This project is currently closed, however the ITC Teak Project 2007 is open - more

 

About ITC

The ITC Group is Australia’s largest hardwood plantation forestry manager, with more than 140,000 plantation hectares under management across all mainland states.  ITC is also the country’s largest timber processor, and the second largest integrated forestry company listed on ASX, with a current market capitalisation of approximately $260 million.

 

ITC’s plantations division began offering managed investment scheme (MIS) interests in 1992 and now manages 47 different plantation projects.  Throughout the last decade, the Group has invested significantly in research and development, particularly genetics and silviculture.  ITC has one of Australia’s leading advanced-generation breeding programs and has established extensive trials across the states in which it operates.  The recent outcomes from this research will support ITC to achieve future operational gains

 

Teak Project

Teak is one of the best known and most valuable timbers in the world. It is a high quality timber that is used for indoor and outdoor furniture manufacture, carving, wall panelling, decking, plywood, veneer, door and window frames and boat building. It has particular qualities that make it attractive including strength, lightness, durability, workability, colour and appearance. The ITC Teak Project 2006 seeks to take advantages of this valuable timber through a plantation project.

 

Income from the Harvest of the Teak Project is expected to commence 9 years after planting when the plantation is Thinned. A further Thinning is expected 14 years after planting and Clearfall Harvest is expected approximately 20 years after planting. The timing of Thinning and Clearfall Harvest may vary depending upon plantation productivity and harvest scheduling.

 

The unit of investment for each Project is a Plantation Unit, which is an area of land expected to produce the Project Yield over the life of the Project. Each plantation unit will be approximately 0.2 hectare.

 

The minimum investment is one plantation units, you can also mix units in the Red Mahogany Project on the one application form.

 

Fees and Charges

The application fee is $4,400 (inc GST). There are no ongoing fees payable. Insurance is available on the project, historically this has been approximately $30.00 per 3 plantation units per annum.

 

 

Finance Options

 

 

Features

Up to 7% cash rebate (see below)

$4,400 application

Minimum application 1 Plantation Units

Can mix with Red Mahogany Project 2006

100% tax deduction

Tax deduction for interest expense if finance option taken

No outlay for ongoing fees

 

Commissions & Cash Rebates

With tax effective investments we will receive a commission that is not paid from your investment amount. With the ITC Teak Project 2006 this is 5% commission and 4% marketing allowance. 100% of the commission is rebated, plus part of the marketing allowance depending upon the amount invest as shown 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