If this does not convince investors in Timbercorp and GTP that we have synergy and that unless someone with legal qualification can knock me off the perch,then we ALL have no reason to not go to the High court of Australia and expose the government and the financial and corporation sector in how the individual which choose's to invest in Australia is the most stupid citizen in the world.
Note the people who were on the TIMA board and remember who did the last wood chip deal before eveything went pear shaped
I strongly suggest that all investors irrespective of what stage your investment is at that collectively we need to very quickly pull together for mutual benefit
How much per investor ideally 48000 in GTP and 12000 in Timbercorp @$18million for a pool fund to make this blistering attack on this 4Tier banking system and the federal government also because now it is in the political ring and that is for openers,that equates to $300 per investor,if you got half of the investors then it is $600 and so on
Now that we all agree that we are not going quietly into the night,get onto the various advisers and groups and let's kick some butts
Also note the carbon sink statement in TIMA flyer,now what has Malcom Turnbull said,and notice in the news media reading between the lines Wilson Tuckey lining up with Labour,why not,great southern is his electorate in W.A.,so screw the bulk of investors in the east of Australia,so long my mates old and new get the carbon sink credits
Managed timber
investments sector
The managed investment scheme (MIS) plantations sector is
governed by the managed investments provisions of the
Corporations Act 2001, the Financial Services Reform Act
2001, and the Product Rulings program of the Australian
Taxation Office.
Compliance with this strict regulatory regime has
enabled the managed timber investments sector to become
the most effective means of raising funds for investment in
broad-acre plantations. It does this by enabling a diverse
range of investors to carry on a primary production business
as growers of plantations managed by the MIS companies.
Since the launch in 1997 of the national strategy,
Plantations for Australia: the 2020 Vision, the MIS
plantations sector has established around 80% of all new
plantations in Australia, and now (2004) has approximately
350,000 hectares under management in all major plantation
forestry regions in Australia.
By far the highest proportion of this investment is in
short rotation eucalypt and acacia hardwood for export
woodchip. A much smaller proportion is in hardwood
sawlog, and an increasing proportion is in softwood, grown
for sawlog, veneer, preservation treatment and pulp.
Small but increasing areas are being established for
specialty value timbers and plantation products, such as teak
and mahogany, paulownia, sandalwood and willow.
The bulk of funds raised (over $500m in 2003-04) is
spent with employees, contractors and local businesses in
regional Australia – in south west WA, the Green Triangle
and northern Tasmania, with smaller areas in NSW,
Queensland, Northern Territory and the Kimberley.
Independent economic analysis estimates this direct
investment stimulates up to three times that amount in
indirect business investment and commercial and household
spending in the regions.
Early managed timber investments planted up to the
early 1990s are now being harvested, with proceeds being
paid back to participating growers.
TIMA personnel
and contacts
Chairman Sol Rabinowicz
Executive Director
Timbercorp Ltd
Vice Chairman Marcus Derham
Chief Executive Officer
Willmott Forests Ltd
Secretary/Treasurer Cameron Rhodes
General Manager
Great Southern Plantations Ltd
Director, AFG Board Tony Cannon
Director, Forestry Services
Forest Enterprises Australia Ltd
Contacts
Treefarm Investment Managers Australia
Forest Industries House,
24 Napier Close, Deakin ACT 2600
PO Box 318, Deakin West ACT 2600
Phone: (02) 6162 9000
Fax: (02) 6285 3855
Email: [email protected]
Web: www.afg.asn.au/tima
Executive Director Alan Cummine
Mobile: 0407 488 927
Email: [email protected]
Executive Officer Sylvia Gleeson
Mobile: 0427 368 309
Email: [email protected]
About Australian Forest Growers
Australian Forest Growers, formed in 1969, is recognized as
Australia’s national representative association for private
commercial forestry and farm tree growing.
AFG offers policy advocacy and representation to
all tiers of government, and diverse member services, through
a staffed national office and 25 branches around Australia.
Chief Excecutive Warwick Ragg
Phone: (02) 6162 9000
Mobile: 0427 411 215
Treefarm
Investment
Managers
Australia
Uniquely representing the
interests of the managed
investment plantations sector
About TIMA
Treefarm Investment Managers Australia (TIMA) is a selffinancing
special interest branch of Australian Forest Growers
(AFG), the long-established national association that represents
and promotes the interests of private commercial forestry and
farm tree growers.
TIMA uniquely represents
the particular interests of the
managed investment scheme (MIS)
plantations sector – the management
companies and their tens of
thousands of private growers.
