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Macquarie Almond Investment 2009 |
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Cash Rebate |
8.25% |
|
Closing Date |
CLOSED |
| Minimum
Investment |
$6,818 (ex
GST) |
| Term of Project |
Approximately 23 years |
|
Research |
AAG |
 |
| |
Lonsec |
 |
|
ATO Product Ruling |
2009/9 |
Project performance
With this year's harvest
expected to exceed yield expectations*
you can be confident that you are investing with a management team that is
performing. View a video update,
click here.
Macquarie Almond Investment
2009
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The Macquarie Almond Investment 2009 represents an
investment opportunity which can provide
diversification in your portfolio plus the potential
for annual harvest income; a key requirement for
many investors
in the current economic environment. Macquarie has
been managing retail agribusiness investments since
2003. You can feel confident that you are investing
with an experienced manager with a long term
commitment to managing your investment.
Investment overview
The Macquarie
Almond Investment 2009 provides you with an
opportunity to carry on a business of cultivating,
harvesting and selling almonds for commercial gain.
Your business will be on a large scale, commercial
almond orchard in the Sunraysia district of
Victoria, Australia. As part of the orchard has
already been established, at least 40% of your
investment will consist of one year old trees.
Key benefits of investing
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Portfolio
diversification -
agribusiness can help to
provide diversification in
your portfolio.1 |
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Annual
harvest - almonds are an
annual crop and the
investment is expected to
produce its first harvest in
year two, which means you
have the potential to begin
earning annual harvest
income shortly after your
investment. |
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• |
Risk
management - the
investment seeks to maximise
returns and is designed to
manage risk through a
combination of competitive
upfront costs and an ongoing
fee structure which (in
part) varies with returns,
so you pay less when returns
are lower. |
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Investment Loan available
- to finance up to 100% of
the application amount and
subsequent payments up to 30
October 2010.2 |
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Tax
certainty - potential
100% tax deduction for
eligible investors for all
project costs.3 |
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Supporting rural Australia
- investors will be making
an investment in rural
Australia which will create
employment opportunities and
support the local rural
economy. |
Why
invest with Macquarie?
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Stability -
Macquarie Agribusiness is
part of the Macquarie Group
- a large diversified
financial institution and
provides a long term
commitment to managing your
investment. By investing in
the Macquarie Almond
Investment 2009 you will
receive the benefit of the
comprehensive risk
management and operational
framework of the Macquarie
Group. |
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Track record
- the first harvest is
currently underway at the
orchard and we are pleased
to report that yields are
expected to exceed targets*.
These results highlight the
consistent and professional
management of our projects.
Performance against
estimates is a significant
measure when assessing the
reliability of a project. It
should be noted that the
harvest is not yet complete. |
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Expert team
- we have an expert team
with over 40 years’ combined
experience in managing
horticultural projects. |
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Experience -
Macquarie Agribusiness has
been managing retail
agribusiness investments
since 2003 and has
successfully established and
managed a large scale,
commercial almond orchard
during that time. As a
group, Macquarie has
serviced clients around the
globe in the agricultural
sector for more than 15
years. We now have
approximately $1 billion in
funds managed or committed
across forestry, almonds,
viticulture, dairy and
pastoral businesses. Our
team is 150 strong and
manages more than 3 million
hectares of land. |
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*As set out in the product disclosure statement dated 2 March 2006 for the Macquarie
Almond Investment 2006. |
Why invest in Almonds?
Almonds are a versatile nut with a number of well documented health
benefits and are used as an ingredient in a wide variety of foods.
Globally, consumption has more than doubled over the past decade. The
Australian industry is well positioned to take advantage of this growing
demand; enjoying a more reliable climate than other producing countries,
producing nuts of a consistent and higher quality and benefiting from
counter seasonal advantages. The Australian almond industry is the
fastest growing almond industry in the world.4
Water supply
The water for the orchard is sourced directly from the Murray river and
Macquarie has purchased high-security water licences to use this water.
A 400 mega litre dam is also operational at the orchard. A
state-of-the-art irrigation system is used to supply water to the almond
trees. The drip irrigation system accurately places water and nutrients
to the trees, which minimises run-off into waterways. This innovative
system has enabled us to reduce water usage by up to 50% in some cases.
How the investment works
As an investor you will grow, harvest and sell almonds with expert
support at all stages of the process. For each almond lot invested in,
you will be granted a licence to access and use ¼ hectare of land and
have rights to use the orchard assets.
|
Establishment |
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Small seedlings are planted and almond budwood
grafted on to the trees. |
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Growing |
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Once the trees are planted they will be managed
by our expert team including training and
pruning, weed spraying, supply of water and
fertilisation, and management of irrigation infrastructure.
During the second year, bees will be introduced for pollination
and the trees should begin to bear commercial quantities of
almonds. Trees should reach full maturity after approximately
six to seven years from planting. |
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Harvest |
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The first harvest will take place in year two
and annually thereafter. |
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Processing and sale |
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Almondco has been engaged to process and sell
the almonds giving you comfort that even
before the trees have been planted, agreements
will be signed for the purchase of your almonds. Almondco is a
long established processor and marketer of almonds. |
Financing options
You have the option to borrow up to 100% of the
application amount (subject to approval) with the potential to receive a
tax deduction for your interest payments. The interest rates below are
indicative.
|
Loan term |
Repayment type |
Indicative
interest rate5 |
Repayment |
Loan establishment
fee |
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1 year |
Principal only |
0% |
12 equal monthly instalments |
1.00% of the loan amount6 |
|
5 years |
Principal and interest |
8.95% p.a. |
Monthly instalments7 |
Nil |
|
7 years |
Principal and interest |
8.99% p.a. |
Monthly instalments7 |
Nil |
Who may be interested in this investment?
