Ethical Investor & Certified Timber
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Minister for Agriculture Fisheries & Forestry awards Kimberley Timber Corporation with NIDP
The highly competitive New Industries Development Programme (NIDP) Pilot Commercialisation Project grant was awarded to Kimberley Timber Corporation by the Hon Peter McGauran MP, Minister for Agriculture, Fisheries and Forestry on the 1st June 2007.
The NIDP is a key part of the Government's investment in Australia's rural industries and communities. Its aim is to assist businesses in the agricultural, processed food, fisheries and forestry industries to investigate innovative business ideas and opportunities, build on them, and turn them into competitive, profitable and sustainable commercial ventures.
KTC will be the first Australian company to establish local and export markets for Australian plantation grown African Mahogany. This internationally recognised and sought after timber variety will open the door to premium Australian plantation tropical timbers on the global market and help stem the flow of imported timbers to Australia.
Tree plantation investors win new tax breaks
Headline from the Financial Review, Friday, December 22, 2006.
The following paragraphs are quotes from the Federal Government Joint Media Release 21st December 2006:
"The Joint Federal Government Media Release from The Hon. Peter Dutton MP, Minister for Revenue & Assistant Treasurer and Senator The Hon. Eric Abetz. Minister for Fisheries, Forestry & Conservation, announced new arrangements for the taxation of investments in Forestry Managed Investment Schemes (MIS)."
"The Ministers pointed out that the new arrangements will provide greater certainty for investors."
"The Government has decided that, with effect from 1 July 2007, investors in forestry MIS will be entitled to immediate upfront deductibility for all expenses... It will not be necessary for taxpayers to demonstrate that they are carrying on a business in order to access the statutory deduction. ...and will be removed from the GST net."
"The government is supportive in-principle of removing impediments to secondary markets..."
"They will ensure the continued expansion of our plantation forestry estate, so reducing our reliance on native forests and on overseas imports."
"The new arrangements also recognise the critical role plantation forestry plays in sequestering greenhouse gases."
Kimberley agriculture set to thrive
The West Australian Newspaper, Perth Western Australia, Monday October 30, 2006.
The following paragraphs are quotes from the article:
"Exciting test results from Indian sandalwood plantation and a move that potentially clears the way for genetically modified cotton have added to the Kimberley's potential agricultural boom."
"Wyndham East Kimberley Shire president Michele Pucci said, both announcements were great news for the region. "I think the Kimberley is an agricultural mecca with a diverse range of crops," she said."
"Tropical Forestry Services Corporation chairman Frank Wilson said Sandalwood oil for perfume sold for almost $2000/kg. TFS Corporation had forecast each hectare of its Indian Sandalwood would produce 300kg of oil and its first crop was about five years away."
"Dwindling natural supplies had seen prices rise worldwide for quality timber and oil. He said early talks with European fragrance market revealed supply could not meet demand. "We believe the demand from the fine fragrance market is greater than we had originally predicted," he said"
