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Australian Bight Abalone 2009 Project |
|
Cash Rebate |
7.00% |
|
Closing Date |
DID NOT
PROCEED |
| Minimum
Investment |
$12,570.00 (ex
GST) |
| Term of Project |
7 years |
|
Research |
|
Adviser Edge |
 |
|
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|
Zenith |
Recommended |
|
ATO Product Ruling |
2009/22 |
Australian Bight Abalone Project 2009
Following on from their most successful year in
2008, and hot on the heels of their first project
harvest (2005) Australian Bight Abalone offer you a
preview of their 2009 project. There have been a
number of changes that will make it easier to put
the project into a portfolio whilst, retaining the
option to pay or defer ‘Cage Rental Fees’ to be
offset against harvest proceeds:
|
Project Structure |
|
Term Of
Project |
7 years |
|
Initial
Cost Per Interest |
$
13,827 (incl GST) |
|
Ongoing Fees – per interest (indexed to
inflation): |
|
Management Fees |
$1,760 pa (incl GST) |
|
Cage Rental |
$1,018 pa (incl GST) |
|
Harvest Fees |
$2,420 (incl GST) - 1st
harvest
$3,097 (incl GST) - 2nd, 3rd & 4th
harvests |
|
Reseeding &
Settling |
$1,898 (incl GST) - after
1st & 2nd harvests |
|
Expected Income |
Four distributions over life of project (7years)
Years 2, 3, 5, & 7 |
|
Tax Deductibility |
94% of initial cost, balance available in year 7.
ATO product ruling applied for |
|
Expected IRR |
13.97% to 14.68% (before tax) |
|
Investor Finance |
To be advised |
|
Research |
2 research reports – Adviser Edge & AAG (April 2009) |
|
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Product Disclosure Statement - PDS |
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|
Supplementary PDS 12Jun09 |
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PDS Summary |
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|
2009 Project Launch |
|
|
Australian
Bight Abalone
Report
No. 1 2009 |
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Cashflow Calculator |
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