download WA Blue Gum Project Product Disclosure Statement 2013

(d)in the case of an expert, for services renderedby him or the firm in connection with thepromotion or formation of the Project;are as follows:(i)(ii)(iii)(iv)(v)Mr D. Spriggins has acted as independentforestry expert and has prepared theReport set out in Section 7 of Part B ofthis PDS and will receive professionalfees of not more than $7,700 (includingGST) for his services in accordance withhis usual charges;Sandhurst Trustees Ltd is the Custodianand will receive fees not exceeding$12,100 (including GST) for the first yearand thereafter;the Directors of the Responsible Entitymay receive Director's fees;the Directors of the Responsible Entityand any firm in which they are partnershave no interest in the promotion of thisPDS or in any property to be acquired byGrowers AND no amount has been paid(either in cash or shares or otherwise) toany of the Directors to induce any of themto become or to qualify them as Directorsor otherwise for services rendered by anyof them or for services rendered by thatfirm in connection with the promotion ofthis PDS, other than that each of theDirectors and other partners (orassociates) in Herbert Geer, the solicitorsto the Project Manager, are beneficiariesof the Trust of which WABG is the Trusteeand Mr Gorr and Mr May are directors andshareholders of the companies that areshareholders in Albany Financial Pty Ltdand are directors of Albany Financial PtyLtd, and that each Director holds oneordinary share in WABG. The net incomeof the Trust includes revenue earned inconnection with the Project and may bedistributed to beneficiaries. Mr May is apartner in Herbert Geer. Fees at or belownormal rates plus GST will be paid toHerbert Geer for the provision ofinfrastructure support and for legalservices in relation to all aspects of theProject;each employee of WABG or theCustodian who is to be regarded as apromoter of the Project, is entitled toreceive his or her salary and otheremoluments from WABG or the Custodian(as the case may be) in his or hercapacity as such employee.10.5 Interests of the CustodianThe Custodian has no interest in relation to theProject, in the promotion of the Project, or in theproperty proposed to be acquired for the purposes ofthe Project, other than the remuneration to which theCustodian is entitled in its capacity as Custodian(which is stated in Section 10.4(d)(ii)) and withoutlimiting the generality of the foregoing no amounthas been paid or agreed to be paid to the Custodianin cash or otherwise by any person:(a)(b)to induce the Custodian to act in that or anothercapacity; orfor other services rendered by the Custodian inconnection with the Project,other than the amounts of that remuneration thathave accrued or will accrue to the Custodian fromtime to time under the Scheme Property CustodyAgreement.10.6 Interests of the Project ManagerThe Project Manager does not hold any Interests inthe Project but is entitled to fees as described in thisPDS.