Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Forest growers to elect first board

8 October 2013

Forest growers to elect first board

The Forest Growers Levy Trust, the new organisation representing the interests of all plantation forest owners, large and small, is calling for nominations for its first elected board.

Chair Geoff Thompson says the referendum board of the Trust has applied to associate minister for primary industries Jo Goodhew for a commodity levy on logs and some other plantation forest products. The levy order, which is expected to be issued shortly, will establish a compulsory levy that will apply from 1 January 2014.

“In anticipation of this, elections are being held for the Trust board that will administer the funds raised by the levy. Nominations will be open from 14-31 October, followed by an on-line election for board members from 5-22 November.”

The Trust board will have seven members. Two will be elected by growers with less than 1000 ha of eligible plantation forest, with each grower having one vote. Four will be elected by growers with 1000 ha or more of eligible plantation forest, with voting proportional to their production. The seventh member will be selected by the elected board members.

In March this year a strong majority of forest growers voting in a referendum favoured a compulsory levy to fund activities that benefit all growers, like bio-security, research and health & safety.

The levy rate is 27 c a tonne of harvested wood in the first year. The funds raised, which are expected to total more than $6.5 million a year, will be used to fund a work plan that was put to growers in the referendum.

Mr Thompson says that each year, after consulting with growers, the Trust board will contract out this work to the Forest Owners Association (FOA), Farm Forestry Association (FFA), Scion Research and other relevant organisations.

“The board will not deliver the services itself, but will closely monitor performance against agreed benchmarks and outcomes,” he says.

Full details of the elections, including the process for nominations, as well as other information about the levy, are available at www.forestvoice.org.nz

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



Consumer NZ: Buy-now, Pay-later Raking In $10m+ In Late Fees Annually

A Consumer NZ survey has found buy-now, pay-later services are costing shoppers more than $10 million a year in late fees. Close to four out of 10 Kiwi consumers use buy-now, pay-later services, such as Afterpay, Laybuy and Zip... More>>

Westpac: Catherine Mcgrath Appointed New Zealand CEO

Westpac Group CEO Peter King and the Westpac New Zealand Board today announced the appointment of Catherine McGrath as Chief Executive Officer, Westpac New Zealand... More>>


Amazon: AWS To Open Data Centres In New Zealand

Today, Amazon Web Services (AWS), announced plans to open an infrastructure region in Aotearoa New Zealand in 2024. The new AWS Asia Pacific (Auckland) Region will consist of three Availability Zones (AZs) and join the existing 81 Availability Zones across 25 geographic AWS Regions at launch... More>>

ALSO:



Statistics: Surge In Imports Results In Record Monthly Trade Deficit
Imports increased $1.8 billion in August 2021 compared with August 2020, resulting in a record monthly trade deficit of $2.1 billion, Stats NZ said today. Exports were little changed, down $42 million. "This is a larger deficit than normal because of higher values for imports.. More>>

Fonterra: Completes reset, announces annual results and long-term growth plan out to 2030

Fonterra Co-operative Group Limited today announced a strong set of results for the 2021 financial year, reflected in a final Farmgate Milk Price of $7.54, normalised earnings per share of 34 cents and a final dividend of 15 cents... More>>


Statistics: GDP rises in the June 2021 quarter

Gross domestic product (GDP) rose by 2.8 percent in the June 2021 quarter, following a 1.4 percent increase in the March 2021 quarter, Stats NZ said today. June 2021 quarter GDP was 4.3 percent higher when compared with the December 2019 quarter... More>>