Ann: AHF Farm Update and Outlook, page-4

This, from the 2017 AR for TAU (15/8/17), at n22:
------
Director related entities
Mr Michael Hackett is a director of Australian Dairy Farms Group. As set out in note 9, Trustees Australia holds equity in ADFG and held convertible notes which were converted to equity on 22 October 2016. Interest received from ADFG on the convertible notes for the year ended 30 June 2017 was $36,015 (2016: $106,438).

Trustees Australia has also accrued for the recovery of employment, accounting and other administrative costs from ADFG totalling $275,000 (2016: $338,900) for the year ended 30 June 2017. As set out in note 7, at 30 June 2017 there is $444,450 (2016: $338,900) due from ADFG.

This, also from the 2017 AR for TAU (15/8/17), at n7:
------
Credit Risk — Trade and Other Receivables
Receivables include $444,450 in accrued income from Australian Dairy Farms Group (a related party, see note 22) for recovery of employment, accounting and other administrative costs incurred by the Trustees Australia Group during the financial years ended 30 June 2016 and 30 June 2017 in the administration and operations of ADFG.

This item represents a concentration of credit risk for the group and is considered recoverable. Otherwise the group has no significant concentration of credit risk with respect to any single counter party or group of counter parties. The class of assets described as Trade and Other Receivables is considered to be the main source of credit risk related to the group. On a geographical basis, the group has no significant credit risk exposures.

----------------------------------------
No wonder year end cash remained as it was - TAU, trapped and unable to extract it's cash without there being a very material, underlying cash risk generated.