Home
Lodgement Confirmation
Agribusiness Investments
MIS Strategies
How To Invest
Your Risk Tolerance
Morningstar Research
Investment Education
Investment News
Useful Links
Financial Services Guide
About Us
Remember Us
Disclaimer
Privacy
 

INVESTMENT NEWS


pdf document 2010 Budget Briefing (Colonial First State)
The Treasurer has handed down the Federal Budget for the 2010/11 year. In response, Colonial First State have provided a summary of the relevant announcements and some strategies which could assist you.
13 May 2010

pdf document Amending Legislation to Protect Forestry MIS Deductions
The Government has released draft amending legislation, designed to protect an initial investor’s tax deductions if a CGT event occurs within four years of investment due to circumstances outside the investor’s control.

ITC's Technical Service Manager Kim Cowie provides details of this proposed change, and examples of situations in which this protection could apply.
22 December 2009

pdf document AACL partner company, Carbon Conscious, and Origin agree large scale carbon forest sink deal
AACL, through its parent company Broadacre Asset Management Ltd, owns approximately 35% of Carbon Conscious. Carbon Conscious was listed on the ASX in May 2008 and is involved with planting native trees on lower productive land, in order to store or “sequest” carbon and to generate carbon credits for the upcoming Carbon Pollution Reduction Scheme. Carbon Conscious was developed because of AACL’s access to farmers and land, however, it does not operate as a managed investment scheme.
16 July 2009

Align Funds Management - Timbercorp Almond Projects Update
Sam Baillieu (
Shareholder Representative / Director) and Trevor Moyle (Independent Chairman) from Align Funds Management provide you with a current update as to their proposals for the Timbercorp Almond Projects.
23 June 2009

Dealer groups call for Great Southern enquiry
Dealer groups want the government to set up an enquiry into failed agribusiness giant Great Southern. A number of dealer groups have called on the government to step in to help investors caught up in the collapse of agribusiness firm Great Southern. Representatives from Australian Financial Services (AFS) and IOOF-owned group Consultum Financial Advisers each voiced concern for investors at Great Southern's first creditors meeting held yesterday in Melbourne.
28 May 2009

pdf document MIS forest managers growing wood for an undersupplied domestic market
In the torrent of media commentary about the recent collapse of major agribusiness managed investment scheme companies, Timbercorp and Great Southern, many of the statements made by the most vocal MIS detractors have been factually wrong or at best misleading, according to the Australian Plantation Products and Paper Industry Council (A3P). A3P CEO, Richard Stanton, said “One of the most bizarre generalisations is the MIS forestry companies are purely motivated by tax minimisation and management fees and have no interest in the forestry products they are growing for their investors, or the target markets for those products."
27 May 2009

pdf document Great Southern Limited - Administration Bulletin No. 1
On Saturday May 16, 2009, Ferrier Hodgson partners Martin Jones, Andrew Saker, Darren Weaver and James Stewart were appointed Administrators of Great Southern Limited and 34 of its subsidiaries. These appointments were by the boards of each company and placed the Group under the control of the Administrators.
26 May 2009

pdf document Wait For Conclusion - Minister Defends MIS
Federal Agriculture Minister Tony Burke defended the managed investment scheme (MIS) model at Hamilton this week as MIS company Great Southern Ltd. went into receivership.....
21 May 2009

pdf document Time for some MIS facts
Australian Agribusiness Group (AAG) has been researching and rating agricultural investments, including Managed Investment Schemes, since 2000 - longer than any other research business. AAG also operates a consulting practice and manages a substantial portfolio (over $350m) of agricultural assets Australia wide. AAG knows MIS, and we know Australian agriculture. We have no illusions about either.
19 May 2009

pdf document Plantation forestry offers a sound investment and strong growth
“Despite the recent news concerning two of the players in the agricultural managed investment schemes (MIS) sector, MIS-driven plantation forestry remains a solid industry with the offer of strong and increasing timber prices. The sector is poised for continued expansion,” said Allan Hansard, CEO National Association of Forest Industries (NAFI).
18 May 2009

pdf document Great Southern Appoints Voluntary Administrators
It is with great regret we inform you that the Directors of Great Southern Limited and Great Southern Managers Australia Limited have appointed Martin Jones, Darren Weaver, Andrew Saker and James Stewart of Ferrier Hodgson as joint and several administrators of the companies and the majority of its subsidiaries
18 May 2009

For further information you can also go to www.great-southern.com.au

Other Related Updates
pdf document Almond Investors
pdf document Gunns Plantations

pdf document Macquarie Agribusiness
pdf document Rewards Group
pdf document Willmott Forests
FEA's Business Model
Hot off the Press - FEA has just release its NEW Value Chain DVD which highlights FEA's Business Model as a Fully Vertically Integrated Forestry and Forest Products Company. It's a short must see DVD. Just click on the link below and it will play the DVD directly from the Website.

