Money does not grow on trees!

Money does not grow on trees!

Over the past decade or so, Australia has seen a number of Managed Investment Schemes ("MIS") offering investors the opportunity to acquire an ‘agribusiness’ - the prime examples being schemes offered by Timbercorp, Great Southern and Palandri which all involve investments in a plantation of…

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Financial Planners are hurting.

Financial Planners are hurting.

The collapse of Timbercorp’ Great Southern has hurt Financial Planners. Asset – The Financial Planning Professional Magazine editor stated that Professional Investment Services Ltd (PIS) did not throw an end of financial year party as they have missed out on more than $15 million in advance commissions from the sale of the agribusiness managed investment schemes.

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