Question On Notice No. 420 asked in the Legislative Council on 31 October 2017 by Hon Diane Evers
Question Directed to the: Minister for Regional Development representing the Minister for Forestry
Parliament: 40 Session: 1
Tabled Paper No: 973-
View tabled paper
Question
I refer to the answers to Question 3c, provided by the Forest Products Commission (FPC) in the 2017-18 Budgets Estimates Hearings - Questions Prior to Hearings and ask, could the Minister please advise the forecast change in biological assets each year, from 2017-18 to 2020-21, noting the FPC Annual report each year only provides the figure for the reported year and the previous?
Answered on 5 December 2017
[See tabled paper no.] which details the forecast change in biological asset value each year from 2017-18 to 2021-22.
The forecasts represent a reduction in the value of biological assets:
• The sandalwood value reduction is due to the valuation horizon which reduces annually to align with the Sandalwood (Limitation of Removal of Sandalwood) Order 2015 which terminates 31 December 2026.
• The plantation estate value reduction is due to the clearfall of plantations on the Gnangara mound not being replanted.
• The value of the native forest asset is assumed not to change over the forecast period.