www.fealtd.com/_imageLibrary/File/FEA-VALUE-CHAIN.wmv

Note:- If you can't run the DVD from the link it can be found on the FEA home page at www.fealtd.com and click on the FEA Value Chain Link
28 April 2009

pdf document Timbercorp Appoints Voluntary Administrators
Mr Mark Korda and Ms Leanne Chesser were today appointed voluntary administrators of Timbercorp Limited (ASX: TIM). Timbercorp is one of Australia’s largest agribusiness companies, managing approximately 120,000 hectares of large scale forestry and horticulture assets. Timbercorp has invested more than $2 billion in agribusiness projects on behalf of 18,500 investors since 1992.

Mr Korda said the company had been hurt by the combined impact of declining global asset values, tightening credit, the economic downturn and drought. Mr Korda said the administrators would implement a three point plan....
23 April 2009

Frequently Asked Questions – Grower Investors
Frequently Asked Questions – Shareholders

Other Related Updates
pdf document AACL (Macro Funds)
pdf document Almond Investors
pdf document Forest Enterprises Australia Limited (FEA)
pdf document Great Southern
pdf document ITC Limited
pdf document Macquarie Agribusiness
pdf document TFS Corporation
pdf document Willmott Forests


pdf document Timbercorp will stand out of the MIS market in 2009
Turning to MIS, shareholders will be aware that in February 2007 the Australian Taxation Office revised its interpretation of the laws relating to non-forestry managed investment schemes. The MIS companies challenged the decision through a test case that was heard by the full bench of the Federal Court of Australia. On December 19 the Court handed down a unanimous decision in favour of industry.

The ATO has chosen not to appeal against the decision and they now accept the deductibility of project costs for non forestry managed investment schemes.

Timbercorp welcomes this announcement as it is consistent with their long held position and the generally held interpretation of the law that has applied for decades.

Despite this decision, Timbercorp will stand out of the MIS market in 2009 as previously announced. Timbercorp will consider MIS in future years as part of the strategic review process.
27 Feb 2009

pdf document Macquarie Funds Group - Economic Commentary Jan 2009
We are pleased to present the latest monthly economic commentary prepared by Lewis South, Chief Economist for Macquarie Funds Group.
Data confirmed an intensification in the contraction in activity in the G7 economies at the end of 2008;
Global bond yields rose significantly on concerns over increased supply of bonds to fund fiscal rescue packages. Downgrades to sovereign debt ratings in some European economies weighed on bonds in the region;
Australian bonds outperformed their global counterparts as the market priced in further aggressive easing by the RBA;
Equities weakened further on concerns over the economic backdrop and uncertainty over the make-up of a potential US Government rescue of financial institutions;
The US$ strengthened on a continued flight to quality and narrowing interest rate differentials. The A$ weakened on global growth concerns.
Feb 2009       pdf documentDec 08   pdf documentNov 08
pdf document The full Federal Court of Australia rules that contributions to non-forestry MIS can be treated as tax deductible.
With the Federal Court recently ruling on the test case, uncertainty surrounding the tax treatment of horticultural or non-forestry registered managed investment schemes (MIS) has been resolved. This is a welcome outcome for both the industry and investors alike.

The ATO has subsequently confirmed this decision stating in a media release that investments in MIS arrangements which are broadly similar to the test case are deductible. The ATO is now working to finalise product rulings for 2009 projects.
Dec 200
8
pdf document AAG: Agribusiness MIS Industry Report Of Funds Raised
The 2007/08 financial year was once again a year of uncertainty for the MIS industry, particularly the non-timber sector. However, the industry as a whole performed very well in terms of capital raised.
July 2008

IMPORTANT NOTICE
From 12 December 2007, the ‘Know Your Client’ (KYC) requirements of the Anti-Money Laundering and Counter Terrorism Financing Act (AML/CTF Act) require designated service providers (which includes financial advisers and product providers) to collect and verify clients’ identification (ID) information.

The purpose of the AML/CTF Act is to monitor financial transactions and to capture client information in a way that will help detect and prevent money laundering and terrorism financing.

At this stage there is no consistent policy in place for the fund management industry. Some fund managers may not accept any new business without the investor's identity being verified, whilst others are using a transition period to implement the new regulations. As a result additional identification documents may need to be provided with investment applications. Investors should check the instructions for completing application forms and any identity document requirements provided in the product disclosure statement.

