{ "entity_id": "S-TAS-040", "folder": "Sustainable-Timbers-Tasmania", "name": "Sustainable Timbers Tasmania", "type": "Government-Owned Corporation", "jurisdiction": "TAS", "portfolio": "Forestry", "website": "https://www.sttas.com.au/", "data_status": "rich", "completeness": { "has_strategy_brief": true, "has_strategy_structured": true, "has_vision": false, "has_kpi_targets": false, "has_kpi_results": false, "has_strategy_overview": true, "has_legislation_text": true, "has_legislation_structured": false, "has_global_initiatives_text": false, "has_ideas": true, "has_artifacts": true, "n_ideas": 12, "n_legislation": 0, "n_artifacts": 2, "n_kpi_targets": 0, "n_kpi_results": 0, "n_outcomes": 2, "verified_own_data": true }, "strategy_profile": { "status": "published", "confidence": "high", "summary": "Sustainable Timber Tasmania is focused on delivering a sustainable and balanced approach to forest management in both native forests and plantations. Our focus is to foster sustainability, enhance biodiversity, and support community well-being. [AR p.1]", "official_site_url": "https://www.sttas.com.au/", "source_documents": [ { "type": "annual_report", "title": "Sustainable Timber Tasmania’s 2024 Annual Report Media Releases Last updated 3/7/2025", "url": "https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_Media_Release_16_October_2024_1_4e3b88a007.pdf", "period": "2025", "confidence": "high" }, { "type": "annual_report", "title": "Annual Report 2023-2024 Annual Reports Last updated 3/7/2025", "url": "https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf", "period": "2023-24", "confidence": "high" } ], "purpose": { "text": "Sustainable Timber Tasmania is focused on delivering a sustainable and balanced approach to forest management in both native forests and plantations. Our focus is to foster sustainability, enhance biodiversity, and support community well-being. [AR p.1]", "source_url": "", "source_page": 1, "source_deep_url": "" }, "vision": null, "strategic_priorities": [], "values": [ { "name": "Sustainability", "description": "", "source_url": "", "source_page": null }, { "name": "Biodiversity", "description": "", "source_url": "", "source_page": null }, { "name": "Community support", "description": "", "source_url": "", "source_page": null } ], "outcomes": [ { "name": "Outcome 1: Sustainable Forest Management", "description": "Sustainable Timber Tasmania manages 127,000 hectares of public production forests for reservation, and actively manages Special Management Zones (SMZ) within wood production areas for biodiversity. The forest is regenerated after harvesting, growing healthy forests and forest resources for future generations. [AR p.2]", "activities": [ "Forest harvesting", "Forest regeneration" ], "source_url": "", "source_page": 2, "source_deep_url": "" }, { "name": "Outcome 2: Economic Contribution", "description": "In 2023/24 Sustainable Timber Tasmania continued to strongly support Tasmanian business and paid more than $65.5 million to harvesting and transport contractors. The organisation maintained and increased its contribution to Tasmania’s economy, by paying a total of $139 million to 621 Tasmanian goods and services providers. [AR p.2]", "activities": [ "Contribution to the Tasmanian economy" ], "source_url": "", "source_page": 2, "source_deep_url": "" } ], "performance_measures": [], "document_alignment_terms": { "must_support": [ "Sustainable Timber Tasmania is focused on delivering a sustainable and balanced approach to forest management in both native forests and plantations. Our focus is to foster sustain" ], "watch_terms": [], "avoid_claiming_without_evidence": [] }, "review_note": "" }, "strategy_brief_md": "# Sustainable Timbers Tasmania — Strategy Brief\n\n**Reporting period**: 2024-25\n**Corporate plan in force**: 2025-26\n**Annual Report**: [2024-25](https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_Media_Release_16_October_2024_1_4e3b88a007.pdf)\n\n## Our purpose / purposes\n\n> Sustainable Timber Tasmania is focused on delivering a sustainable and balanced approach to forest management in both native forests and plantations. Our focus is to foster sustainability, enhance biodiversity, and support community well-being. [AR p.1](https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_Media_Release_16_October_2024_1_4e3b88a007.pdf#page=1) [CP p.1]\n\n## How we deliver\n\n> By choosing Tasmanian timber, individuals and industries are prioritising sustainability, quality, and ethical practices whilst supporting the local economy and employment. [AR p.1](https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_Media_Release_16_October_2024_1_4e3b88a007.pdf#page=1) [CP p.1]\n\n## Outcomes\n\n### Outcome 1: Sustainable Forest Management\nSustainable Timber Tasmania manages 127,000 hectares of public production forests for reservation, and actively manages Special Management Zones (SMZ) within wood production areas for biodiversity. The forest is regenerated after harvesting, growing healthy forests and forest resources for future generations. [AR p.2](https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_Media_Release_16_October_2024_1_4e3b88a007.pdf#page=2) [CP p.2]\n\n**Key activities:**\n- Forest harvesting\n- Forest regeneration\n\n### Outcome 2: Economic Contribution\nIn 2023/24 Sustainable Timber Tasmania continued to strongly support Tasmanian business and paid more than $65.5 million to harvesting and transport contractors. The organisation maintained and increased its contribution to Tasmania’s economy, by paying a total of $139 million to 621 Tasmanian goods and services providers. [AR p.2](https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_Media_Release_16_October_2024_1_4e3b88a007.pdf#page=2) [CP p.2]\n\n**Key activities:**\n- Contribution to the Tasmanian economy\n\n## Values and principles\n\n- Sustainability\n- Biodiversity\n- Community support", "strategy_overview_evidence_md": null, "internal_strategy_evidence_md": "# Sustainable Timbers Tasmania - Strategy, Performance, and Operating Profile\n\n**Generated at**: 2026-05-09T23:01:13.555894+00:00\n**Entity ID**: S-TAS-040\n**Entity type**: Government-Owned Corporation\n**Jurisdiction**: TAS\n**Portfolio**: Forestry\n**Website**: https://www.sttas.com.au/\n\n> Draft generated from scraped source material. Treat this as an evidence pack for editorial review, not a final judgement.\n\n## Source Coverage\n\n| Source type | Count |\n|---|---:|\n| annual-reports | 2 |\n| pages | 2 |\n\n## Executive Readout\n\n### Purpose\n\n- Rod Keenan Director 18 July 2022 N/A\nEvents Subsequent to Balance Date\nMs Jane Bennett Director 14 June 2023 N/A There have not been any matters or circumstances since\nDear Board Members\nthe end of the financial year that have significantly affected\nPrincipal Activities\nor may have significantly affected the operations of the\nIn relation to my audit of the financial report of Forestry Tasmania, trading as Sustainable Timber\nThe Organisation’s principal purpose is to manage Organisation, the results of those operations or the state of\nTasmania, for the financial year ended 30 June 2024, I declare that to the best of my knowledge\nand control all Permanent Timber Production Zone affairs of the Organisation.\nand belief, there have been no contraventions of:\nland and to undertake forest operations on Permanent\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [