The implementation, operation and administration of the legislation underpinning carbon sink forests

24 Sep 2008

A number of broad issues relating to the impact of taxation incentives for the establishment carbon sink forests were examined during the committee's consideration of this legislation. These included: • the impact on prime agricultural land; • the impact on rural communities and industries; • enforceability of carbon sequestration property rights over consecutive landowners; • the permanency of new plantings; • the requirement that plantings be contiguous; • incentives for biodiverse planting; • the potential for undesirable taxation outcomes; • the need for the tax incentives; • Managed Investment Schemes; and • recognition of other forms of carbon stores. The members of the committee were unable to agree on issues raised during the inquiry, so this report includes two dissenting reports.

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