The complete AML/CTF form for individuals can be downloaded by here.
Dec 2007
ASIC takes action and warns against non-compliant offshore investments
ASIC has issued a warning to Australian investors about investing in offshore financial products that do not comply with local requirements. The warning follows recent advertisements by a New Zealand company, Asset Finance Ltd, in the Australian press offering investment opportunities with returns in the range of 9.75 to 12 per cent per annum for debenture stocks....
Oct 2007

The biggest reform to Australian superannuation ever. Starts 01 July, 2007
The Australian Government has introduced the biggest reform to superannuation ever. From 1 July 2007, the Better Super changes will give Australians the opportunity to improve their lifestyle in retirement. The reforms will ensure.....
Aug 2007

pdf document Property Update - How to profit from a property upturn, without owning a property
If you want to take advantage of a possible recovery in the NSW housing market, yet the thought of taking out a crippling housing investment loan has been stopping you, there just might be another way forward worth considering.
ASX listed property developers are increasingly becoming a rare breed with many transforming their businesses into property trusts and fund managers. Very few remain that focus exclusively on property development.
Aug 2007

pdf document Market Overview - The Australian Abalone Industry
Australian abalone fisheries are managed by quota systems, and have been described as one of the last sustainable wild abalone fisheries in the world. The development of abalone aquaculture in Australia has trended towards the development of land based systems to allow total control over growing systems compared to conventional sea based systems that are more potentially subject to climatic extremes.
Nov 2006

pdf document Market Overview - The Australian Almond Industry
Australia is very well suited to the production of almonds with Australian almonds regarded highly overseas. This is due primarily to the large size, flavour, light colour and consistent quality of nut produced.
Feb 2007

pdf document Market Overview - The Australian Avocado Industry
In Australia, there are more than 70 avocado varieties of which Hass, Reed, Sharwill, Fuerte, Shepard and Wurtz dominate. The majority of avocados produced in Australia are sold as a fresh whole fruit, with the balance used as pulped avocado and avocado oil.
Nov 200
6
pdf document Market Overview - The Australian Beef Cattle Industry
Beef and Veal continued to be Australia’s most important agricultural commodity with a gross value of production of more than $7.4 billion in 2005/06. Around 2/3 of the beef produced in Australia is sold on international markets.
Jan 2007

pdf document Market Overview - The Australian Chicken Meat Industry
Unlike most other rural industries in Australia, the chicken meat industry is dominated by a handful of large, vertically integrated companies which own almost all aspects of production including breeding farms, hatcheries, feed mills and processing plants. Three of these companies – Inghams Enterprise, Bartter Enterprises and Baiada – operate in at least three states each and supply about 80% of Australia’s broiler chickens.
Nov 200
6
pdf document Market Overview - The Australian Citrus Fruit Industry
The introduction of citrus plants into Australia with the First Fleet in 1788 formed the foundation of today’s national citrus industry. Australia’s diverse climate is ideal for the production of a large range of quality citrus varieties including oranges, mandarins, lemons, limes and grapefruit. Citrus is Australia’s second largest horticultural industry, covering approximately 30,000 ha across Australia. Citrus is Australia’s largest fresh fruit exporting industry.
Jan 2007

pdf document Market Overview - The Australian Dairy Industry
The Australian dairy industry is one of the most competitive and efficient dairy industries in the world. In 2005/06 there were 8,844 dairy farms producing about 10 billion litres of milk each year from a herd of just less than 2 million milking cows.
May 2007

pdf document Market Overview - The Australian Lamb Industry
Lamb meat production is often taken in conjunction with wool production and is consequently influenced by factors affecting the wool industry. Historically wool production has been the driver behind the Australian sheep industry; however meat production is becoming an increasingly significant driver of developments within the industry.
Jan 2007

pdf document Market Overview - The Australian Mango Industry
The mango originated in North Eastern India and Burma, where it was one of the first fruits to be cultivated by man. Today, mangoes (Mangifera indica) are the second largest tropical fruit crop in the world, second only to bananas by total volume grown. The fruit also has cultural and religious significance in several countries, including India where designs of the fruit are found in Buddhist and Hindu temples.
Dec 200
6
pdf document Market Overview - The Australian Olive Industry
There is masses of evidence to suggest that the olive has many associated health benefits, as well as a being a source of mono-saturated fat. Olives are also a source of antioxidants helping to protect against damage from free radicals and the formation of cancers. They are also said to help lower blood pressure, preventing or delaying the onset of diabetes and bolster the immune system. Consuming olive oil has also been linked to averting osteoporosis and memory loss and has also been found to prevent the skin from ageing.
Nov 2006

