Hon. Louise Kingston questions the Minister for Forestry regarding the Forest Products Commission's (FPC) stumpage schedules, specifically concerning sharefarmers and potential underpayment given rising log prices since 2020. The Minister responds that an assessment was conducted, but no changes were made.

AnsweredQoN 1302Legislative Council
Asked
23 October 2024
Portfolio
Forestry

QuestionView source ↗

FOREST PRODUCTS
COMMISSION — STUMPAGE SCHEDULES
1302. Hon LOUISE KINGSTON to the Minister for Forestry:
I refer to question without notice
335 of 28 March 2023 asked by Hon Dr Steve Thomas, in answer to which the
minister stated that the Forest Products Commission was reviewing the stumpage
schedules and looking at retrospective payments to affected sharefarmers. I note
that on the FPC website, the stumpage schedules remain unchanged since June
2020.
(1) Has the promised review of the
sharefarming stumping schedules been undertaken?
(a) If yes, when, and what was the
outcome of that review?
(b) If not, why
has it not been completed, given that log prices have increased by about 40 per
cent since 2020?
(2) Is the FPC
underpaying sharefarmers; and, if not, is the FPC's annual report
deficient in not identifying the back payment of sharefarmers as a contingent
liability?
(3) When does the minister expect
current stumpage schedules to be published on the FPC website?
(4) Will the minister instruct the
FPC to promptly do so?

AnswerView source ↗

I thank the honourable member for
some notice of the question.
(1)–(4) The
Forest Products Commission conducted an initial assessment and no changes were
made to the stumpage schedules. The stumpage schedule takes several factors
into consideration, including sawlog prices, other log product prices and
harvest and haul costs. Retrospective payments would be considered only in the
case of an error.

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