Issue 144

Page 1

6458

AFS/01-10-01 www.forestrystandard.org.au

Advertising: Tel +61 7 3256 1779 Email: cancon@bigpond.net.au

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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Visit: www.osmose.com.au or phone: 1800 088 809 Osmose® and DeterMite® are trademarks of Osmose, Inc. or its subsidiaries. DeterMite treated timber products are produced by independently owned and operated wood preserving facilities. © 2010 Osmose, Inc.

Advertising: Tel +61 7 3256 1779 Email: cancon@bigpond.net.au

issue 144 | 27.09.10 | Page 1


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