In Brief

Australian Forests and Timber - - IN THE NEWS -

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.

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