About RMBL

RMBL is an AFS licensed contributory mortgage investment manager. Its qualified team has a depth of knowledge that has allowed it to operate successfully for over 57 years.

History

RMBL has been in operation since 1960. 

In 2000, RMBL established the RMBL Mortgage Income Investments Scheme.

On 11 March 2002 the provisions of the Financial Services Reform Act (“FSRA”) came into force.  The Act was passed by Parliament on 23 August 2001 and commenced on 11 March 2002, with a two year transitional period for participants in the industry to make the transition from their current regulatory structure to the single licensing and product disclosure regime required under FSRA.  The FSRA and its regulations have made consequential amendments to the Corporations Act and its regulations, and came into full effect on 11 March 2004.

On 15 October 2002 RMBL was issued with an Australian Financial Services Licence which allows it to operate the Scheme. The latest Product Disclosure Statement (contact RMBL to obtain a copy) lodged with ASIC, provides information to Members about the Scheme.

RMBL has built a reputation for delivering excellent and friendly service. The head office is located in Dandenong, the heart of Melbourne’s industrial south east district.

The RMBL Team

  • Chairman
  • Colin Madden
  • Directors
  • Bruce Fletcher
  • Surinder Gurdial
  • Alex Courtney
  • Senior Management
  • Surinder Gurdial
  • Alex Courtney
  • Andre Bokos
  • Office Administrator
  • Margaret Weston
  • Compliance
  • Bruce Fletcher
  • Loans Team
  • Elena Grayson
  • Jonathon Madden
  • Catherine Martin
  • Helen Mavroudis
  • Marian Barnett
  • Investment Team
  • Dawn Arendse
  • Andrea Weinman
  • David Crocombe
  • Lina Pascua
  • Nina Jenkin
  • Accounts Team
  • Ruth Ravuri
  • Nany Sutrisno
  • Colin Madden — LLB., B. Comm
    Colin Madden — LLB., B. Comm
    Chairman

    03 9213 5701

    Colin is a hands on director involved in all matters affecting the RMBL Scheme including liaising with Borrowers regarding their finance requirements, and dealing with Members in relation to the Scheme.

    Colin has expertise in lending across all states and territories of Australia and dealing with construction, development and subdivision finance.

  • Alex Courtney — LLB.B.Sc
    Alex Courtney — LLB.B.Sc
    Director / Chief Operating Officer

    03 9213 5703

    Alex is RMBL’s Chief Operating Officer and is involved in all operational matters affecting the Scheme, as well as ensuring the compliance obligations of the business are maintained.

  • Surinder Gurdial — BA.(Hons), Barrister-at-Law (Lincoln's Inn)
    Surinder Gurdial — BA.(Hons), Barrister-at-Law (Lincoln's Inn)
    Director / Chief Financial Officer

    03 9213 5702

    Surinder is a Director and RMBL’s Chief Financial Officer. He is responsible for managing the financial affairs of the company.

    Surinder also has extensive experience in putting together loan transactions, managing construction, subdivision and development projects and handling joint ventures in property development matters.

  • Bruce Fletcher — LLB
    Bruce Fletcher — LLB
    Director / Senior Compliance Officer

    03 9213 5706

    As well as being a director of RMBL, Bruce is also the Scheme’s Senior Compliance Officer and is responsible for ensuring that all compliance obligations are met in relation to RMBL’s AFS Licence, Compliance Plan and Constitution.

    Bruce has extensive experience in property, business and finance law.

  • Andre Bokos — Licensed Property Agent
    Andre Bokos — Licensed Property Agent
    Senior Funds Manager - Investment Team

    03 9213 5704

    Andre has been with RMBL for over 31 years and is RMBL’s Senior Funds Manager.

    Andre’s role as Senior Funds Manager involves liaising with current and potential Members of the RMBL Scheme and attending to their investment requirements.

  • Dawn Arendse — Dip. Financial Services/Dip. Mortgage Lending
    Dawn Arendse — Dip. Financial Services/Dip. Mortgage Lending
    Funds Manager - Investment Team

    03 9213 5708

    Dawn has extensive experience in the finance and investment sector and oversees the day to day operations of the Investment Team.

  • Ruth Ravuri — CPA
    Ruth Ravuri — CPA
    Senior Accountant

    03 9213 5715

    Ruth leads the Accounts Team overseeing the day to day operations of the accounts department.

  • Elena Grayson – LLB, B. Ec
    Elena Grayson – LLB, B. Ec
    Legal Counsel

    03 9213 5709

    Elena is RMBL’s Legal Counsel involved in all areas of lending, facilitating loan matters and settlements .  Elena has extensive knowledge in property development matters and general finance related matters.

