Tiwi Islands – Northern Territory

Who is “Tiwi Plantation Corporation” ?

Posted by tiwiccbb on February 12, 2010

Tiwi forest trades hands

By Lorna Perry

Monday, 25/01/2010

Tiwi land owners have taken complete control of the forestry plantation once owned by Great Southern.

A deal for the equipment was signed late Friday with administrators McGrath Nicol accepting the offer put forward by the recently formed Tiwi Plantation Corporation.

Managed Investment Scheme company Great Southern collapsed mid last year leaving the future of the 30 000 hectare timber plantation in doubt.

But that’s no longer the case and Roger Smith from the Tiwi Plantation Corporation says it’s a good outcome.

He says they are still seeking commercial investment in the plantation.

“In the meantime we’re also talking to Aboriginal Benefits Account, people from Indigenous Land Corporation and people from Indigenous Business Australia as to how they can assist in the process.”

Operations on site have been proceeding as normal since the collapse of Great Southern and Mr Smith says up to 13 Tiwi people are employed.

He is confident that the plantation will be able to stay viable for a while despite the absence of commercial investors.

“We have to resolve… commercial invesment so that will be the main priority for the next two/three months.”

In this report: Roger Smith, Tiwi Plantation Corporation

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: