tree growers..., page-10

Austravel

If you want an answer to your questions re liability you should read the prospectus for the particular investment you made. It covers the arrangements and potential liabilities (or at least the two or three I had a look at do). In theory the growers rights should be reasonably unaffected (subject to operational disruptions) as they have legally enforceable leasing arrangements over the land for the intended life of the project (at least according to two prospectuses I looked at stated that to be the case) - so in the same way that if you have a fixed term lease on a house or office, a new owner has to honour the existing tenancy, then this should also be the case for investors in Timbercorp's MIS's.

Note my comments are based on a brief review of a couple of prospectuses so you should do your own review.

If you are an investor and you have a fairly large investment it may be worth your while to seek legal advice regarding your rights.