  • Margaret Weston
    Margaret Weston
    Office Administrator

    03 9213 5760

  • Jonathon Madden
    Jonathon Madden
    Property Analyst

    03 9213 5712

  • Catherine Martin
    Catherine Martin
    Mortgage Clerk

    03 9213 5717

  • Helen Mavroudis
    Helen Mavroudis
    Mortgage Clerk

    03 9213 5710

  • Marian Barnett
    Marian Barnett
    Mortgage Clerk

    03 9213 5716

  • Andrea Weinman
    Andrea Weinman
    Investment Clerk

    03 9213 5705

  • David Crocombe
    David Crocombe
    Investment Clerk

    03 9213 5707

  • Lina Pasqua
    Lina Pasqua
    Investment Clerk

    03 9213 5711

  • Nina Jenkin
    Nina Jenkin
    Investment Clerk

    03 9213 5714

  • Nany Sutrisno
    Nany Sutrisno
    Accountant

    03 9213 5713

Frequently asked questions

Type of investment

Investment in a specific first registered mortgage which provides a competitive rate of interest (variable or fixed) for a fixed term. Please contact us for the current variable rate.

How are your funds invested upon receipt of the Application?

Upon receipt of the Application Form, which is attached to the Product Disclosure Statement and satisfactory Identification Check, your funds are placed into a Trust Account following which RMBL will forward you a Supplementary Product Disclosure Statement (SPDS) and Consent Form containing the details of a Sub Scheme. Upon receipt of the Consent Form your funds will be invested in that Sub Scheme. Your funds will be deposited into an Interest Bearing Trust Account if RMBL has not received your Consent Form within 10 working days from the date of receipt of the funds.

What about investing further funds?

Multiples of $1,000 may be invested following the minimum investment amount. You can also re-invest your interest.

When do I start to earn interest?

Pending any necessary clearance, you will earn interest after 10 working days from the date of receipt, or sooner if your funds are allocated to a nominated Sub Scheme.

You will not earn interest while your funds are in the Trust Account for a period of up to 10 working days from the date of receipt.  If your funds have not yet been allocated to a nominated Sub-Scheme, your funds will be deposited into an Interest Bearing Trust Account and you will earn the applicable commercial interest rate offered by the Bank until your funds are allocated to a nominated Sub Scheme.  On request, we will inform you of the applicable commercial interest rate.

Upon allocation of your funds to a nominated Sub Scheme, interest is earned at the applicable variable or fixed rate of the Loan from the date of allocation.

Can interest be reinvested?

The Application Form provides an option for you to reinvest interest (whether earned from a Sub Scheme or from the Interest Bearing Trust Account) and as sums in multiples of $1,000 are accumulated in the Interest Bearing Trust Account, subject to obtaining your consent, these sums may be invested in nominated Sub Schemes.

When is the interest paid?

Usually monthly in arrears, unless otherwise disclosed in Supplementary Product Disclosure Statement.

When can my funds be withdrawn?

5 working days notice is required if you withdraw your funds from the Trust Account or Interest Bearing Trust Account.

Once allocated to a Sub Scheme, funds can only be withdrawn at the Due Date of the Sub Scheme, if the Borrower has satisfied all requirements for renewal of the Sub Scheme and replacement investor funds are available, or if the loan is repaid by the Borrower. A Borrower may repay the loan before the Due Date.

RMBL does however have discretion to allow an early redemption, but only where the Sub Scheme is not in default and there is a replacement Member to take your place in the Sub Scheme and the replacement Member completes all documentation required by RMBL.

Can I invest as a Wholesale Member?

Yes. The Scheme is open to both Retail and Wholesale Members. By investing as a Wholesale Member, you will not be required to provide your consent before your funds are placed into a Sub Scheme, allowing RMBL to streamline the paperwork for your investment. You will receive updates from time to time on the Sub Schemes in which your funds have been invested, and you always retain a right of veto.

You will be required to satisfy one of the tests under the Corporations Act before we can accept you as a Wholesale Member. More details are available by contacting RMBL, your financial planner or your financial adviser.

Financial Ombudsman Service Limited Membership Certificate

RMBL Investments Ltd is a member of Financial Ombudsman Service Ltd. Click here to view the certificate.

What sort of property types are used as security for my investment?

The diversification of Sub Scheme Property differs from time to time, however as at 30 September 2016 the loan book includes the following property types:

Location3

Location of Sub Scheme Property in theScheme as at 31 August 2017

  1. - 77.01% Victoria
  2. - 1.93% New South Wales
  3. - 3.80% Queensland
  4. - 0.17% Tasmania
  5. - 5.77% South Australia
  6. - 11.32% Western Australia

 

Total Number Of Loan2

Property Categories as a Proportion of Total Number of Loan as at 31 August 2017

  1. - 0.53% Apartments CBD
  2. - 2.12% Apartments Non CBD
  3. - 2.65% Apartments Construction Non CBD
  4. - 0.53% Rural - Commercial
  5. - 10.58% Rural Improved
  6. - 4.76% Commercial/Retail
  7. - 6.88% Industrial
  8. - 0.53% Industrial Subdivision
  9. - 0.53% Industrial Construction
  10. - 11.64% Residential
  11.  - 5.29% Residential Construction
  12. - 14.81% Residential Subdivision
  13. - 1.59% Vacant Land - Industrial
  14. - 1.59% Vacant Land - Commercial
  15. - 5.82% Vacant Land - Rural
  16. - 18.52% Vacant Land - Residential
  17. - 11.64% Vacant Land - Urban Growth Boundary