Centuria Agriculture Fund Investor Centre

If you are an existing investor, you can access information about your holdings on our Centuria Investor website. If you would like to invest in the Centuria Agriculture Fund, please use the online application form.

Unit Prices

Unit Prices

Centuria Agriculture Fund

Download and read our Unit Pricing Policy.

Continuous Disclosures

Date Continuous Disclosure
20/07/22 The Fund is now open for investment. The Centuria Agriculture Fund is an open-ended unlisted property fund, with daily unit pricing and a limited quarterly liquidity facility, appealing to Investors wishing to access high-quality agricultural investments, leased to reputable operators on strong lease covenants. Management will continue to provide disclosures on material events, and a quarterly report will be made available to investors in October 2022.

PDS & Forms

Please download the PDS or appropriate forms from below for the Centuria Agriculture Fund.

document
This Target Market Determination (TMD) is required under section 994B of the Corporations Act 2001 (Cth) (the Act). It sets out the class of consumers for
whom the product, including its key attributes, would likely be consistent with their likely objectives, financial situation and needs.
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Download the Centuria Agriculture Fund PDS (including application forms)
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Please print, complete your details associated with this application, sign and upload the signature verification document with your online application.
To be completed to appoint or change your Australian Financial Services Authorised Representative (Adviser)
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Existing investors can reinvest their distributions and create a distribution reinvestment plan
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Provide us with guardian details for a registered holder that is not yet the legal age of consent
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Notify us of a death of an investor on our register
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Provide your Tax File Number (TFN) for your investment
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Existing investors can nominate a bank account for distribution payments or funds to be paid into
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Update address details
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Consolidate any holdings registered in your name
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Individuals to request a replacement certificate
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Update your contact details
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Executors/administrators to request a replacement certificate
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Companies to request a replacement certificate
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Nominate a representative to attend any unitholder meetings on your behalf
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Where Probate/Letters of administration have been granted in an Australian Territory or State other than where the securities are registered.
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Update or correct your name
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Nominate to receive all unitholder communication electronically
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Record your Tax Residency in accordance with the Foreign Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS).

All forms for investors and advisers are also available via Centuria Investor website.

In order to login you will need your Reference Number and password.  If you have forgotten your Reference Number or password, or have not registered for access, please contact the Centuria Investor Services Team on:

Telephone: 1800 182 257

Email: Property.Enquiry@CenturiaInvestor.com.au

If you have any questions please do not hesitate to contact the Investor Services Team on (02) 8923 8923 or contactus@centuria.com.au.

Application & AML Guidance

Which form?

There are three identification forms that follow the application form:

    • Individuals, Joint, Sole Trader
    • Australian Companies
    • Trusts, Trustee & SMSFs.

Choose the form that is applicable to your investment entity. Please note, partnerships, associations, cooperatives, foreign companies or Government bodies should contact the Centuria Investor Services Team for the most applicable application form.


New Investors

Individual Investors

  • Application Form
  • Investor Identification Form 1 (Applicant 1)
  • Tax Information Form
  • Originally certified ID document(s) for Investor 1 named in Identification Form 1 – Individuals, Joint, Sole Trader.
  • Include all forms and certified copies of your ID documents with your initial application form when you send it to us.
  • Please refer to the FAQs for more information on getting your original documents certified.

Joint Investors

  • Application Form
  • Investor Identification Form 1 – Individuals, Joint, Sole Trader (complete both Applicant 1 & 2)
  • Tax Information Form
  • Originally certified ID document(s) for both Investor 1 and Investor 2 named in Identification Form 1 – Individuals, Joint, Sole Trader.
  • Include all forms and certified copies of your ID document(s) with your initial application form when you send it to us.
  • Please refer to the FAQ’s for more information on getting your original documents certified.

Australian Company Investors

  • Application Form
  • Investor Identification Form 2 – Australian Companies
  • Tax Information Form
  • Originally certified ID documents for ALL individuals named in Section 1.5 of Identification Form 2 – Australian Companies. Note that if there are no individuals who own or control more than 25% of the company, complete the names of the individual(s) who directly or indirectly control the company.
  • Full ASIC Company extract (the ASIC extract is used to verify that the beneficial owners listed on the form are correct)
  • Include all forms and certified copies of your ID document(s) with your initial application form when you send it to us.

Joint individual investors as Trustees for a Regulated Trust (including SMSF)

  • Application Form
  • Investor Identification Form 3 – Trusts, Trustees & SMSFs
  • No trust documents are required for complying SMSFs that have provided a valid ABN for the SMSF confirming that it is a complying SMSF.
  • Include all forms with your initial application form when you send it to us.

Company as Trustee for a Regulated Trust (including SMSF)

  • Application Form
  • Investor Identification Form 3 – Trusts, Trustees & SMSFs
  • No certified identification documents are required for complying SMSFs that have provided a valid ABN for the SMSF confirming that it is a complying SMSF.
  • Include all forms with your initial application form when you send it to us.

Individual investor(s) as Trustee(s) for an Unregulated Trust

Unregulated Trusts include family trusts, unit trusts and testamentary trusts.

