The Australian Financial Review --- Page: 5 : 4 April 2007 Original article by Mark Abernethy
ABIX Summary
Forestry agribusinesses in Australia are expected to have a strong future. From 1 July 2008 all tax breaks for new non-forestry investment schemes will cease. The new tax status is expected to reduce a range of investment management costs and may result in a refinement in the quality of investors. Agribusiness sector analyst, Investor Edge, anticipates a spike in managed investment scheme (MIS) inflows in 2007 and a reasonably low drop-off in investments in coming years. The Australian Taxation Office is preparing a draft tax ruling on non-forestry MISs.
