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GrowersConstitutionProject ManagementAgreementSub-leaseWA Blue Gum Limited(Responsible Entityand Project Manager)SchemePropertyCustodyAgreementSandhurst TrusteesLimited (Custodian)PlantationOperationsWoodSalesFinanceForestrySupervisionPlantationServicesAgreementWoodPurchaseAgreementLoanAgreementAgreement forthe provision ofConsultingServicesWACAP TreefarmsPty Ltd*(Forestry Contractor)W.A. Chip & Pulp CoPty Ltd*(Wood Purchaser)Albany FinancialPty Ltd(Lender)ConsultingForester* Both these companies are ultimately owned by Marubeni Corporation and Nippon Paper Industries Co.
6.1 ReportsThe Project Manager will provide Growers with areport following completion of the planting of thePlantations setting out the areas which have beenplanted with Blue Gum trees in accordance with thePlantation Development and Tending Plan.Thereafter, the Project Manager will report to theGrowers no later than 30 November in each yeardetailing any changes to the PlantationDevelopment and Tending Plan, the actualoperations performed on the land, details regardingthe health and vigour of the Plantations and anyother matter which may affect the performance orviability of the Plantations.In addition, a consulting forester will provide aseparate professional report at least annually, andat other times if necessary.6.2 InsuranceEvery Grower is required to insure his Plantationsevery year against fire, if such insurance isavailable at a reasonable cost determined by theProject Manager. In recent years the annualpremium has been at a rate of about 0.7% of theinsured value. It is possible that in the future thepremiums will be more expensive. The ProjectManager will use its best endeavours to arrangesuch insurance at the best price and will be entitledto charge a fee equivalent to 10% of the premiumfor this service. As the trees mature the value ofthe Plantations is expected to rise. A decision willbe made separately each year as to the insuredvalue, which may be less than the full market value.However, the Project Manager will endeavour toensure that the insured value will not be less than$5,000 per hectare.6.3 The Responsible EntityThe Responsible Entity of the Project is responsiblefor the operation and management of the Project.The Responsible Entity is an unlisted publiccompany.The Responsible Entity was granted its AustralianFinancial Services Licence on 22 December 2003.The Responsible Entity's Australian FinancialServices Licence was varied by ASIC on:(a)(b)5 August 2004 to authorise the ResponsibleEntity, in addition to operating the Project, toprovide general product financial advice forinterests in the Project to wholesale andretail clients;9 June 2006 to ensure consistency with theextension of the "12 month rule" under theTax Laws Amendment (2005 Measures No.(c)(d)(e)(f)(g)(h)5) Act 2005 (Cth) and to incorporate the mostcurrent standard licence conditions that applyto licensees;6 February 2008 to extend the maximumperiod for registering members' interests inthe land to 15 months from the end of theincome year in which the member firstinvests in the Project and to incorporate themost current standard licence conditions thatapply to licensees;28 May 2010 to permit the ResponsibleEntity to act as the responsible entity foranother project (which did not proceed) andto add an additional "responsible manager";23 May 2011 to permit the ResponsibleEntity to act as the responsible entity for theW.A. Blue Gum Project 2011 ARSN 150 828283 and the Choice Forestry Project 2011ARSN 150 830 121;3 April 2012 to permit the Responsible Entityto act as the responsible entity for the W.A.Blue Gum Project 2012 ARSN 156 425 286;15 May 2012 to permit the ResponsibleEntity to act as the responsible entity for theChoice Forest Project 2012 (which did notproceed); and14 June 2013 to permit the ResponsibleEntity to act (inter alia) as the responsibleentity for the Project.The Responsible Entity, in its own capacity,maintains a cash deposit and cash equivalents toensure that it meets the financial requirementsunder its Australian Financial Services Licenceincluding the minimum net tangible assetrequirement of $150,000.Copies of the audited annual financial reports ofResponsible Entity are available from ASIC or bycontacting the Responsible Entity.WABG as trustee of the W.A. Blue GumManagement Trust ("Trust") is the Project Manager.The Project Manager receives fees and rent fromGrowers.Where the Project Manager receives amountspayable by Growers it holds those funds as trusteeof the Trust on the terms of the trust deed (referredto below) and utilises these funds to meetexpenses, including growing and tending expenses.Where the Trust makes a profit in a particularperiod, the Project Manager has the power todistribute those amounts to beneficiaries in theTrust.
Page 1 and 2: W.A. BLUE GUM LIMITEDACN 060 179 98
Page 3 and 4: SectionPage1. DIRECTORY ...........
Page 6: Responsible Entity and Project Mana
Page 9 and 10: Date of PDS: This PDS is dated 14 J
Page 11 and 12: (c)(d)(e)Agricultural risks such as
Page 13 and 14: (b)(c)(d)(e)(f)(g)(iv)Commissions:e
Page 15 and 16: In addition to disclosing the exper
Page 18 and 19: This PDS relates to the offer of In
Page 20 and 21: 2.5 Experienced Forestry Consultant
Page 22 and 23: 3.5 International MarketsIn 2008 a
Page 24 and 25: This Section details the fees and o
Page 26 and 27: ADDITIONAL EXPLANATION OF FEES AND
Page 30 and 31: Harvest income is held by the Custo
Page 32 and 33: November 16th 2012The DirectorsWA B
Page 34 and 35: Leasing arrangements with landholde
Page 36 and 37: 8. The South West of Western Austra
Page 38 and 39: This section contains a summary of
Page 40 and 41: (s)(t)resolution of Growers at a du
Page 42 and 43: (d)(e)(f)(iii)(iv)for the second an
Page 44 and 45: (e)(f)(iii)administering and superv
Page 46 and 47: (d)in the case of an expert, for se
Page 48 and 49: ITAA 1997Joint Growers AgreementJoi
Page 50 and 51: W.A. Blue Gum Project 2013W.A. Blue
Page 52 and 53: Sole/First Applicant or First Joint
Page 54 and 55: I/We the person(s) or company named
Page 56 and 57: *I/We hereby apply to ALBANY FINANC
Page 58: Sole/First Applicant or First Joint
Page 61 and 62: Name of GrantorExecuted as a Deed P
Page 63 and 64: We do not provide financial plannin

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