❓ Question regarding the forecast reduction in the value of biological assets (sandalwood, plantation estate, native forest) due to specific forestry management practices and regulations. The answer refers to a tabled paper detailing the forecast changes.
AnsweredQoN 420Legislative Council
QuestionView source ↗
The forecasts represent a reduction in the value of biological assets: • The sandalwood value reduction is due to the valuation horizon which reduces annually to align with the Sandalwood (Limitation of Removal of Sandalwood) Order 2015 which terminates 31 December 2026. • The plantation estate value reduction is due to the clearfall of plantations on the Gnangara mound not being replanted. • The value of the native forest asset is assumed not to change over the forecast period.
AnswerView source ↗
Answered
5 December 2017
Responded by
Minister for Regional Development representing the Minister for Forestry
Response time
9 days
[See tabled paper no.] which details the forecast change in biological asset value each year from 2017-18 to 2021-22.
The forecasts represent a reduction in the value of biological assets:
• The sandalwood value reduction is due to the valuation horizon which reduces annually to align with the Sandalwood (Limitation of Removal of Sandalwood) Order 2015 which terminates 31 December 2026.
• The plantation estate value reduction is due to the clearfall of plantations on the Gnangara mound not being replanted.
• The value of the native forest asset is assumed not to change over the forecast period.
The forecasts represent a reduction in the value of biological assets:
• The sandalwood value reduction is due to the valuation horizon which reduces annually to align with the Sandalwood (Limitation of Removal of Sandalwood) Order 2015 which terminates 31 December 2026.
• The plantation estate value reduction is due to the clearfall of plantations on the Gnangara mound not being replanted.
• The value of the native forest asset is assumed not to change over the forecast period.
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