  • Application Form
  • Investor Identification Form 3 – Trusts, Trustees & SMSFs
  • Tax Information Form
  • Originally certified ID document(s) for ALL of the following individuals:
    • ONE trustee named in Section 2.1 of Identification Form 3 and
    • The Appointer named in Section 1.2 of Identification Form 3 and
    • The Settlor named in Section 1.2 of Identification Form 3 (if any)
  • Originally certified copy of Trust Deed or other Acceptable Document outlined in Section 1.6 of Identification Form 3.
  • Include all forms and certified copies of your ID document(s) with your initial application form when you send it to us.
  • Please refer to the FAQ’s for more information on getting your original documents certified.

Company as Trustee for an Unregulated Trust

Unregulated Trusts include family trusts, unit trusts and testamentary trusts.

  • Application Form
  • Investor Identification Form 3
  • Tax Information Form
  • Originally certified ID document(s) for the following individuals:
    • ALL Beneficial Owners of the corporate trustee named in Section 4.5 of Identification Form 3 and
    • The Appointer named in Section 1.2 of Identification Form 3 and
    • The Settlor named in Section 1.2 of Identification Form 3 (if any)
  • Full ASIC Company extract (the ASIC extract is used to verify that the beneficial owners of the corporate trustee are correct) Originally certified copy of Trust Deed or other Acceptable Document outlined in Section 1.6 of Identification Form 3.
  • Include all forms and certified copies of your ID document(s) with your initial application form when you send it to us.

Please refer to the FAQ’s for more information on getting your original documents certified.


Existing Investors

Please note that from 1 July 2017, there are new investor disclosure requirements relating to investor’s current tax residency status. The Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) are regulatory requirements that aim to deter tax evasion by US and other foreign taxpayers. All financial institutions (including fund managers such as Centuria) now have an obligation to report on foreign individuals for tax purposes. As such if you have not had a new investment with us since 1 July 2017 you will need to complete the Tax Information form enclosed in the application.

Individual Investors

  • Application Form
  • Tax Information Form

Joint Investors

  • Application Form
  • Tax Information Form

Australian Company Investors

  • Application Form
  • Tax Information Form

Joint investors as Trustees for Self-Managed Superannuation Fund

  • Application Form

Company as Trustee for Self-Managed Superannuation Fund

  • Application Form

Joint Investors as Trustees for Family Trust (other trust type)

  • Application Form
  • Tax Information Form

Company as Trustee for Family Trust (other trust type)

  • Application Form
  • Tax Information Form.

Frequently Asked Questions

How do I apply for units in the Fund?

To apply to become an Investor you should read the Product Disclosure Statement (PDS) in its entirety. Applications can be then made via the post or through our online application. For full details on how to apply please download or request a hardcopy PDS and follow the instructions. The minimum investment for units in the Fund is $10,000. Applications will be processed on a daily basis and unit confirmations will be sent thereafter.

When are distributions paid and can they be reinvested?

It is intended that the Fund will pay distributions to investors on a monthly basis. Distributions will usually be paid into Investor’s bank accounts by the 10th day of the following month.

Investors will may have the opportunity to participate in a distribution reinvestment plan (DRP) in the future, which will enable them to reinvest some or all of their distributions as additional units in the Fund.

Please refer to Section 3.6 of the PDS for further details on the Fund’s distribution and DRP policies.

Can I withdraw my units in the Fund?

The Fund is an open-ended fund that will have a limited quarterly withdrawal facility available to investors. The Withdrawal Price applicable is the Unit Price on the last Business Day of the quarter less any applicable Sell Spread and is generally paid by the 21st day of the following month. Withdrawals from the Fund may be scaled back, delayed or suspended in certain circumstances, including where the Fund has insufficient liquidity.

Please refer to Section 3.8 of the PDS for further details on the Fund’s withdrawal facility.

What is the Fund’s gearing policy?

The Fund may borrow to acquire Direct Property assets. The Fund may also invest in funds that are already geared. Gearing on a look-through basis will not exceed 55%. If the value of the Fund’s assets fall and look-through Gearing increases above this level, the Manager of the Fund will implement a strategy to restore the level of look-through Gearing to 55% or below. The Manager has a target look-through Gearing level of between 45%-55%.

What is the Fund’s valuation policy?

The Fund’s valuation policy is for the direct properties of the Fund to be independently valued at least once every 24 months. However independent valuations are required within two months if the Manager of the Fund believes a Property is likely to be subject to a material increase or decrease in value (i.e. greater than 5%). Where an independent valuation has not been done, a Director’s valuation is carried out every 6 months.

What are the forecast fees and expenses for the Fund?

