Australasia's home for timber news and information

Latest timber industry news, updated on Monday, Wednesday and Friday.

TasPorts eyes Gunns’ port asset

Government-owned ports authority TasPorts has revealed plans to buy Gunns' Burnie port facility. Chairman Dan Norton said the board was in the process of acquiring the facility before Gunns went into the receivership. Source: ABC News
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Ta Ann to stay unless deal falls through

The jobs of more than 100 Tasmanian timber workers have been secured with processor Ta Ann Tasmania confirming it will remain in the state. But the company has warned it will collapse if the Upper House scuttles forest peace deal legislation. Source: ABC News
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NEFA says definitely no logging

The North East Forest Alliance (NEFA) of New South Wales wants Premier Barry O'Farrell to rule out any logging in National Parks, ever. The Forest Products Association, representing saw-millers in the region's forests wants a million hectares of new reserves opened to logging. Source:
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Anti-dumping to protect jobs

The timber union says a new anti-dumping commission will help to protect jobs in the timber and pulp paper industry in the Green Triangle. The Federal Government announced the commission would ensure goods imported into Australia are not sold below cost. Source: ABC News
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Oh, what a tangled web

Prime Minister Julia Gillard is proposing $15 million for biomass power stations under the forest peace deal, which could have been met by an existing Government program, if not for a pact with the Greens. Source: Timberbiz
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FSC has varying sustainability standards

As organizations like the Federal Trade Commission issue revised guides to help ensure marketers make accurate claims about their products' environmental benefits, the American Consumer Institute (ACI) Center for Citizen Research today issued a new report that compares competing fores
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Illegal wood found in Chinese hands

The preservation of the world's forests is in China's hands according to an environmental campaign group that is accusing the biggest wood importer and consumer of fuelling the illegal timber trade. Sources: Mysinchew, Construction Source
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Tax mistake makes NZ government $127m richer

Call it a $127.5 million tax mistake that can't be undone. Bank of New Zealand and other secured creditors in two collapsed forestry companies can't reclaim $127.5m that was paid to Inland Revenue by a partnership owned by the companies, the Supreme Court has ruled. Source: Business D
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TFS to sell managed investment scheme

Sandalwood timber manager TFS Corp will sell its $45 million managed investment scheme (MIS) grower loan book with funds flagged for either reinvestment in the business or returned to shareholders. Source: Australian Financial Review
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