The preservation of the world's forests is in China's hands according to an environmental campaign group that is accusing the biggest wood importer and consumer of fuelling the illegal timber trade. Sources: Mysinchew, Construction Source

Call it a $127.5 million tax mistake that can't be undone. Bank of New Zealand and other secured creditors in two collapsed forestry companies can't reclaim $127.5m that was paid to Inland Revenue by a partnership owned by the companies, the Supreme Court has ruled. Source: Business D

Sandalwood timber manager TFS Corp will sell its $45 million managed investment scheme (MIS) grower loan book with funds flagged for either reinvestment in the business or returned to shareholders. Source: Australian Financial Review

Pryda and Keith Timber are manufacturing of some of the longest span prefabricated timber roof trusses ever built. These are for a South Australian aged care facility at Gawler north of Adelaide. Source: Timberbiz

Dongwha Timbers sawmill in Bombala will lead the way in energy efficiency and reducing pollution thanks to an $8.2million Gillard Government grant announced last Friday. Source: Bombala Times

WorkCover NSW is warning workers to take precautions during the coming weeks with the Australian Bureau of Meteorology predicting hot weather conditions in NSW, sentiment that should be echoed in all Australian states during summer. Source: Timberbiz

As the Tasmanian Forests Agreement starts its passage through the Tasmanian parliament it continues to stir extraordinary disputes. Timber Communities Australia (TCA) is at loggerheads with its own members after choosing to sign the agreement. Sources: The Examiner, The Mercury, The A

For the first time scientists have assessed the main activities driving deforestation and forest degradation at the national level in most developing countries — providing essential information for countries negotiating climate change policies at this fortnight’s UN climate talks in D