pdf document Market Overview - The Australian Sandalwood Industry
Sandalwood timber is a generic term for the Santalum genus, of which 29 tropical and sub-tropical species are known across the world. Six species of Sandalwood grow naturally throughout Australia and of these only Western Australian Sandalwood (Santalum spicatum), that is native to Western Australia and to a minor degree it’s closely related North Queensland species Bush Plum (S. lanceolatum) are grown for commercial use.
Nov 200
6
pdf document Market Overview - The Australian Softwood Plantation Industry
With few types of softwood native to Australia, the majority of Australia’s softwoods are imported tree species grown in plantations across all states. Softwoods generally come from coniferous and needle-leaved trees, with the term ‘softwood’ referring to the botanical classification, not the actual hardness of the wood.
May 200
7
pdf document Market Overview - The Australian Strawberry Industry
The Australian strawberry industry has grown steadily over the previous five years and according to the Victorian Strawberry Industry the outlook remains optimistic. Currently there are 40,000 tonnes produced annually, with a total value of $200 million.
Oct 200
6
pdf document Market Overview - The Australian Teak Industry
Teak (Tectona grandis) has been used for around 2000 years throughout the world due to its attractive, strong, durable, minimal shrinkage, easily workable and relatively light weight properties. Teak is a sought after tropical hardwood used for shipbuilding, furniture, flooring, panelling and fixtures and is commonly considered to be the world’s most versatile, durable and valuable hardwood.
Jan 200
7
pdf document Market Overview - The Australian Truffle Industry
French black truffles are considered one the great foods of the world. The French black truffle is a fruiting body of the fungus Tuber melanosporum. This fungus forms a symbiotic relationship with the roots of oak and hazel trees. Truffles are found just below the soil surface to a depth of 20cm and vary in size from 2cm in diameter to the size of a grapefruit. Specially trained dogs (and pigs) are used to search for the truffles. The edible portion, or truffle, is harvested in winter once it has matured.
Oct 200
6
pdf document Market Overview - The Australian Walnut Industry
Ideally suited to a Mediterranean-type climate, walnuts will grow in many parts of southern Australia. In addition to this, Australia has the advantage of fewer walnut pests and diseases and cleaner air and water than other producing countries. Walnuts require a cold period of between 600 and 800 hours below 10C during winter and a frost free period during flowering.
Mar 200
7
pdf document Market Overview - The Australian Wine and Wine Grape Industry
Australia has been described as the perfect wine producing country. The first grapevines arrived in Australia with European settlement in 1788, with the establishment of the first commercial vineyard not long after. As settlement spread throughout the country during the 19th century so to did plantings of grapevines.
Jan 2007

Federal Government listens to Industry - Secondary Market to be introduced
The latest Federal Government Budget included a welcome announcement regarding the introduction of a secondary market for forestry managed investment schemes (forestry MIS).

From 1 July 2007 investors in forestry MIS will be able to trade their interests once they have been held by the initial investor for a period of at least four years.  The four year restriction will apply only to the initial investors in a scheme and will be applicable to interests in pre-existing schemes, meaning that growers who invested in a forestry MIS project prior to 1 July 2003 will be able to trade their interests from 1 July 2007.

Read the full announcement from Senator the Hon Eric Abetz.
08/05/2007


Extension welcomed for agribusiness managed investment schemes
The Australian Tax Office (ATO) has announced it will defer the implementation of its reconsidered view of the tax treatment relating to agricultural managed investment schemes until 1 July 2008.

Importantly,
All 2007 Projects will continue to be deductible for the life of the Project under existing product rulings
The ATO will continue to issue product rulings for investments in agribusiness managed investment schemes until 1 July 2008 i.e. 2008 Projects.
27/03/2007

pdf document Australian Paulownia Industry
Independent Research house, Adviser Edge, has completed research on the Australian Paulownia Industry. The report highlights exciting and positive facts about the timber and its potential markets.
February 2006


Budget tax changes:
A strategic timing opportunity for agribusiness!
The May budget this year has created strategic timing opportunities for Australian investors to make the most of significant tax changes that will be introduced on 01 July 2006.

The most profound effect will be for tax payers in the $95,000 or more categories who currently pay some 47% tax (plus Medicare) on every dollar over the threshold. From 01 July an income earner will have to earn an additional 58% MORE income to be included in the top tax bracket, which in itself has been reduced to 45% and starts at the massive $150,001.

The Australian Financial Review reported that just ‘the Top 2% of wage earners, those who earn over $150,000 a year, will pay the new top marginal rate of 45c in every dollar'.

The implication for potential agribusiness growers is to optimise their investment positions prior to 30 June to make good use of the available tax deductions afforded to Growers in the various projects prior to 30 June as when the income is received in future years the Grower most likely will be in a lower tax bracket, simply due to legislative change!
May 2006

pdf document Manager Ratings
AAG’s recently released Manager Ratings have created some positive media attention recently...
01/05/2006 media release

pdf document Market Overview - The Australian Almond Industry
Almond yields per hectare in Australia are substantially higher than the world average and despite the dry conditions experienced in Australia recently, there has been no noticeable decline in yields. Australia produces 10,000 tonnes of almonds annually, which comprises approximately 1.0% of global production, which in 2004 consisted of 1.55 million tonnes shelled. Because of this, Australia plays a small role in the world almond market.
Jan 200
6