2007 PROJECT
Subscriptions for the 2007 Project via the PDS dated 22nd December 2006 closed on the 15th of June 2007.
The Offer consisted of two Managed Investment Schemes namely:
- AIL Almond Grower Project – Swan Hill (Grower Project) ARSN 122 494 491
- AIL Almond Asset Trust – 2007 (Asset Trust) ARSN 122 494 615
The 2007 Project involves:
- The Grower Project involves the growing and management of almond trees in an orchard located near Swan Hill Victoria. Growers will receive any net almond sale proceeds from the sale of the almonds.
- The Asset Trust owns the orchard assets including the land, trees, water licences. These assets are leased for the Grower Project. Unitholders receive an annual Trust distribution from Project Year 1.
The 2007 Project offering consisted of up to 4000 Grower Allotments (0.125 hectare each) and 4000 Orchard Asset Owner Units over a site covering 500 hectares.
Grower tax deductions are covered by Australian Tax Office Ruling Number PR 2006/148.
The 2007 Project will have its first harvest in Feb/Mar 2010. The orchard is expected to reach maturity in financial year 2013/2014.
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