The Macquarie Forestry Investment 2008 provides you with the opportunity to invest in Australian plantation forestry with an experienced investment manager. By investing with Macquarie, you will receive the benefit of the comprehensive risk management and operational framework of the Macquarie Group and a long term commitment to managing their investment.
With the Macquarie Forestry Investment 2008, investors have the choice of investing in land as well as trees. The value of the land may reduce the overall risk of investing by providing an additional source of income at maturity.
Update to the PDS
On page B-1 of the Macquarie Forestry Investment 2008 PDS dated 8 May 2008, the first bullet point under the heading "Interest of Investors" should be changed from "the right to obtain a Licence in respect of a Plantation Lot of one hectare" to read "the right to obtain a Licence in respect of a Plantation Lot of one quarter of a hectare." This error has been corrected in the copy of the PDS available on this webpage.
Potential investor benefits
|
• |
The ability to invest in trees and land. |
|
• |
Portfolio diversification. |
|
• |
100% tax deduction for your clients investment in the Tree Project*. |
|
• |
Pre-sale of investor's timber. |
|
• |
A team of industry experts dedicated to managing all aspects of the investment. |
|
• |
A range of finance options available to help fund the investment**. |
|
• |
A commitment to promote the ecologically sustainable development of forestry plantations. |
|
At a glance
|
|
The Tree Project |
The Land Trust |
|
Minimum investment |
Four interests (one hectare of land) |
Four units (one hectare of land) |
|
Application price |
$2,200 (excl GST) per interest
Minimum investment: $8,800 (excl GST) |
$500 per unit
Minimum investment: $2,000 |
|
Investment term |
Approximately 11.5 years |
Approximately 11.5 years |
|
Potential returns |
Returns from the sale of woodchips |
Income from the lease and sale of land |
|
Fees and expenses |
No ongoing fees payable prior to the harvest
of the trees^ |
No ongoing fees^^ |
|
Financing options
You have the option to borrow up to 100% of your application amount (subject to approval) with the potential to receive a tax deduction for
your interest payments. Indicative interest rates and payment options are outlined below. Please see the PDS for more details.
|
Term |
Repayment type |
Indicative interest rate*** |
|
1 year |
Principal only |
0% |
|
5 years |
Principal and interest |
11.80% p.a. |
|
7 years |
Principal and interest |
11.95% p.a. |
* ATO Product Ruling PR 2008/38 ("the Product Ruling") has been issued to confirm the tax treatment for eligible investors who invest in the Macquarie Eucalypt Project 2008 ARSN 129 126 683 ("Tree Project") on or before 30 June 2008. You should note that the Product Ruling will only apply to investors who insure their trees. The Product Ruling 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 an investment in the Tree Project or the soundness or otherwise of the Tree Project as an investment, or the reasonableness or commerciality of any fees charged in connection with the Tree Project. The Product Ruling is only binding on the Commissioner if the Tree Project is implemented in the specific manner provided in the Product Ruling. See Section 8 ‘Tax Treatment’ of the PDS for details. The Product Ruling does not rule on the tax consequences of investing in the Macquarie Timber Land Trust 2008 ARSN 129 130 847 ("Land Trust").
** The loans are offered by Macquarie Acceptances Limited (ABN 30 008 594 885) and are subject to approval. You do not have to borrow to fund
your investment. Investors can use their own funds or other loan funds.
^Insurance is required for investors who take out a loan with Macquarie for more than one year or investors who wish to rely on Product Ruling 2008/38. MAAML may offer to arrange insurance against fire and other insurable risks.
^^ Until the application price is applied towards the purchase of the land, it will be held in an interest bearing deposit account. A management fee equal to the lesser of $80 per unit or the interest earned on amounts held will be paid to MFPML.
*** These rates are indicative only. The actual interest rate applied to an Investment Loan will be the rate indicated on
Macquarie's webpage on the date on which an investors loan is approved.
This information has been prepared by Macquarie Alternative Assets Management Limited ABN 30 103 237 181, AFSL 225758, (MAAML) and Macquarie Financial Products Management Limited ABN 38 095 135 694, AFSL 237847, (MFPML) and is current as at 8 May 2008.
An invitation to apply for interests in the Macquarie Eucalypt Project 2008 ARSN 129 126 683 (Tree Project) is made by MAAML and an invitation to apply for units in the Macquarie Timber Land Trust 2008 ARSN 129 130 847 (Land Trust) is made by MFPML (together the Macquarie Forestry Investment 2008) in the Product Disclosure Statement dated 8 May 2008 (PDS). The PDS is available
above. In deciding whether to acquire or continue to hold an investment in the Macquarie Forestry Investment 2008, an investor should obtain the PDS and consider its contents.
This information has been prepared by MAAML in relation to the Tree Project and MFPML in relation to the Land Trust and is general information only. It does not take account of your objectives, financial situation or needs. Before acting on this general information, you should therefore consider the appropriateness of the information having regard to your personal circumstances.
The Macquarie group recommends you 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 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.
The loans are offered by Macquarie Acceptances Limited ABN 30 008 594 885 and are subject to approval.
Any Macquarie Group entity noted on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). That entity's obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless otherwise noted.
|
