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| Rebate Offer |
8.0% (80%) |
| Minimum Initial Investment |
$4,950 (Incl GST) |
| Expected Close Date |
CLOSED |
| Description |
The ITC Hardwood Project is a managed investment scheme with two plantation options of high value timber and/or pulpwood planted in various locations across Australia. |
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The ITC Hardwood Project 2008 is an opportunity to become a grower of either or both:
- High Value Timber (20 year term) Plantings of Tasmanian Blue Gum, Spotted Gum, red Mahogany and Gympie Messmate
- Pulpwood (10 year term) Tasmanian Blue Gum though other pulpwood species may be planted if they are suitable to the planting sites.
Depending on the option you select, the location of your allocated units will vary:
- High Value Timber option - predominantly in the Albany region of Western Australia (Tasmanian Blue Gum and Spotted Gum) or in coastal north Queensland (Red Mahogany and Gympie Messmate).
- Pulpwood - predominantly located in the Albany or Esperance regions in Western Australia or the Green Triangle Region of SW Victoria and SE South Australia. Minor plantings may also occur in coastal sub-tropical Queensland. ITC Limited will select the most suitable specie to plant for the location.
The ITC Hardwood Project 2008 is supported by an ATO Product Ruling for 100% tax deductibility and harvest income can be expected in years 7, 9, 10, 14, 15 18 and 20. Only a single, upfront payment is required for investment with no annual lease or management fees.
Lonsec has awarded the Pulpwood Option a rating of "Recommended".
To comply with the Anti-Money Laundering and Counter-Terrorism Financing Act, agribusiness fund managers are now requiring that certified identification documents are provided by investors with applications. To avoid delays in processing your investment, please include identification forms and a certified copy of your ID with your application. more info |
| Fee Disclosure | | 2020 DIRECTINVEST will rebate 8.0% of the 10.0% upfront commission on investments in the ITC Hardwood Project 2008 in the form of a cheque. 2020 DIRECTINVEST will retain 2.0% to cover the costs of marketing, postage & handling and administration of this fund. No trailing commission is paid on the ITC Hardwood Project 2008. |
 ATO Ruling - High Value Timber | | ATO Ruling - Pulpwood | | Adviser Edge Independent Research Report | | AAG Independent Research Report | | Finance Application |
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| Risk Advice | Not sure about the right level of risk cover? Life insurance advice with commission rebates. more info
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| ITC Hardwood Project | Access the ITC Hardwood Project 2008 and other latest offer agribusiness projects through 2020 DIRECTINVEST.
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