New South Wales Consolidated Acts

FORESTRY ACT 2012 - SECT 91

91 Harvesting and haulage costs review

(1) As soon as practicable after the first 3 full financial years after the commencement of this section and every 3 financial years thereafter, the Corporation is to--

(a) review its native timber harvesting and haulage costs, and

(b) prepare a report on the results of the review that benchmarks those costs against the costs of similar organisations undertaking similar native timber harvesting and haulage operations.

(2) The Corporation may, subject to such requirements as may be prescribed by the regulations, engage an expert body or person for the purposes of the review and report.

(3) The Corporation is to provide its report to the Independent Pricing and Regulatory Tribunal.

(4) The Tribunal is to review the report of the Corporation and make any recommendations it thinks appropriate to the Corporation about improvements that the Corporation might make to its management of native timber harvesting and haulage to reduce its costs. In making any such recommendation, the Tribunal is not limited to matters included in the report and may take into consideration any information the Tribunal considers relevant.

(5) The reports and recommendations of the Corporation and the Tribunal are to be provided to the voting shareholders of the Corporation, who are required to make them publicly available.

(6) The Tribunal is (subject to the regulations) entitled to charge the Corporation for the costs reasonably incurred by the Tribunal in exercising its functions under this section.

(7) The regulations may make provision with respect to reviews and other matters under this section.

(8) Sections 24AB- 24AD of the Independent Pricing and Regulatory Tribunal Act 1992 apply to the function of the Tribunal under this section in the same way they apply to the function of the Tribunal under section 24AA of that Act.

(9) In this section--

"financial year" means a period of 12 months commencing on 1 July.

"native timber harvesting and haulage" does not include timber harvesting and haulage from plantations.