Great Southern announces new focus
Cameron Rhodes
Agribusiness funds manager Great Southern plans to embark on a major restructure that will create Australia’s largest hardwood plantation forestry business and a new cattle business.
Titled Project Transform, the plan involves Great Southern repositioning itself with three separate streams of forestry, agricultural investment services and cattle.
The aim is to combine the company’s key asset — high value agricultural land — with the tree and cattle assets of selected managed investment schemes (MIS).
In doing so, the manager hopes to reduce operating costs while improving earnings and cash flow to a level where Great Southern’s market capitalisation would be $800 million.
The company’s managing director, Cameron Rhodes, said if approved, the restructure would add significant value to stakeholders.
“We will be an integrated forestry business and have additional revenue and cash flows from both forestry and cattle to complement our existing tax effective MIS business,” he said.
Recommended for you
The strategic partnership with Oaktree Capital and AZ NGA is likely to pave the way for overseas players looking to enter the Australian financial advice market, according to experts.
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
Increasing revenue per client is a strategic priority for over half of financial advice businesses, a new report has found, with documented processes being a key way to achieving this.
The education provider has encouraged all financial advisers to avoid a “last-minute scramble” in meeting education requirements prior to the 31 December 2025 deadline.
