Wednesday 23rd May 2018

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ATO Fact Sheet - Can I claim a deduction?

News from Basalt to Bay:

The Economic Benefits of Native Shelterbelts Report continues and Basalt to Bay are always looking at ways to short circuit the reasons why farmers do not plant shelterbelts. Just before Christmas we pulled off a bit of a coup with the ATO, and the resulting "tax one pager" is available from the Basalt to Bay website in publications: 

What it is is a short statement written by the ATO at our insistence, that helps tell primary producers what they can claim under Landcare works so they can have a proper informed discussion with their accountant and farm advisor and self motivate on these activities.

This resource will go out across Australia in the Fairfax media publications during the week of the 23rd March and has solid endorsement from the Australian Tax Commissioner.

Last week Private Forestry Tasmania picked it up and have listed it on their website and sent it to their members. PFT are also taking up the opportunity to request the ATO produce another one-pager focussed on the tax incentives for agroforestry and forestry. I expect this will be of great use and Basalt to Bay will forward as soon as it is completed.

Meanwhile I hope you can all make use of the Landcare version and use it to help people transition into planting more native vegetation for productivity and land health.

Kind regards

Mrs Lisette MILL

Basalt to Bay Landcare Network Facilitator for

Moyne and Warrnambool Regions, South West Victoria, Australia.
Hours of Business: Monday to Friday 9 am to 3pm.

All mail to: P.O. Box 5465, Warrnambool, VIC 3280
Physical Office Location: Koroit Historic Railway Station, Bourke Avenue, Koroit, VIC 3282
Mobile: 04 08 712 713

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Plan for the transformation of the Australian Forest Products Industry

For your interest and information, please refer to a media release from Rob de Fegely, co- Chair of the Forest Industries Advisory Council (FIAC) (and President of the Institute of Foresters of Australia) announcing the 1st June 2016 release of FIAC's "Plan for the transformation of the Australian Forest Products Industry".

This report is FIAC's advice to government based on forest industry responses received to their Strategic Directions Issues Paper "Meeting Future Market Demand: Australia's Forest Products and Forest Industry" (March 2015). AFG contributed a response to this issues paper and it is pleasing to see farm forestry included in the recommendations of the FIAC plan.

The Forest Industry Advisory Council has developed a goal to triple the economic value of the forest industry by 2050 – something they aim to achieve by implementing three major objectives, summarised as follows by Rob de Fegely .....

‘Firstly we will have the right trees in the right place at the right scale. The forest industry has not always developed its forest resources as sympathetically as we should have, and we are keen to ensure that new development is wisely integrated with agriculture and rural communities.

Secondly we will produce bio-products using all parts of the tree to a cellular level. It is critical that we maximise the use of all the wood that is harvested to not only optimise returns but limit waste. Almost any product that is made from fossil fuels can be made from wood and we see an exciting future for new bio based products such as fuels, solvents, plastics and pharmaceuticals as well as innovations in more traditional wood products such as engineered wood.

Thirdly we will distinguish ourselves by being environmentally friendly, socially responsible and valued by the community. Our production forests are very public and we are keen to continue improving our environmental management and communication so that our rural neighbours and the Australian community at large understand and appreciate what we can do for our economy and the environment.'

Please access the report via the following links:

Forest Industry Advisory Council report

Recommendations sheet

Please direct further comments or request for interviews to: Rob de Fégely 0415 486 201

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