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Fund management

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

What is the nashi levy?

A grower-raised statutory nashi R&D levy was established more than two decades ago. Nashi growers paid this levy until it was reduced to $0 in 2011.

While it was operational, the levy was collected by the Australian Government and entrusted to Hort Innovation (then known as Horticultural Research and Development Corporation, and later as Horticulture Australia Limited).

In February 2019, the industry moved to begin investing unspent levy from this historic collection of funds. It is Hort Innovation’s responsibility to work with nashi growers to invest these levy dollars, together with Australian Government contributions, into strategic R&D initiatives.

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 will levy decisions be made?

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

The SIP document will then be used like a ‘roadmap’ by the nashi Strategic Investment Advisory Panel (SIAP), which is currently being formed. This SIAP will be a panel made up of growers and other industry representatives that will have a key role to play in the investment process.

The SIAP will discuss investment ideas at consultation meetings, with the SIP guiding them, in order to provide advice to Hort Innovation on potential levy investments.

What will happen next?

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

At the end of the process, the responses will be assessed, typically with the assistance of industry, and the best delivery partner for the work will be chosen. A contract will then be issued and the work will begin.

How can I keep track of investments?

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

Hort Innovation will also send 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.

Nashi Fund consultation

To gain industry insights for strategic levy investments for the Hort Innovation Nashi 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

August 29, 2019

Teleconference

View

The panel 

Name

Organisation

Location

Steven Singh

Seeka Australia Pty Ltd

VIC

Cameron Carter

Australian Nashi Growers Association (ANGA)

NSW

John Magarey

Australian Nashi Growers Association (ANGA)

SA

David Hunt-Sharman

Kalafatis Fresh Produce Pty Ltd

VIC

Michael Crisera

Fruit Growers Victoria Ltd

VIC

Fund Annual Report 2018/19
Publication
Fund Annual Report 2018/19