The Australian Bight Abalone Project 2008 is a "fourth generation" Managed Investment Scheme (MIS). The Project structure affords the investor (grower) limited liability, with future costs associated with the Project linked to Harvest proceeds.

In addition the Project Manager receives its cash profit after the investor has received the projected return.  In this way, the remuneration of the Manager of the Project is linked to the interests of the investor, and therefore the success of the Project.

Accordingly, the Project is seen to have similar characteristics of an equity, but is also tax deductible subject to ATO Product Ruling, and is success fee driven. The Project is licenced and highly regulated by the department of Primary Industries and Resources South Australia (PIRSA) , where the investor commercially grows and harvests Greenlip Abalone for export to China.

Greenlip Abalone is the highest value seafood export with an average export price of $60.95* per kilogram over the 2004-2005 for fresh and frozen produce.

The Investment

The initial management and establishment fee is $27,500 (inc.GST) and the project has a 7 year term (3 harvests). This provides the investor with 20 abalone baskets stocked with 4,400 abalone.

 

 

Features

Up to 6% cash rebate (see below)

Closing 15th June

$27,500 initial investment

7 year project term

3 harvests

100% tax deduction for investment amount

 

Commissions & Cash Rebates

With tax effective investments we will receive a brokerage payment consisting of a 'commission' & 'marketing allowance' which is paid from the company that you invest with.  It is not deducted from your invested funds. With regards to Australia Bight Abalone Project, Fundbroker will receive an 7% commission and a 0% marketing allowance, making a total brokerage of 7% of the amount invested.  We will provide a cash commission rebate as a percentage of the funds you invest as shown in the table below:

 

 

The cash rebate is paid to you as soon as we receive our commission payment and is related to the number of units in the project (i.e. one unit will provide a 4% rebate, 2 units or more a 5% rebate)

 

 

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 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