❓ Question seeks profit assessment of native forest logging coupes for 2013-14 and expected profit for 2014-15. Answer cites factors impacting profitability and ongoing assessment of bushfire impacts.
AnsweredQoN 2594Legislative Council
QuestionView source ↗
(1) What is the Forest Products Commission's assessment of profit on all native forest coups for the year 2013-2014? (2) What is the Forest Products Commission's expectation of profit on all native forest coups for the year 2014-2015?
AnswerView source ↗
Answered
17 March 2015
Responded by
Minister for Agriculture and Food representing the Minister for Forestry
Response time
28 days
(1) The then General Manager, Mr David Hartley, provided his assessment in the 2013/14 Annual Report Executive Summary:
"Financial performance of the native forest sector has been eroded by the uncertainty associated with the development of the new 10-year FMP, the closure of a major sawmilling and timber processing business, and the decline in the international market price of hardwood woodchips. The issuing of the new contracts should lead to the renewal of confidence and investment within the industry."
(2) The impact of the Northcliffe and Boddington bushfires on the timber industry is still being assessed. This will impact on the profit.
"Financial performance of the native forest sector has been eroded by the uncertainty associated with the development of the new 10-year FMP, the closure of a major sawmilling and timber processing business, and the decline in the international market price of hardwood woodchips. The issuing of the new contracts should lead to the renewal of confidence and investment within the industry."
(2) The impact of the Northcliffe and Boddington bushfires on the timber industry is still being assessed. This will impact on the profit.
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