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19 June 2007 After a two-year process, including a comprehensive Australian Government review of the taxation arrangements for investment in plantation forestry, legislation for new taxation arrangements for forestry managed investment schemes (MIS) has been passed by both houses of parliament.“The legislation provides certainty for investors in plantation establishment as well as facilitating the development of a secondary market for established plantations that are more than four years old,” the chief executive of the National Association of Forest Industries (NAFI) Catherine Murphy said. “This will make plantation investment attractive to a wider range of investors.” Tree Plantations Australia (TPA) chief executive Allan Hansard said the timing of the announcement was significant as Australia moved towards developing a secure environment for carbon positive industries. “Australia’s tree plantations will now be able increase their positive contribution to local communities, the national economy and the environment,” he said. “Plantations already sequester more than 20 million tonnes of greenhouse emissions, offsetting emissions from other sectors.” The new taxation arrangements for forestry MIS will underpin value-added processing facilities including two major pulp mill projects proposed in Tasmania and South Australia. Denis Cullity Fellowships OpenAustralian forest and forest product scientists are encouraged to apply for the 2008 Denis Cullity fellowship, supported by the forest and Wood Products Research and Development Corporation (FWPRDC).
If you would like to submit a news item to be considered for inclusion on Inwood Today, please email the text to: Australia, Jim Bowden, and all other countries to info@inwoodmag.comFWPRDC executive director Dr Glen Kile said the fellowship aimed to increase the value and benefits from research completed for the forest and wood products industry. Two fellowships will be awarded in September 2007 to high-calibre Australian scientists working in areas directly related to the industry. The fellowships will be for between three and six months during 2008 at an international research facility. The successful candidates will be actively engaged in a research project that increases his or her skills and capability, and /or provides direct benefit to the science and technology base. Applicants have until 31 July to submit applications. The fellowship was established in 2000 in honour of the FWPRDC’s inaugural chairman Denis M. Cullity, CMG, AO. Inquiries: (03) 9614 7544 or fax (03) 9614 6822. Email: info@fwprdc.org.au or visit the www.fwprdc.org.au All news on this site is compiled by Inwood Today and may be subject to international copyright. |
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