TIMA’s founding members in 2000 were Timbercorp,
Australian Plantation Timber, Great Southern Plantations,
Forest Enterprises Australia, Integrated Tree Cropping,
Willmott Forests and Yates Forestry – at the time, the seven
largest, and leading, companies in the managed timber
investment sector.
MIS plantation companies (and their growers) that
benefited directly and indirectly in 2003-04 from TIMA’s
representation include: Timbercorp, Great Southern
Plantations, Willmott Forests, Forest Enterprises Australia,
Sylvatech, Environinvest, Queensland Paulownia Forests,
Northern Tropical Timbers, Integrated Tree Cropping, Gunns
Plantations, Macquarie Forestry Investment, WA Blue Gums,
Rothschild Australian Forestry Management, Tropical Forestry
Services, Forest Rewards, and several smaller and new MIS
plantation managers.
TIMA has good working relations with other industry
bodies, such as the National Association of Forest Industries
(NAFI) and Timber Communities Australia (TCA). In
particular, through Australian Forest Growers, TIMA has
formed a strategic alliance with A3P (the Australian Plantation
Products and Paper Industry Council), the new national peak
organization representing the plantation-based wood, paper
and timber products industries.
Some TIMA
achievements…so far
In four years, TIMA has had a notable influence on the way
the Government and regulators respond to the MIS
plantations sector. Here are some examples…
• Successful legal negotiations with the ATO that
ensured MIS investors would continue to be treated as
carrying on a business, under tax ruling TR 2000/8
(2000)
• Balanced treatment of the contemporary MIS
plantation sector in the reports of the Senate inquiry
into mass-marketed investment schemes and investor
protection (2001)
• Recognition of the value and contribution of the MIS
plantation sector by the Senate inquiry into plantation
forestry (2003, 2004)
• Regular and constructive liaison and meetings of
TIMA /ATO, TIMA /ASIC and TIMA /Treasury to
resolve important issues (2001 to 2004)
• Re-introduction of a prepayment rule (‘the 12-month
rule’) for managed timber investments (2001-02), and
successful negotiation of the ATO’s relevant tax
determination TD 2003/12 (2003)
• Successful negotiation with ASIC of the licence
condition to protect an investor’s interest in underlying
land in MIS agribusiness schemes while remaining
consistent with the 12-month prepayment rule (2002
to 2004)
• Introduction of ASIC’s new regime of asking the target
MIS company to respond to a ‘letter of concern’ before
ASIC takes any action to issue an interim stop order on
an offer document (2003)
• Clearer explanations to the industry of ASIC’s
interpretation of its Policy Statement PS170 on
‘Prospective financial information’ (2003)
• A satisfactory outcome for MIS plantations of the
ATO’s ‘excessive fees review’ late in 2003.
• Promise of a solution to problems of the GST
treatment of ‘pooled scheme produce’ (2003 and 2004)
TIMA activities
TIMA concentrates its efforts on national and federal
regulatory, policy and political issues facing the whole MIS
plantation sector – tax and corporations law, regulators’
actions, the national plantations strategy, national codes and
accreditation, and related matters.
Of these, the dominant unifying focus of TIMA is the
application of corporate and tax law that governs the
operation of managed investment plantations …
• Corporations Law - especially the managed investments
provisions, Financial Services Reform Act, and the
activities and performance of the main regulator, the
Australian Securities and Investments Commissions (ASIC);
• Tax Law - especially the Income Tax Assessment Act,
and the activities and performance of the main regulator,
the Australian Taxation Office (ATO), particularly
through its Product Rulings Program.
TIMA has developed and maintains good working
relationships with both ASIC and ATO, so as to be able to
quickly address issues that might impede either the regulators
in the conduct of their functions or the MIS plantations sector
in the conduct of its business.
TIMA supports the adoption by the whole MIS
plantations sector of AFG’s Disclosure Code for Afforestation
Managed Investment Schemes and the companion Investors’
Guide to Afforestation Investment.
MIS plantation managers share common interests with
other broad-acre plantation growers and managers …
eg, Plantations for Australia: The 2020 Vision; infrastructure
provision and funding; land use planning and environmental
guidelines; right-to-harvest laws; industry and market
development; pest and disease management; OH&S; skills
development; R&D; forest certification; natural resource
management; carbon sinks; community acceptance of
plantations in the landscape, etc.
TIMA ensures the interests of the MIS plantation sector
are represented on these matters, either directly or via AFG
and the close alliance with A3P.
If this does not convince investors in Timbercorp and GTP that...
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