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Australian Bight Abalone 2009 Project

Australian Bight Abalone 2009 Project
Cash Rebate 7.00%
Minimum Investment $12,570.00 (ex GST)
Term of Project 7 years
Research Adviser Edge 4 stars
  Zenith Recommended
ATO Product Ruling 2009/22
Scan and email applications to:
Fax to: (08) 8377 7799
by 7:30pm EST time 15 June 2009

Australian Bight Abalone Project 2009

Following on from their most successful year in 2008, and hot on the heels of their first project harvest (2005) Australian Bight Abalone offer you a preview of their 2009 project. There have been a number of changes that will make it easier to put the project into a portfolio whilst, retaining the option to pay or defer ‘Cage Rental Fees’ to be offset against harvest proceeds: 

Project Structure
Term Of Project 7 years
Initial Cost Per Interest $ 13,827 (incl GST)
Ongoing Fees – per interest (indexed to inflation):
  Management Fees $1,760 pa (incl GST)
  Cage Rental $1,018 pa (incl GST)
  Harvest Fees $2,420 (incl GST) - 1st harvest
$3,097 (incl GST) - 2nd, 3rd & 4th  harvests
  Reseeding & Settling $1,898 (incl GST) - after 1st & 2nd harvests
Expected Income Four distributions over life of project (7years)
Years 2, 3, 5, 6 & 7
Tax Deductibility 94% of initial cost, balance available in year 7.
ATO product ruling applied for
Expected IRR 13.97% to 14.68% (before tax)
Investor Finance To be advised
Research 2 research reports – Adviser Edge & AAG (April 2009)

Consider what Adviser Edge said about the 2008 Project:

“Using a risk adjustment model, Adviser Edge has calculated an indicative pre-tax risk adjusted IRR of 15.06%..........When compared to the forecast returns for all MIS projects researched by Adviser Edge in FY2007, the risk adjusted IRR estimate lies above the third quartile, showing an exceptional potential return compared to the wider MIS market.”………February 2008.

The project is expected to close by 15 June 2009 unless it reaches its maximum subscription earlier.

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