As you probably know Great Southern Plantations Limited have
now joined the land grab by forest operations companies in Tasmania and are now
paying $5000 per hectare. Only the prime cropping and dairying properties are
outside their grasp at this stage. What happens when milk prices take a dive
and/or vegetable growers suffer another blow before they have a chance to get
off the canvas? It may be too late to act at that stage.
It is not
intended to be an exhaustive treatise, rather some comments from one who is
interested in economic policy issues, is a tax practitioner and who resides in
an area that has experienced the impact of tree plantations in recent years.
References to the 1936 Act and the 1997 Act are obviously references to the
Income tax Assessment Acts of those particular years.