GTP great southern limited

If this does not convince investors in Timbercorp and GTP that...

  1. 3,442 Posts.
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    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.
 
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