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Fund management

At Hort Innovation it’s our job to work with industry to invest the macadamia levy and Australian Government contributions into initiatives to help growers be as productive and profitable as possible, through the Hort Innovation Macadamia Fund

What is the macadamia levy?

The grower-raised statutory macadamia R&D levy is set at 8.57 cents per kilogram of dried kernel.

The marketing levy is set at 16.01 cents per kilogram of dried kernel.

These levies are collected by the Australian Government and then entrusted to Hort Innovation. It is then Hort Innovation’s responsibility to work with industry to invest the levies – together with Australian Government funds in the case of R&D – into strategic R&D and marketing initiatives.

You can find full details on the levy rates, plus information on how to lodge a return and make a payment with the Department of Agriculture and Water Resources, on the government website here.

Where do investment ideas come from?

Great investments start with great ideas, and Hort Innovation encourages all growers and other industry participants to share their thoughts and suggestions for the work they want to see.

Ideas can be submitted any time via Hort Innovation’s investment idea form.

How are levy decisions made?

Investments specific to the Hort Innovation Macadamia Fund are guided by the industry’s Strategic Investment Plan (SIP). The SIP was developed through close consultation with growers and other industry stakeholders, and outlines key industry priorities for investment.

The SIP document is used like a ‘roadmap’ by the macadamia Strategic Investment Advisory Panel (SIAP), which is a panel made up of growers and other industry representatives that has a key role to play in the investment process.

The SIAP discusses investment ideas at consultation meetings, with the SIP guiding them, in order to provide advice to Hort Innovation on potential levy investments. Details of the SIAP panellists and summaries of the SIAP’s meetings can be found further down this page.

What happens next?

The SIAP’s advice is used by Hort Innovation to work suitable ideas into project proposals. The proposals are then made public for potential delivery partners to submit responses. Current opportunities are always listed on the Partnership opportunities page, in the delivery partners section of this website.

At the end of the process the responses are assessed, often with the assistance of industry, and the best delivery partner for the work is chosen. A contract is then issued and the work begins.

How can I keep track of investments?

Investments in the Hort Innovation Macadamia Fund are detailed in the Your investments page of this Macadamia Fund section of Hort Innovation’s website. Resources that are produced by the projects – such as fact sheets and guides – are also available through the Research reports and more page.

Hort Innovation also sends alerts about project updates to its members. Paying a levy doesn’t automatically make you a Hort Innovation member, but signing up is free here.

The levy-funded communications program, run through the investment Australian macadamia communication program (MC18000), also provides regular information on levy-funded activity.

 

Financial documents

Financial operating statement
July 2018 to July 2019

Macadamia Fund consultation

To gain industry insights for strategic levy investments for the Hort Innovation Macadamia Fund, we consult with growers through the fund's Strategic Investment Advisory Panel

The Strategic Investment Advisory Panel (SIAP) has two main objectives: to give transparent and robust investment advice; and to ensure investments align to industry priorities by aligning investments to the fund's Strategic Investment Plan. 

See below the SIAP meetings with summaries and the panellists.

 

Panel meetings and summaries

Meeting

Date

Location

Summary

1

April 12, 2016

Brisbane, QLD

View

2

July 26, 2016

Brisbane, QLD

View

3

September 9, 2016

Brisbane, QLD

View

4

January 31 and February 1, 2017

Brisbane, QLD

View

5

August 3, 2017

Bundaberg, QLD

View

6

February 5 and 6, 2018

Brisbane, QLD

View

7

August 6 and 7, 2019

Brisbane, QLD

View

The panel 

Name

Organisation

Location

Andrew Pearce

Macadamias Direct

QLD

Kim Wilson

Eureka Macadamia Management

NSW

Chris Searle

Stahmann Farms and Searle Consulting

QLD

Lindsay Bryen

LJ and EP Bryen

NSW

Andrew Starkey

Macs Network

NSW

Stephen McLean

Macadamia Allsorts

NSW

Paul O’Hare

Queensland Department of Agriculture and Fisheries

QLD

Aimee Thomas

JAT Farming

QLD

Tim Salmon

Australian Macadamia Management

QLD

Henrik Christiansen

Fitzroy River Plantation Pty Ltd

QLD

Shane Mulo

DAF Queensland

QLD

Claude Gauchat

Chair

View biography

Fund Annual Report 2018/19
Publication
Fund Annual Report 2018/19
Strategic Investment Plan
Publication
Strategic Investment Plan
SIP – At a glance
Publication
SIP – At a glance