A special meeting has been called in Tasmania for Gunns Plantations (GPL) woodlot scheme landowners to discuss their options moving forward. Source: The Land
The Tasmanian Farmers and Graziers Association (TFGA) has arranged the meeting in Launceston on Monday, July 21, so landowners can assess their options for trees on their land leased to the company.
This follows the May 21 decision of the Victorian Supreme Court after it had evaluated the rights of landowners and the rights of the liquidators of the company.
TFGA says in short, landowners now have three options – to buy trees from the liquidated company; harvest the trees; or terminate their lease with GPL.
“There are significant implications carrying with each option,” TFGA chief executive Jan Davis said. “You regain use of your land/trees but at what price?
“What happens to the accrued rental on your land that you are still owed?”
The meeting will be at The Boathouse in Lindsay Street from 2pm to 5pm.
The meeting will include an update from liquidator PPB Advisory and an independent lawyer will offer observations and advice on options available.
