The Federal Budget has been welcomed by the Australian Forest Products Association for its significant measures to support jobs, businesses, and manufacturing investment as Australia looks to kick-start the economy. Source: Timberbiz
The Budget details a $65 million bushfire support package that will provide relief to forest industries devastated by the Black Summer bushfires, including the $40 million Forestry Recovery Development Fund, $10 million Salvage Log Storage Fund, and the $15 million Forestry Transport Assistance Fund. The Federal Government’s $250 million waste and recycling infrastructure investment is essential to support innovation in this important sector.
“The Budget has detailed measures, including components of the $1.9 billion for low emissions and renewable technologies, that should support our renewable forest industries, regional jobs, and help develop new bioenergy and the bioeconomy initiatives,” acting AFPA CEO Gavin Matthew said.
“We know that bioenergy can deliver baseload power 24 hours a day, 7 days a week, unlike many alternative renewables, and wood fibre is a sustainable biological resource that produces renewable wood and paper products, including new innovative bioproducts,” he said.
Mr Matthew said there was a clear recognition that housing construction is the engine room for growth and jobs in Australia’s economy.
“Australia’s timber processing industry supplies most of the renewable timber products for new houses built in Australia and a substantial portion of multi-unit and commercial construction,” he said.
“The Federal Government’ HomeBuilder program is welcome and has seen confidence in the new home market improve. HomeBuilder’s extension beyond 2020 and ongoing refinement of its settings are needed to ensure this important activity continues,” Mr Matthew said.
Last night’s Federal Budget also detailed the ongoing initial implementation of the National Forest Industries Plan.
AFPA and industry would continue to work with the Federal Government on measures to meet the one billion new trees target, and ensure the elements needed to turbocharge local forest products manufacturing in this country were delivered.
“AFPA reminds policymakers our renewable forest industries can play a significant role in both Australia’s COVID-19 recovery and in preparing for a low-emission manufacturing future,” Mr Matthew said.
“To build Australia’s resilience we need to continue supporting regional jobs, reducing Australia’s $2 billion annual trade deficit, and producing more value-added forest products locally.”
