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| Rebate Offer |
8.0% (80%) |
| Minimum Initial Investment |
$4,500 (no GST) |
| Expected Close Date |
CLOSED |
| Description |
The ITC Sandalwood Project is a forestry investment scheme, allowing investors to grow both Australian and Indian sandalwood, two of the most sought after sandalwood species in the world. |
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The ITC Sandalwood Project 2009 represents an opportunity to grow two closely related species of sandalwood: Australian Sandalwood and Indian Sandalwood for the principal purpose of extraction of essential oils.
- Australian Sandalwood: is native to Western Australia and South Australia but supply is limited. The primary end use is for perfumes, joss sticks and incense.
- Indian Sandalwood: highly regarded for its quality oils but is also in limited supply. Native to India and Indonesia, there are significant establishments of the species at Kununurra in WA. The primary end use is for high end perfumes, in religious ceremonies and for soaps.
ITC have engaged ITCPM (ITC Project Management) to establish, grow, harvest and market your forestry plantation. The Australian Sandalwood plantations will be established in south-west Western Australia. Indian Sandalwood plantations will be located in far north Queensland and/or in the Ord River Irrigation Area in northern Western Australia.
Both species of sandalwood are rely on other trees or hosts to meet their water and nutrient needs. Each specie will be planted with a range of hosts selected to complement and improve the growth of the sandalwood. The Australian Sandalwood will be thinned in the first year after planting to aproximately 600 stems per hectare. The Indian Sandalwood will be planted to reach approximately 500 stems per hectare and will not be thinned. If any seedlings did not survive in the planting season following establishment, ITCPM will at its expense replant in these areas so that sufficient trees are establishd for a viable plantation.
Multiple cash flow is provided throughout the life of the project; harvesting can be expected from Australian Sandalwood between 10 and 18 years after planting and Indian Sandalwood approximately 15 years after planting. Harvested plants will be marketed on a pooled basis and your proceeds will be received after payment of ITC's Deferred Management Fee.
| ITC Sandalwood Project 2009 |
Indian Sandalwood |
Australian Sandalwood |
| Area per interest |
0.05 hectare |
0.45 hectare |
| Income years |
15 |
10, 14, & 18 |
| Species |
Santalum album |
Santalum spicatum |
| Term |
18 years |
| Deferred Management Fee |
22.5% |
The ITC Sandalwood Project 2009 compromise of a single upfront payment of $4,500 per unit (plus any GST that may be payable) with no annual lease or management fees. By utilising a Deferred Management Fee model, ITC has aligned their interests with the growers. The project is an opportunity to participate in a diversified investment with an interest in two species of sandalwood in two geographic locations.
Managed investment scheme forestry projects can now be developed and offered under a number of different structures. ITC Limited has chosen to offer a different structure to 'traditional' MIS projects for their 2009 projects. For more information, please download the Factsheet below.
| Fee Disclosure | | 2020 DIRECTINVEST will rebate 8.0% of the 10.0% upfront commission on investments in the ITC Sandalwood Project 2009 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 Sandalwood Project 2009. |
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