Definition of terms and acronyms
A direct debit is an electronic means of paying bills from a bank account when they fall due, such as for paying Calls. An investor authorises Forest Enterprises to automatically withdraw from their nominated account the exact amount owing, as a convenient way to meet payment deadlines and avoid fees for paying by cheque or [...]
The cash return to Investors from the net proceeds of harvest revenue. Payment of distributions is likely to be made up to four times per year once cashflow from harvest has commenced, harvest expenses have been paid, and when surplus funds are available. Not all harvest income (distributions) is paid in the same year as [...]
The largest trees in a stand.
If a species is endemic to a particular area, that means it is specific to that area and not found naturally elsewhere.
The planting phase of a forest, all the physical operations needed to bring a treecrop into being, including the purchase of land.
See Carbon Lease.
Trees retained until the final felling of a stand.
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. [...]
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.
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.