Agribusiness Managed Investment Scheme (MIS)
Agribusiness managed investment schemes (MIS) were developed to finance agricultural operations on a large scale. They allow small investors to pool their funds to invest in a large-scale agricultural operation. MIS were introduced to Australian investors after the passage of the Managed Investments Act 1998, ostensibly to encourage agricultural diversification, after the decline of the local forestry industry. Over the 20-year life cycle of a typical MIS, investors would pay fees in the first few years as orchards were planted, which would become significant tax deductions. Fees would drop after a few years, and the scheme would return profits as the [...]