one class unless divided into separate classes.
(5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the
person or an associate has a relevant interest in.
(6) The person’s votes divided by the total votes in the body corporate scheme multiplied by 100.
(7) Include details of:
(a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4)
applies, a copy of any document setting out the terms of any relevant agreement, and with a statement by the person
giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a
written statement certifying this contract, scheme or arrangement; and
(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting
powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to
which the qualification applies).
See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.
(8) If the substantial holder is unable to determine the identity of the person (e.g. if the relevant interest arises because of an
option) write “unknown”.
(9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant
interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if
the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf
of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from
whom the relevant interest was acquired.
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ANNEXURE A

This is annexure ‘A’ referred to in Form 603, Notice of initial substantial holder, lodged for Westpac Banking Corporation ACN 007 457 141 and its associated entities.

Tim Hartin – Company Secretary, Westpac Banking Corporation – 06/07/2015

Sales & Purchases for the period : 2/03/2015 to 2/07/2015 SECURITY: GDF

**Advance Asset **	Management Limited
Date	Registered Company	Quantity	Consideration	Class of Securities
2/07/2015	HSBC Custody Nominees (Australia) Limited.	640,000	.00	Ordinary
	Total	640,000	.00	Ordinary
	Advance Asset Management Limited Total :	640,000	.00
BT Investment Management(Fund Services) Limited
Date	Registered Company	Quantity	Consideration	Class of Securities
2/07/2015	HSBC Custody Nominees (Australia) Limited.	2,225,000	.00	Ordinary
	Total	2,225,000	.00	Ordinary
	BT Investment Management (Fund Services)
	Limited Total :	2,225,000	.00

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ANNEXURE B

This is the annexure ‘B’ (being 3 pages) referred to in Form 603, Notice of initial substantial holder, lodged for Westpac Banking Corporation ACN 007 457 141 and its associated entities

Tim Hartin – Company Secretary, Westpac Banking Corporation – 06/07/2015

Westpac Banking Corporation	Australia	Series 2008-1M WST Trust	Australia
1925 (Commercial) Pty Limited	Australia	Series 2009-1 WST Trust	Australia
1925 (Industrial) Pty Limited	Australia	Series 2011-1 WST Trust	Australia
1925 Advances Pty Limited	Australia	Series 2011-2 WST Trust	Australia
A.G.C. (Pacific) Limited	Papua New Guinea	Series 2011-3 WST Trust	Australia
Advance Asset Management Limited	Australia	Series 2012-1 WST Trust	Australia
Altitude Administration Pty Limited	Australia	Series 2013-1 WST Trust	Australia
Altitude Rewards Pty Limited	Australia	Series 2013-2 WST Trust	Australia
Aotearoa Financial Services Limited	New Zealand	Series 2014-1 WST Trust	Australia
Ascalon Capital Managers (Asia) Limited	Hong Kong	Series 2014-2 WST Trust	Australia
Ascalon Capital Managers Limited	Australia	Series 2015-1 WST Trust	Australia
Ascalon Funds Seed Pool Trust	Australia	SIE-Lease (Australia) Pty Limited	Australia
Asgard Capital Management Limited	Australia	SIE-Lease (New Zealand) Pty Limited	New Zealand
Asgard Wealth Solutions Limited	Australia	Sixty Martin Place (Holdings) Pty Limited	Australia
Australian Loan Processing Security Company Pty Ltd	Australia	St.George Business Finance Pty Limited	Australia
Australian Loan Processing Security Trust	Australia	St.George Custodial Pty Limited	Australia
Bella Trust No. 2	Australia	St.George Equity Finance Limited	Australia
Belliston Pty Limited	Australia	St.George Finance Holdings Limited	Australia
Bill Acceptance Corporation Pty Limited	Australia	St.George Finance Limited	Australia
BT (Queensland) Pty Limited	Australia	St.George Life Limited	Australia
BT Australia Pty Limited	Australia	St.George Motor Finance Limited	Australia
BT Financial Group (NZ) Limited	New Zealand	St.George Security Holdings Pty Limited	Australia
BT Financial Group Pty Limited	Australia	Sydney Capital Corp Inc.	USA
BT Funds Management (NZ) Limited	New Zealand	Tavarua Funding Trust IV	USA
BT Funds Management Limited	Australia	Teuton Pty Limited	Australia
BT Funds Management No.2 Limited	Australia	The Home Mortgage Company Limited	New Zealand
BT Long Term Income Fund	Australia	The Mortgage Company Pty Limited	Australia
BT Portfolio Services Limited	Australia	The Warehouse Financial Services Limited	New Zealand
BT Private Nominees Pty Limited	Australia	Value Nominees Pty Limited	Australia
BT Securities Limited	Australia	W2 Investments Pty Limited	Australia
BT Short Term Income Fund	Australia	Waratah Receivables Corp Pty Limited	Australia
Canning Park Capital Pte. Ltd	Australia	Waratah Securities Australia Limited	Australia
Capital Corporate Finance Limited	Australia	Westpac (NZ) Investments Limited	New Zealand
Capital Finance (NZ) Limited	Australia	Westpac Administration Pty Limited	Australia
Capital Finance Australia Limited	Australia	Westpac Administration 2 Limited	Australia
Capital Finance New Zealand Limited	Australia	Westpac Administration 3 Limited	Australia
Capital Fleetlease Limited	Australia	Westpac Administration 4 Limited	Australia
Capital Motor Finance Limited	Australia	Westpac Altitude Rewards Trust	Australia
Capital Rent Group Limited	New Zealand	Westpac Americas Inc.	USA
Castlereagh Trust	Australia	Westpac Asian Lending Pty Limited	Australia

