Forest Plundering

We could fill a 10 volume encyclopaedia with stories of VicForests' plundering exploits, but in this section we will just stick to 10 main topics.

VicForests plans EG forests as industrial furnace fuel

30 May 2015

Big River East GippslandA leaked three-year business plan of VicForests reveals multi-million dollar taxpayer losses among other startling revelations. East Gippsland is mentioned as the most uneconomic region having made losses of $5.5 million p.a. for years. This region supports the most exquisite and wildlife rich forests in SE Australia - that have been clearfelled to sell as ‘waste’ – and we are paying them to carry out this destruction. But that’s not the worst of it.

Creative accounting – VicForests style

9 April 2015

Paper profits for political appearances Cooking the books cartoon

VicForests Annual Report for 2014 is now available here and they are claiming a profit of $3.4 million this year, but this claimed profit is a mirage, created for political reasons.

$2.6m seems to have been generated (on paper at least) by re-valuing "forestry assets", see Note 3c, p.42

Another $1.1m is gained in reduced Road access fees (payable to DEPI/DELWP). Given the volume of timber carted is almost identical to the previous year, it is not clear why this fee would be reduced. Possibly to help a loss making government entity look healthy and profitable.

VicForests’ Relies on Loans and Over-states Equity to Conceal Poor Performance

23 July 2013

VicForests, the state government’s native-forest logging agency, has incurred cash losses of $22.2 million since it commenced operating in 2004, says a new report, commissioned by volunteer group Healesville Environment Watch Inc. (HEWI). This equates to $1.50 for each cubic metre of wood (pulp and saw logs) it has sold. The report was conducted by the New Economics Advisory Service of the Australian Conservation Foundation.

VicForests bungle exposed

11 December 2012

This is a little complex but it basically shows that VicForests excel in stuffing up. Public forests are vested in VicForests for a number of years while it gets around to clearfelling them and then afterwards while it oversees the supposed regeneration of them. This can take years – and of course costs them many thousands to regenerate each area.

In late October the Victorian Government forced VicForests to take back responsibility for 1,500 hectares of logged forest that it had wrongly returned to the Government. VicForests has been told to properly regenerate the areas.

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