Business, Earthmoving News

NSW plans timber compensation fund

State government to launch compensation fund for flood-affected timber operators

The New South Wales state government has announced a $10 million support package for timber producers in flood-affected areas.

The Hardwood Timber Haulage Subsidy Program will aid producers impacted by supply shortages from flood-affected regions of the state with a subsidy of $30 per tonne of timber.

Businesses can claim up to $500,000 under the program which will help operations, workers and builders to both continue operations and help rebuild areas damaged by floods.

The subsidy program will be available in the 18 Local Government Areas which were declared disaster zones.

The program was launched last week and is designed to ease the cost of transporting timber to sawmills – many of which are located in the state’s northeast – and help businesses which generate hundreds of local jobs, says NSW Deputy Premier and Minister for Regional NSW, Paul Toole.

“The $10 million Hardwood Timber Haulage Subsidy Program will cover the cost for businesses to transport materials from outside their existing supply areas and get them into processing facilities,” Toole says.

“This funding boost keeps locals in jobs while supplying high-quality timber for the construction industry as we continue to rebuild our flood-affected communities.”

The program is co-funded by the NSW and Australian governments under the Disaster Recovering Funding Arrangements.

Minister for Agriculture and Western NSW Dugald Saunders says the state’s timber industry and availability of materials has been severely impacted by the wet weather.

The damaged access to forests in NSW may take many months to repair, resulting in low or no harvesting activity and a critical lack of supply of hardwood resources that timber processing facilities would normally rely on,” he says.

“This assistance will allow us to support the long-term recovery of our flood-impacted regions and will bridge the gap of diminished hardwood resources.”

More information about the Hardwood Timber Haulage Subsidy Program and how eligible businesses can apply will be made available in coming weeks.

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