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AFS/01-10-01 www.forestrystandard.org.au
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issue 144 | 27.09.10 | Page 1
Lifeline for MIS
This Issue
Reprieve for forest schemes in bid to buy back Great Southern plantations
• Rebuilding Christchurch with solid wood • Mid-rise buildings flourishing in British Columbia
By JIM BOWDEN
TWO failed managed investment schemes have been thrown a lifeline in a bold 11th hour bid to raise more cash and reinstate the rights of investors to the plantations. Forest industry champion Tony Jack, the founder of Integrated Tree Cropping, has confronted the receiver of two defunct Great Southern schemes with the plan he has pitched to the 7000-plus investors. The bid by Mr Jack’s Black Tree conduit has the support of most of the original backers, including Bob Bunning of the family that founded the warehouse chain. Great Southern receiver McGrath Nicol is believed to
p India charms wood
have hired a corporate advisory firm to find a buyer for the land on which the trees stand. Great Southern started essentially as an agribusiness
company that managed trees, expanding to horticultural products and cattle and then packaging them as investment
traders • Joe Ludwig hits ground running • Formaldehyde: new laws in US for composite wood • Major life cycle study on American hardwoods • AFS gives status to WA native forests • IFA call for science review of Tassie reserves
Cont Page 10
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Advertising: Tel +61 7 3256 1779 Email: cancon@bigpond.net.au
issue 144 | 27.09.10 | Page 1