About ITC

The ITC Group has successfully promoted 36 managed investment schemes since 1992. Total subscriptions exceed $380 million. Asset value exceeds $550 million. A recognised leader in plantation site selection, genetics and forestry management systems, ITC is Australia’s largest hardwood plantation manager with approximately 120,000 hectares under management. Following the merger with Neville Smith Group (Australia’s largest hardwood timber processor) during 2004, ITC is now a leader in both plantation forestry and timber processing, and well positioned for future growth. ASX-listed in March 2004, the ITC Group is strongly supported by majority shareholder, Futuris Corporation Limited (market capitalisation $1.5 billion), and is financially sound with low external debt and net assets of $218m.

 

With this product you get to choose to invest in one or both the Pulpwood and Sandalwood projects. The investment is $3,300 per plantation unit with a minimum initial investment of 2 plantation units.

 

Pulpwood Project(CLOSED)

This will produce pulpwood for the fine paper industry with harvest 10 years from planting.

 

Sandalwood Project

Sandalwood is highly prized for its fine grade timber and aromatic oil. This project will see harvest occur 15 years after initial planting. 

 

Investment Payment Options

You are able to invest in this project using cash, or you can access the 100% finance option. The various options are shown in the table below:

		Sandalwood Project
Application Fee per plantation		$3,300
Amount of Harvest Proceeds earned from payment of Primary Services fee		55% of GST inclusive Harvest Proceeds
Management Services Fee Amount deferred and deducted from Harvest Proceeds		20% of GST inclusive Harvest Proceeds
OR amount Growers may choose to pay (payable each 31 May, commencing 2006)		$77
Land Fee Amount deferred and deducted from Harvest Proceeds		25% of GST inclusive Harvest Proceeds
OR amount Growers may choose to pay (payable each 31 May, commencing 2006)		$82.50
Harvesting and Marketing Services fee Amount payable from Harvest Proceeds		5% of GST inclusive Harvest Proceeds

 

 

Finance Options

 

 

 

Features

Up to 5% cash rebate (see below)

$3,300 application

100% tax deduction

Tax deduction for interest expense if finance option taken

No outlay for ongoing fees if chosen to be paid at harvest

 

Commissions & Cash Rebates

With tax effective investments we will receive a commission that is not paid from your investment amount. With the ITC Sandalwood and Pulpwood Projects this is equal to 7.0% of the amount invested. We will provide you with a cash rebate on a sliding scale depending upon the amount that is invested as detailed in the table below:

 

 

The cash rebate is paid to you as soon as we receive our commission payment ex GST.

 

 

Further Information

For further information please download any of the following files or right click on the button and 'save target as' to download to your computer (all files are in *pdf format):

 

 

 

 

 

IMPORTANT : This information has been prepared without taking into account your investment objectives, financial situation and particular needs. National Financial Solutions Pty Ltd (the authorising licensee) makes no recommendations as to the merits of any investment opportunity referred to on this site or via email correspondence. All indications of performance returns are historical and can not be relied upon as an indicator for future performance. Any investment decision in the products listed is entirely yours. NFS bears no responsibility for the appropriateness of the investment to your circumstances.  NFS will not be held responsible for the performance or security of any investment going forward. Furthermore NFS recommends that you seek advice from an independent person as to the appropriateness of any investment that is placed through our service.

With all of these types of investments you should seek independent taxation advice to determine whether this investment suits your circumstances. Please read the important information section.

By listing this investment on our site we are by no means endorsing this investment, manager or product.

* IRR upper range from independent research report