What are my payment obligations to the Project?

Do I need to register for an Australian Business Number?

How do I claim back ABN withholding tax?

I’ve sold my units in CAPT, why do I still pay Licence Fees?

Can I sell my Interest in the Project?

What is the value of my investment?

How do I pay my bills?

What are my payment obligations to the Project?

As a Grower you are liable to pay both licence fees and management fees on a yearly basis. The invoicing structure for each Project is different, and is outlined below.

Project One:
Licence Fees – invoiced quarterly in March, June, September and December of each year and payable by the end of that quarter.

Management Fees – invoiced annually in June of each year and payable by the end of that month.

Project Two – Stage 1:
Licence and Management Fees are combined on the one invoice, and are billed in March of each year payable by 31 March.

Project Two – Stage 2:
As above. A once off partial payment of the management fee is also payable in October 2003. The balance is payable in March 2004 and for each following year in March.

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Do I need to register for an Australian Business Number?

Although the original documentation signed by investors requested a Tax File Number that documentation predated the GST regime and has been superseded.

All investors in the Coonawarra Premium Vineyards Project have been advised to obtain an Australian Business Number as they are conducting a business of growing and cultivating grapes. This makes them eligible to obtain an ABN and register for GST.

For investors not quoting an ABN we are required by law to withhold 46.5% of income distributed from the sale of grapes and forward it to the Australian Taxation Office.

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How do I claim back ABN withholding tax?

Withholding tax applied to vintage distributions can be claimed back from the Australian Taxation Office via your income tax return once registered with an ABN.

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I’ve sold my units in CAPT, why do I still pay Licence Fees?

As a Grower in the Project you are required to pay rent to the land owner for use of the land that you are using to grow grapes. In this instance the land owner is Coonawarra Australia Property Trust. Selling your units in the Property Trust does not void your responsibility as Grower.

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Can I sell my Interest in the Project?

Project 1
With the Property Trust being listed on the Australian Stock Exchange (code:CNR), you are able to buy and sell trust units on ASX. Please note that if you sell all/some of your units in Coonawarra Australia Property Trust you are still liable as a Grower to pay licence fees to the Trust. However, you would no longer receive any distributions from the Trust.  

Grower units are not listed and there is no open market for their sale.  If you wish, you may inform us in writing if you have any interest in selling your Grower Units. Should any party express an interest in acquiring units in the Project we can put them in contact with you. Presently there are no parties expressing an interest to acquire Grower units.

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What is the value of my investment?

Project 1

Grower Units:
As the Grower Units are illiquid, as there is no open market for their sale. The initial purchase price was $8,500.00 per unit. (excl. GST as GST had not been introduced at the time the units were issued).

Trust Units:
The original purchase price was $654 per unit. (excl. GST). Upon listing on ASX each unit in the trust was converted into 6,250 units in CAPT.

As at 13 April 2007 the latest sale price for units on the ASX was 63cents. At this price 6,250 trust units (equivalent to 1 Trust Unit prior to listing) would have a value of $3937.50.

Project 2

Grower Units:
The project has been wound up and its assets and liabilities absorbed into CPV Wines Ltd effective 31 January 2006.

Shares:
There is no open market for the sale of Shares in CPV Wines Ltd (formerly CPV Land Holdings Ltd). The initial purchase price was $1,357.00 per 100 shares (equivalent to 1 Grower Unit). The land value of the project at 30 June 2006 was $4,000,000 (vacant possession basis).

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How do I pay my bills?

There are several options available to investors. These options are detailed below:

1)   Electronic Funds Transfer

Be sure to quote your ID Number, Grower Number or Invoice Number as your reference/description, then fax or e-mail a confirmation of payment to us.

2) BPay
Log onto your Internet banking service or call your phone banking service. Select the BPAY or bill payment option and follow the simple instructions. Wait for and record your receipt number. You will need your reference number found on your tax invoice and our biller code 12047. For further information on BPay go to www.bpay.com.au

3) Cheque
Make your cheque payable to Coonawarra Premium Vineyards Limited. We also ask if you could put a reference on the rear of the cheque. This should include your name and your ID number or Grower Number, and post to:

PO Box 6243
Halifax Street
ADELAIDE   SA   5000

4) Credit Card
Complete your credit card details in the space provided on your remittance slip, and post to:

PO Box 6243
Halifax Street
ADELAIDE   SA   5000

Please note we only accept VISA and Mastercard payments. A Bank Merchant Fee of 1.2% is payable when using a credit card to pay overdue invoices.

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