SURF2 2022-02-16T09:56:56+00:00



Termination of SCA Unlisted Retail Fund 2

SURF 2 (SURF 2 or Fund) was established as a closed end fund with a nominal 5-year term.

As outlined in the PDS, and in accordance with the Fund’s Constitution and with the Corporations Act 2001 (Cth), the Responsible Entity may decide to wind up the Fund at any time (such a decision being a Termination Event). SURF 2 has been wound up.


The proceeds from the sale of Katoomba Marketplace, less all of the Fund’s liabilities (Net Proceeds), will be distributed to members in proportion to the number of SURF 2 units held. Below is the expected timeframe for the distribution of the Net Proceeds:

  1. Payment of liabilities (including the secured debt facility) and expenses associated with the sale of SURF 2’s final property – February 2021 complete
  2. Payment of Distribution (including return of capital) of $1.20 per unit – 11 March 2021 complete
  3. Payment of performance fee to Fund Manager – April 2021 – complete
  4. Final residual distribution of $0.0296 per unit – 7 May 2021 complete
  5. Completion of the Fund accounts – July 2021 – complete

The Constitution of SURF 2 provides that all Units in the Fund will be cancelled and taken to be redeemed from the date the final distribution, 7 May 2021, of the Net Proceeds is made. The final wind up and deregistration of SURF 2 was completed by the end of calendar year 2021.

The Fund was wound up on 7 May 2021.

Payment of proceeds

To ensure that there is no unnecessary delay in receipt of your distribution/s from the Fund, please ensure that the contact and bank account details we have on file are accurate and up to date.

Member Notices

Member Notice – Change of Auditor 11 November 2020

 Quarterly Updates

Distribution History

Period Ended Date Paid Distribution (cpu)
30 April 2021 7 May 2021 2.96
28 February 2021 11 March 2021 120.00
31 December 2020 28 January 2021 1.75
30 September 2020 16 October 2020 1.75
30 June 2020 31 July 2020 3.50
31 March 2020 N/A Nil
31 December 2019 28 January 2020 1.75
30 September 2019 16 October 2019 1.75
30 June 2019 31 July 2019 1.75
31 March 2019 23 April 2019 1.75
31 December 2018 21 January 2019 1.75
30 September 2018 16 October 2018 1.75
30 June 2018 31 July 2018 1.75
31 March 2018 20 April 2018 1.75
31 December 2017 22 January 2018 1.75
30 September 2017 16 October 2017 1.75
30 June 2017 31 July 2017 0.556

Financial Reports

Financial Report 30 June 2020
Financial Report 30 June 2019
Financial Report 30 June 2018
Financial Report 30 June 2017

Distribution Tax Components



In respect of each income tax year, you will be required to include your share of the net income of the SURF2 in your assessable income for tax purposes. SCA Property Group will provide unitholders with Annual Taxation Statements by August of each year.

You should not complete your tax return for the prior tax year before you receive this Annual Taxation Statement.

Distributions from SURF2 may include various components, the tax treatment of which may differ. If you are an Australian tax resident and an individual, distributions from SURF2 received after June will generally need to be included in your tax return for the preceding tax year.

Annual Taxation Statement

If you are an Australian tax resident and an individual you will receive an Annual Taxation Statement by August each year. Amounts in this Annual Taxation Statement will generally need to be included in your tax return for the preceding taxation year.

You should not complete your tax return for the preceding taxation year until you receive the Annual Taxation Statement.

To obtain your Annual Taxation Statement go to or contact the SURF2 information line on 1300 780 316 (within Australia) or +61 2 9290 9600 (outside Australia) to request the Annual Taxation Statement to be sent to you.

Resident withholding tax deductions

If you are classified as an Australian tax resident for Australian tax purposes you will have resident withholding tax deducted at the rate of 47% on the full amount of your future distributions unless you provide your Tax File Number (TFN) or Australian Business Number (ABN).

TFN withholding tax is a refundable credit. That is, if the credit exceeds the tax liability you would otherwise have, it will be refunded to you by the Australian Taxation Office. For further information you should contact your own tax advisor.

Go to in order to provide your TFN or ABN or your bank account or financial institution account information and other details online for your holding. Alternatively contact the SCP Information Line on 1300 780 316 (within Australia) or +61 2 9290 9600 (outside Australia) to request the forms to be sent to you.


Q: When will SURF2 make distributions?

A: SURF2 intends to make distributions quarterly in the month after each calendar quarter. The distribution for the June calendar quarter  may be delayed to determine the final annual taxation components.

Q: How do I change my bank or EFT or address details or get details of may distribution or other unitholder records?

A: Please contact the SURF2 Unit Registry on 1300 780 316.

Contact Us

SURF2 Unitholder Enquiries

If you have any queries relating to a unitholding in SURF2 please call the SURF2 information line:

1300 780 316 (within Australia)

+61 2 8016 2885 (outside Australia)

Or you may contact: or log onto to update your bank account, TFN, ABN or other details.

General Enquiries

SCA Property Group

Level 5, 50 Pitt Street

Sydney NSW 2000

Telephone: 02 8243 4900