Endemic
If a species is endemic to a particular area, that means it is specific to that area and not found naturally elsewhere.
Establishment
The planting phase of a forest, all the physical operations needed to bring a treecrop into being, including the purchase of land.
ETS Carbon Lease
See Carbon Lease.
Final Crop
Trees retained until the final felling of a stand.
Financial Report
A comprehensive report on each forest Limited Partnership activities and financial performance (financial statements) from the preceding financial year. Year end balance dates are either 31 December or 31 March. The Financial Report, together with the Annual Report, is sent to shareholders within four months of the balance date and after the independent financial audit process. [...]
Forest Growers Levy
A levy applied to all harvested wood products (logs) and payable to the Forest Growers Levy Trust as per the Commodity Levies Act (2013). It is deducted at harvest. For further information on this levy visit the Forest Growers Levy Trust website.
Forest Management Plan
The Plan sets out the activities for the establishment, management and harvest of the Radiata pine forest, the primary asset of Forest Enterprises' investments, and is carried out by Forest Enterprises as Forest Manager.
Forestry Right
A right granted by the owner of land to someone else to establish and/or maintain and harvest a forest. Forestry Rights are commonly registered against the titles to the relevant land under the Forestry Rights Registration Act 1983.
General Partner
Under the Limited Partnerships Act 2008, the General Partner (GP) is the person is responsible for the day-to-day management of the Limited Partnership and its business. This management responsibility has been contracted out by the GP to Forest Enterprises Limited as the Investment Manager. However, limited partners retain control by holding shares in the General [...]
Genetic Improvement/Genetically Improved
Improving the growth performance, wood quality and other aspects of trees through breeding.