Investors who:
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are looking to diversify their investment
portfolio; |
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want potential for annual harvest income —
possible after
year two; |
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have adequate cashflow to meet ongoing payment
obligations; |
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are looking for potentially tax efficient
investment solutions8; |
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want the potential to earn income outside
superannuation; |
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have a long term investment horizon; |
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have reliable income stream but limited upfront
capital (if borrowing to invest); |
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would like to share the investment with a
non-working spouse or SMSF. |
Risks
As with any investment there are risks to be considered, and as this is
a long term agricultural investment, many variables may affect the
performance of the investment. As well as general investment risks,
risks specific to the project include demand and price risk, foreign
exchange risk and agricultural risks resulting in loss of crops or trees
such as pests, frost, water availability and drought and fire. The risks
are set out in the Product Disclosure Statement and investors should
read this document and obtain their own financial, legal and tax advice.
Making an application:
|
Minimum investment |
$7,500
per Interest |
|
Amounts payable in 2009 |
The fees below are applicable for
the first year of the project only.
Additional annual fees apply
to subsequent years including variable costs. |
|
Payable |
Amount per interest
(incl GST) |
Tax deductible8 |
Can be financed |
On application
(on or before 15 June
2009) |
$7,500 |
Yes – 100% |
Yes — up to 100% |
|
31 October 2009 |
$1,800 |
Yes – 100% |
Yes — up to 100% |
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31 October 2010 |
$2,500 |
Yes – 100% |
Yes — up to 100% |
|
1 Past
performance is not a reliable indicator of future performance.
2 Subject to the lender’s normal lending criteria. See
Section 9 ‘Investment Loan’ of the Product Disclosure Statement (PDS).
3 If the conditions in the Product Ruling are met. See Section
8 ‘Tax Treatment’ of the PDS for details. The Product Ruling 2009/9 is
only a ruling on the application of taxation law and is in no way
expressly or impliedly a guarantee or endorsement of the commercial
viability of the Macquarie Almond Investment 2009 or the soundness or
otherwise of the Macquarie Almond Investment 2009 as an investment, or
of the reasonableness or commerciality of any fees charged in connection
with the Macquarie Almond Investment 2009. The Product Ruling is only
binding on the Commissioner if the Macquarie Almond Investment 2009 is
implemented in the specific manner provided in the Product Ruling and
the circumstances of investors are as described in the Product Ruling.
You can view a copy of the Product Ruling above.
4 On a percentage basis.
5 These interest rates are indicative only. The actual
interest rate applied to an investment loan will be the rate indicated
at
www.macquarie.com.au/almonds on the day on which the loan is
approved.
6 Your Loan Establishment Fee will be included in your
Investment Loan amount.
7 The monthly repayment instalments for each drawdown
shall be in equal amounts over the term or in such other amounts for
each month as Macquarie notifies the investor in writing. The allocation
of monthly payments between principal and interest will be as determined
by Macquarie and notified to the Investor from time to time.
8 If the conditions in the Product Ruling are met. See
Section 8 ‘Tax Treatment’ of the PDS for details. The Product Ruling
2009/9 is only a ruling on the application of taxation law and is in no
way expressly or impliedly a guarantee or endorsement of the commercial
viability of the Macquarie Almond Investment 2009 or the soundness or
otherwise of the Macquarie Almond Investment 2009 as an investment, or
of the reasonableness or commerciality of any fees charged in connection
with the Macquarie Almond Investment 2009. The Product Ruling is only
binding on the Commissioner if the Macquarie Almond Investment 2009 is
implemented in the specific manner provided in the Product Ruling and
the circumstances of investors are as described in the Product Ruling.
You can view a copy of the Product Ruling above.
IMPORTANT INFORMATION
This information has been prepared by Macquarie Alternative Assets
Management Limited ABN 30 103 237 181, AFSL 225758, (“MAAML”) and is
current as at 2 April 2009.
An invitation to apply for interests in the Macquarie Almond Investment
2009 is made by MAAML in the Product Disclosure Statement dated on or
around 6 April 2009 (PDS). The PDS is available above. In deciding
whether to acquire or continue to hold an investment in the Macquarie
Almond Investment 2009, investors should obtain the PDS and consider its
contents.
The loans are offered by Macquarie Bank Limited ABN 46 008 583 542 and
are subject to approvals.
This information is prepared by MAAML is general information and does
not take account of any investor’s objectives, financial situation or
needs. Before acting on this general information, investors should
therefore consider the appropriateness of the information having regard
to their situation. We recommend investors obtain financial, legal and
taxation advice before making any financial investment decision.
The Macquarie group does not give, nor does it purport to give, any
taxation advice. The taxation discussion in this document is based on
laws current at the time of writing. Those laws and the level of
taxation may change. The application of taxation laws to each investor
depends on that investor’s individual circumstances. Accordingly,
investors should seek independent professional advice on taxation
implications before making any investment decisions.
MAAML or its associates, officers or employees may have interests in the
financial products referred to in this information by acting in various
roles including as investment adviser, broker, or lender. MAAML or its
associates may receive fees, brokerage or commissions for acting in
these capacities. In addition, MAAML or its associates, officers or
employees may buy or sell the financial products as principal or agent.
Investors may contact MAAML on 1800 617 900.
Investments in the Macquarie Almond Investment 2009 are not deposits
with, or other liabilities of, Macquarie Bank Limited ABN 46 008 583 542
or of any Macquarie Group company, and are subject to investment risk,
including possible delays in repayment and loss of income or principal
invested. None of Macquarie Bank Limited, MAAML or other member
companies of the Macquarie Group of companies guarantees any particular
rate of return, the performance of, or the repayment of capital from
this managed investment scheme. |
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Simply download an Investment
Brochure/PDS above. It’s that easy!
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