Kimberley Timber Corporation has attained a tax product ruling that will allow it to invest in environmentally-friendly products – the first such ruling in Australia.
Kimberley’s managing director Rick Ferdinands said that the new law allowed “super funds” to contribute to forestry projects for the first time.
The aim of the legislation is to encourage the expansion of commercial plantation forestry in Australia. Kimberley Timber currently holds 300ha of plantation African mahogany in the Ord River Irrigation Area.
