BSM INTRODUCES BSM GOLD FOR PREMIUM BUYERS
Prior to the next induction of cattle, BSM clients who have purchased more than
20 head of cattle through the Beef Stock Market (and are GST registered) will find
that when they enter their personal login page, they will be transferred to the
new BSM Gold section. Likewise, any new buyers who plan an initial purchase of more
than 20 head (and are GST registered), can enter BSM Gold through the normal www.beefstockmarket.com.au
site by clicking the Buy Now tab on the left of the BSM home page.
BSM Gold utilises BSM Beef’s PAMD Agent’s License (No 3141937), to enable BSM cattle
owners a more passive way of buying and selling cattle. If given authority through
BSM Gold, BSM can act as a “Buyer’s Agent” to re-purchase stock with funds of recent
sales or from periodic payments on a priority basis.
As BSM Gold is rolled out, extra functionality will be added including a feedlot
option enabling the feedlot to be used (where possible) to increase returns on backgrounded
cattle, SMS and MMS messaging services on inductions, sales, rainfall and climate,
membership card discounts on related BSM products and services (including Beef Boxes),
and Resident Agency services for overseas buyers. Finance and insurance will be
added in 2007. Additionally a product ruling will be sought from the ATO for our
many self-managed super participants so you do not have to continue getting individual
private rulings.
BSM Gold opens Beef Stock Market up to a larger market of non-internet users, overseas
buyers and those of us who do not have time to sit and wait for notifications of
new stock inductions. Fees for various services are shown below and have been calculated
to encourage participation.
|
Service
|
Additional Fee
|
Availability
|
|
Automated priority re-purchase option- appointment of BSM as a buyers agent using
Trust Account held funds. (Buyers Agent Fee)
|
1%
|
NOW!
|
|
Ability to deposit additional funds through direct periodic transfer into the Tust
Account to be used in the Automated priority purchase facility- appointing BSM as
a buyers agent.
|
Included in the above Buyers Agent Fee.
|
NOW!
|
|
Abiliity to select a ceiling buy price above which you are not prepared to purchase.
|
Nill
|
NOW!
|
|
Ability to be notified by e-mail when the ceiling buy price is exceeded.
|
Nill
|
NOW!
|
|
Automated re-investment of Funds to be held in Trust Account for more than 60 days
into interest bearing CMT. Appointment of BSM as your Agent to be given authority
to carry out this service on your behalf.
|
Ref Fee.
|
Soon
|
|
Priority E-Mail notification of new stock Inductions.
|
Nill
|
NOW!
|
|
SMS & MMS priority notification of Inductions/Sales.
|
$50/yr
|
Soon
|
|
SMS priority notification of rainfall & paddock conditions.
|
$50/yr
|
Soon
|
|
Feedlot option if >5% advantage for 100 day payment – appointment of BSM as selling
agent for markets. Appointment of BSM as an Agent to be given authority carry out
this service on your behalf.
|
Included in the above Buyers Agent Fee.
|
Soon
|
|
Finance and Insurance offers.
|
Ref Fee.
|
Soon
|
|
Priority notification and booking on BSM Agri-Tours.
|
Complimentary
|
NOW!
|
|
Advanced format newsletter and BSM Gold Login.
|
Complimentary
|
NOW!
|
|
BSM Gold Membership Card (for special offers).
|
Complimentary
|
NOW!
|
|
Non-internet user BSM Gold package- posted invoices, receipts & newsletters.
|
$20/yr
|
NOW!
|
|
Ability to purchase as a foreign buyer and allow BSM to act as your “Resident Agent”
for Goods and Services Taxation purposes.
|
$300AUD Setup +
2% on sales.
|
NOW!
|
For more information please email admin
at beefstockmarket.com.au or
Link to Media Release 1 August
2006
Link to BSM Gold Poster