Maroc - TIMBERBIZ.COM.AU - A La Une - 28/Jun 00:12

Private timber reserve application fee increase

As of 1 July 2024, Tasmania’s private timber reserve application fee will increase from $623.00 to $654.50. Source: Timberbiz The fee for a private timber reserve (PTR) application is payable to Private Forests Tasmania and represents the cost of processing an application to declare land as a private timber reserve. Private timber reserves create a secure environment for investment in private forestry within Tasmania and help to deliver commitments for the sustainable management of private forests. A PTR is an area of private land set aside for forestry purposes and registered on the title. It is land or forest used to establish forests or grow or harvest timber in accordance with the Forest Practices Code. PTRs may cover a single title or several titles and be over the whole of a title, or part of a title. It must be at least five hectares in size. A PTR provides long-term security to manage land for forestry purposes and local government approval is not required when undertaking forestry operations on land declared a private timber reserve. Learn more about private timber reserves HERE. The fee to accompany an application to declare land as a private timber reserve is set under Forest Practices Regulation 2007. The private timber reserve application fee is 350 fee units. The value of a fee unit is set annually via the Fee Units Act 1997. The value of a fee unit in for 2024 – 2025 is $1.87. The increase from $623.00 to $654.50 is an automatic increase, required under the Fee Units Act 1997. This fee is exclusive of GST. Other fees payable under the Forest Practices Regulation 2007, Application Fee to Certify Forest Practices Plan and Tree Fern Tag, will also increase.