download WA Blue Gum Project Product Disclosure Statement 2013

24 W.A. BLUE GUM PROJECT 2013TABLE 1 - FEES AND OTHER COSTS (PER HECTARE - MINIMUM 3 HECTARES)TYPE OF FEE OR COST AMOUNT (PER HECTARE) HOW AND WHEN PAIDFees when your money moves into the ProjectFinancial Year 1(Until 30 June2013)Financial Year 2(1 July 2013 to30 June 2014)SubsequentFinancialYears2Establishment feeThis is the fee for services associatedwith the Establishment of the Plantation$6,250(including GST)Nil Nil Included in Application Moneywhich is payable on ApplicationContribution feeThe fee on each amount contributedto your investmentN/AN/A N/A N/AWithdrawal feeThe fee on each amount you takeout of your investmentN/AN/ATermination feeThe fee to close your investmentN/AN/AManagement Costs -The fees and costs for managingyour investmentFinancial Year 1(Until 30 June2013)Financial Year 2(1 July 2013 to30 June 2014)SubsequentFinancialYears3Tending feeThis is the annual fee payable tomanage the PlantationNil$121 (including1GST) Indexedfrom 30 June 2013Amount payablein previous Financial2Year IndexedPayable on 30 November 2013 andthereafter on 30 September in eachyear from the Grower’s own money4Rental feeThis is the annual fee payable forrental of the leased landNil$462 (including1GST) Indexedfrom 30 June 2013Amount payablein previous Financial1Year IndexedPayable on 30 November 2013 andthereafter on 30 September in eachyear from the Grower’s own money5Insurance feeThis is the annual fee payable toinsure the Plantation against fireNilApproximately 0.7%of the5insured valueRefer to Financial Year2 (previous column)Payable on 15 November 2013 andthereafter on 15 November in eachyear from the Grower’s own moneyHarvesting, Transportation &6Supervision feesThese costs are the actual costsincurred by the Project Manager forHarvesting, transportation andsupervisory activitiesNilNilThe precise amountswill be determined atthe time of Harvest. A3.3% (including GST)Harvest supervisionfee is payable to W.A.Chip & Pulp Co.These fees will be paid by theGrower to the Project Manager. TheProject Manager has discretion todeduct these fees from theproceeds of sale of the timber priorto making any distributions to theGrower7Incentive feeThis is a fee payable to the ProjectManager for achieving higher than anominated returnNilNil15% of the amount bywhich the netproceeds from thesale of the timberexceeds the sum of$18,000 (includingGST) per hectare1(Indexed from 30June 2012)These fees will be paid by theGrower by way of deduction fromthe net proceeds from the sale ofthe timber prior to making anydistributions to the Grower8Credit (or similar) Card Merchant FeeIn any case where an amount is paidby credit or similar card, there shall beadded the appropriate merchants feecharge on the use of the cardThis fee is paid by a Grower who uses a credit or similar card to pay fees under the Project9Unforseen ExpensesThis is a fee for unforseen expensesincurred by the Project Manager e.g.in relation to fertiliser and/or insectissuesNilRefer to “How andWhen Paid”Refer to “How andWhen Paid”This fee can only be imposed ifGrowers vote to meet such expensesat a meeting of all Growers convenedby the Project ManagerThis fee is payable from the Grower’sown money upon the issue of aninvoice by the Project ManagerServices feesFinancial Year 1(Until 30 June2013)Financial Year 2(1 July 2013 to30 June 2014)SubsequentFinancialYearsInvestment switching feeThe fee for changing investment optionsN/AN/ATransfer of InterestThe cost of transferring or assigning aninterest in the Project to a different entityThe Responsible Entity will charge an administration fee of$400 (including GST) to process a transfer of a Grower’sinterest in the Project to another entity in a secondary marketThis fee is payable from the Grower’sown money upon the issue of aninvoice by the Responsible Entity