How is forestry investment regulated?
Forestry is controlled by a wide range of Commonwealth and State legislation. Corporations offering plantation investments for public subscription are required by the Corporations Laws to submit a prospectus to the Australian Securities and Investments Commission (ASIC). Amongst many requirements, the prospectus must outline what the investor will receive for the investment. It also requires independent expert reports on the investment and a compliance committee to be established to supervise the delivery of the undertakings made in the prospectus. This provides protection for investors. At all costs when entering into an agreement for a forestry investment, legal advice is essential.
