The aim of the AF06 is to provide investors (Growers) with the opportunity to operate an almond growing business. The business attracts tax deductions supported by ATO Product Rulings PR 2006/24 and PR 2006/25.
AF06 Growers participate in the business of growing and selling almonds for the world market. Each Grower is licensed to occupy and farm one or more Groves each consisting of an area of 0.25 hectares (ha). Each Grove is planted with approximately 70 almond trees and has sufficient water entitlements delivered via a highly efficient irrigation system to cultivate the trees.
Grower returns are dependent upon the performance of their almond growing business. Returns are generated from the almond sale proceeds, less the annual operating and management costs including the lease of land and operational infrastructure. The AF06 terminates on 30 June 2026 with no further obligations to the Growers.
The operational management of AF06 is undertaken by the RFM team. This team has significant expertise in almond orchard design, development and operation, and is currently responsible for maintaining approximately 600ha of almond orchards at Hillston in New South Wales.
RFM is responsible for orchard operations, maintenance, harvesting, pre-processing and delivery. RFM also manages all accounting and administrative functions of the AF06.
The AF06 is closed to new investment.