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Fund management

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

What is the olive levy?

The grower-raised statutory olive R&D levy is set at $3 per tonne.

Th levy is 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 levy together with Australian Government funds into strategic R&D initiatives.

You can find full details on the levy rate, 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 Olive 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 olive 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 Olive Fund are detailed in the Your investments page of this Olive 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 olive industry communications and extension program (OL18000), also provides regular information on levy-funded activity.

Financial documents

Financial operating statement
July to December 2019/20

Olive Fund consultation

To gain industry insights for strategic levy investments for the Hort Innovation Olive 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 8, 2016

Melbourne, VIC

View

2

August 11, 2016

Melbourne, VIC

View

3

February 16, 2017

Melbourne, VIC

View

4

October 11, 2017

Melbourne, VIC

View

5

December 13, 2017

Melbourne, VIC

View

6

March 21, 2018

Melbourne, VIC

View

The panel 

Name

Organisation

Location

Lisa Rowntree

Longridge Olives

SA

Leandro Ravetti

Boundary Bend

VIC

Tim Smith

Boundary Bend

VIC

Rita Bikins

Red Rock Olives

VIC

Greg Seymour

Australian Olives

SA

Peter Herborn

Hunter Olive Processing

NSW

Robert Spooner-Hart

University of Western Sydney

NSW

Rod Mailer

Australian Oils Research

NSW

Richard de Vos

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