On 17 February 2009, Forestry Tasmania, Tasmania Softwood Fund and Southern Hemisphere Softwood Strategies (JV Participants) applied for authorisation of the relevant provisions of a joint venture agreement and related arrangements for the planting, cultivating, harvesting, processing, marketing and selling of softwood logs in Tasmania. The joint venture involves the Participants appointing Timberlands Pacific Pty Ltd to manage the joint venture assets, agreeing that each would appoint the manager as their exclusive sales agent, establishing (and continuing to develop) common marketing plans and entering into joint sales agreements with customers.
On 29 July 2009, the ACCC released a final determination granting authorisation to the Softwood Tasmania Joint Venture for 10 years.
A copy of the ACCC's determination is available by following the links below.