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CBA Limited Australia Westpac Bank of Tonga Tonga Challenge Limited Australia Westpac Bank Samoa Limited Samoa Papua New Core Infrastructure Income Feeder 1 L P UK Westpac Bank-PNG-Limited Guinea Core Infrastructure Income Feeder 2 L P UK Westpac Capital Holdings Inc. USA Core Infrastructure Income Master L P UK Westpac Capital Markets Holding Corp. USA Crusade ABS Series 2012 - 1 Trust Australia Westpac Capital Markets LLC USA Crusade ABS Series 2013 - 1 Trust Australia Westpac Capital Trust IV USA Crusade ABS Series 2015 - 1 Trust Australia Westpac Capital-NZ-Limited New Zealand Crusade CP Management Pty Limited Australia Westpac Cash PIE Fund Australia Crusade CP No.1 Pty Limited Australia Westpac Cook Cove Trust I Australia Crusade CP Trust No. 52 Australia Westpac Cook Cove Trust II Australia Crusade CP Trust No. 53 Australia Westpac Covered Bond Trust Australia Crusade CP Trust No. 55 Australia Westpac Custodian Nominees Pty Limited Australia Crusade CP Trust No. 56 Australia Westpac Debt Securities Pty Limited Australia Crusade CP Trust No. 57 Australia Westpac Delta LLC USA Crusade CP Trust No. 58 Australia Westpac Direct Equity Investments Pty Limited Australia Crusade Euro Trust 1E of 2006 Australia Westpac Equipment Finance (No.1) Pty Limited Australia Crusade Euro Trust 1E of 2007 Australia Westpac Equipment Finance Limited Australia Crusade Global Trust 1 of 2006 Australia Westpac Equity Holdings Pty Limited Australia Crusade Global Trust 1 of 2007 Australia Westpac Equity Investments NZ Limited New Zealand Crusade Global Trust 2 of 2005 Australia Westpac Equity Pty Limited Australia Crusade Global Trust 2 of 2006 Australia Westpac Europe Limited UK Crusade Management Limited Australia Westpac Finance (HK) Limited Hong Kong Crusade 2P Trust of 2008 Australia Westpac Financial Consultants Limited Australia Danaby Pty Limited Australia Westpac Financial Holdings Pty Limited Australia Data Republic Pty Limited Australia Westpac Financial Services Group Limited Australia eQR Securities Pty. Limited Australia Westpac Financial Services Group-NZ-Limited New Zealand Europe Infrastructure Debt LP UK Westpac Financial Services Limited Australia G.C.L. Investments Pty Limited Australia Westpac Funds Financing Holdco Pty Limited Australia General Credit Holdings Pty Limited Australia Westpac Funds Financing Pty Limited Australia General Credits Pty Limited Australia Westpac Funding Holdings Pty Limited Australia Halcyon Securities Pty Limited Australia Westpac General Insurance Limited Australia Hastings Advisers LLC USA Westpac General Insurance Services Limited Australia Hastings Forestry Investments Limited New Zealand Westpac Global Capital Markets Pty Limited Australia Hastings Forests Australia Pty Limited Australia Westpac Group Investment-NZ-Limited New Zealand Hastings Funds Management (UK) Limited Singapore Westpac Holdings-NZ-Limited New Zealand Hastings Funds Management (USA) Inc. UK Westpac Investment Capital Corporation USA Hastings Funds Management Asia Pty. Limited USA Westpac Investment Vehicle No.2 Pty Limited Australia Hastings Funds Management Limited Australia Westpac Investment Vehicle No.3 Pty Limited Australia Hastings Infrastructure 1 Limited UK Westpac Investment Vehicle Pty Limited Australia Hastings Infrastructure 2 Limited UK Westpac Leasing Nominees-Vic.-Pty Limited Australia Hastings Investment Capital LP USA Westpac Lenders Mortgage Insurance Limited Australia Hastings Investment Management Pty Ltd USA Westpac Life Insurance Services Limited Australia Hastings Investment Management (Europe) Ltd UK Westpac Life-NZ-Limited New Zealand Hastings Investments GP LLC Australia Westpac New Zealand Group Limited New Zealand Hastings Korea Company Limited Korea Westpac New Zealand Limited New Zealand

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Hastings Management Pty Limited	Australia	Westpac Nominees-NZ-Limited	New Zealand
Hastings Private Equity Fund IIA Pty Limited	Australia	Westpac Notice Saver PIE Fund	Australia
Hickory Trust	Australia	Westpac NZ Covered Bond Holdings Limited	New Zealand
Hitton Pty Limited	Australia	Westpac NZ Covered Bond Limited	New Zealand
HLT Custodian Trust	New Zealand	Westpac NZ Operations Limited	New Zealand
Infrastructure GP LLP	UK	Westpac NZ Securitisation Holdings Limited	New Zealand
Infrastructure GP 2 LLP	UK	Westpac NZ Securitisation Limited	New Zealand
Infrastructure Research and Advisory Services Private
Limited	India	Westpac NZ Securitisation No. 2 Limited	New Zealand
Magnitude Group Pty Limited	Australia	Westpac Overseas Holdings No. 2 Pty Limited	Australia
MIF Custodian Trust	New Zealand	Westpac Overseas Holdings Pty Limited	Australia
Mortgage Management Pty Limited	Australia	Westpac Properties Limited	Australia
Nationwide Management Pty Limited	Australia	Westpac RE Limited	Australia
Net Nominees Limited	Australia	Westpac Securities Administration Limited	Australia
Number 120 Limited	New Zealand	Westpac Securities Limited	Australia
Oniston Pty Limited	Australia	Westpac Securities NZ Limited	New Zealand
Partnership Pacific Pty Limited	Australia	Westpac Securitisation Holdings Pty Limited	Australia
Partnership Pacific Securities Pty Limited	Australia	Westpac Securitisation Management Pty Limited	Australia
Pashley Investments Pty Limited	Australia	Westpac Singapore Limited	Singapore
Qvalent Pty Limited	Australia	Westpac Structured Products Limited	Australia
RAMS Financial Group Pty Limited	Australia	Westpac Superannuation Nominees-NZ-Limited	New Zealand
Reinventure Fund ILP	Australia	Westpac Syndications Management Pty Limited	Australia
RMS Warehouse Trust 2007-1	Australia	Westpac Term PIE Fund	New Zealand
Sallmoor Pty Limited	Australia	Westpac TPS Trust	Australia
Securitor Financial Group Limited	Australia	Westpac Unit Trust	Australia
Seed Pool Trust No. 2	Australia	Westpac USA Inc.	USA

Note: Westpac retains 40.3% ownership of BT Investment Management Limited who lodges separate notices under ASX code ‘BTT’

BT Investment Management Limited (40.3%)

BT Investment Management (Institutional) Limited (Subsidiary of BT Investment Management Limited)

Australia Australia

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