Management fee: 0.60% per annum of the Fund’s Gross Asset Value.
Expenses of the Fund (excluding Abnormal Expenses): capped at 0.35% p.a. of the Fund’s Gross Asset Value.
Performance fee: 20% of the outperformance of the Fund above a total return benchmark of 8.00% per annum (pre-tax, net of fees)
Abnormal Expenses: Estimated to be 0.22% of the Fund’s Gross Asset Value.
Disposal fee: up to 1.00% of the sale price of any Property in which the Fund has a direct or indirect interest.
Indirect Costs:Estimated to be 0.01% per annum of the Fund’s Net Asset Value.
Establishment and placement fee: Establishment and placement fee of up to 2% of the gross value of any property asset acquired by the Fund directly and up to 2% of the transfer price of any property asset acquired by the Fund indirectly.
Performance fee: Estimated to be nil in the Fund’s first year of operation. The performance fee is calculated quarterly and payable once every 12 months, within 10 days of the end of the relevant 12 month period out of the assets of the Fund.

When will I receive an annual tax statement to complete my tax return?

The Fund will issue annual tax statements, providing a full breakdown of all distributions for the financial year. It is anticipated that the tax statements will be sent to investors by early September each year. Investors should wait to receive this statement before lodging their tax return. Please contact your tax advisor should you have any questions on the information contained within this statement.

What are tax deferred distributions?

Tax deferred distributions are generally available when the Fund’s distributable income is greater than its taxable income. This arises as the Fund is able to offset the distributable income against items such as depreciation on plant and equipment, capital allowances on the building structure, interest and costs during construction or refurbishment periods, and costs of raising equity.

Tax deferred distributions are generally non-taxable when received by investors and, as a result, are not included in your tax return for the year. However, the amount received reduces the cost base of your units in the fund, meaning that the amount is assessed as part of the capital gain when you eventually sell/withdraw your units.

As a result of tax deferred distributions you have greater access to your distributions when they are paid, as well as being able to take advantage of capital gains tax concessions when you hold the units for more than 12 months.

What is a Weighted Average Lease Expiry (WALE)?

The WALE is a commonly used term when looking at commercial property investments. It is the way of measuring the average time period in which all leases within a property, or portfolio, will expire. The WALE is calculated across all the tenants in a property and is weighted by either the tenant’s lettable area or the tenant’s income against the total combined area or income of the other tenants. A higher WALE indicates limited short to medium term vacancies, with a shorter WALE indicating possible multiple vacancies in the short to medium term.

Who do I speak to about my investment in the Fund?

Centuria Investor Services Team
1800 182 257

For international investors
Phone: +61 2 9290 9600

Email: Property.Enquiry@CenturiaInvestor.com.au

Fax:     +61 2 9279 0664

Mail:    GPO Box 3993, Sydney NSW 2001

How can I obtain historical statements, such as tax statements, distributions statements and/or transaction statements?

Investors:
https://centuriainvestor.com.au

If you have not yet registered yourself for access to the Centuria Investor website, please contact our Investor Services Team via Property.Enquiry@CenturiaInvestor.com.au OR phone us on 1800 182 257.

Financial Advisers:
https://www.adviserserve.com.au

Please contact our Investor Services Team via Adviser.Enquiry@CenturiaInvestor.com.au OR phone us on 1800 182 257.

Can I transfer my holding to another entity or person?

Yes, a transfer takes place when you decide to sell all or part of your investment to another person or entity. A transfer is a change of ownership of units within the same fund. Please seek financial advice.

Please note that when a transfer takes place, our registry treats this as a new holding, even if it is a simple name change with the same trustees or company directors. Therefore all banking details, tax file numbers, Australian business numbers (ABNs) and adviser details will need to be provided on the new transfer form.

If you have any questions in relation to the transfer of your units, or wish to receive a transfer form, please do not hesitate to contact our Investor Services Team. If you are an investor, please contact us via Property.Enquiry@CenturiaInvestor.com.au OR phone our team on 1800 182 257. If you are an adviser, please contact our Investor Services Team via Adviser.Enquiry@CenturiaInvestor.com.au OR phone us on 1800 182 257

Tax cost base apportionment

For capital gains tax purposes, securityholders who hold a stapled security in the Centuria Agriculture Fund are required to apportion the cost of each security between the cost base of units in Centuria Agriculture Fund I and the cost base of units in Centuria Agriculture Fund II. The cost base is relevant for any sale or disposal of securities in Centuria Capital Group and the receipt of any tax deferred distributions.

This apportionment is required to be done on a reasonable basis. One reasonable way to determine cost base (and allocation of sale proceeds) is to apply a Net Tangible Asset approach in respect of the stapled entities using the following information:

Date Centuria Agriculture
Fund I
Centuria Agriculture
Fund II
Centuria Agriculture
Fund
 (stapled entity)
20 July 2022 (stapling) 99.997% 0.01% 100.00%

Please note that the correct apportionment rate to be used depends on the relevant date of the specific transaction. The apportionment rate relevant for the acquisition of a stapled security may differ from the rate on disposal.

Centuria Agriculture Fund typically announces its Net Tangible Assets each 31 December and 30 June.


Contact

Fund Administration

For enquiries regarding your investment in CAF and the Centuria Investor portal. Have your investor number ready.

P: 1800 182 257
E: Email Registry

Investor Services Team

For enquiries regarding the management of the fund, including performance, strategic direction and property portfolio.

P: 1300 224 424
E: Email Investor Services

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