KIPT back on track once more
KANGAROO ISLAND Plantations Timbers has received notification that its application to the Environment Protection Agency of South Australia for the reinstatement of a licence to operate a timber preservation facility has been granted. The licence enables the company to treat pine logs derived from its thinning activities with CCA or creosote to produce peeled cylindrical fence posts and poles. These operations will take place at the company’s timber mill located near Parndana on Kangaroo Island, using existing equipment, and will be undertaken by a subcontractor, who will harvest and purchase the timber and rent the necessary equipment from the company.
Tassie timber boosting confidence
A boost in confidence among northern Tasmanian businesses has been attributed to the plantation forestry and tourism industries, according to the Tasmanian Chamber of Commerce and Industry (TCCI) in its quarterly Survey of Business Expectations. Businesses in the northern region joined those in the south in showing confidence in Tasmania’s economy. It was one of the first big spikes in business confidence in the north-east since the demise of Gunns in 2012.
New bid to strip assets
FORMER Gunns boss John Gay will return to court next month as authorities renew a bid to strip him of his assets. The Commonwealth Director of Public Prosecutions is pursuing Gay in a proceeds of crime action stemming from his insider trading in 2009. He was convicted of insider trading in 2013 after he pleaded guilty to selling about $3 million worth of Gunns shares while privy to market sensitive information. At the time he was the timber giant’s managing director. In a sentence widely criticised for its perceived leniency, Gay was fined $50,000 and banned from acting as a company director for five years. The ban was later relaxed to allow him to run a family company.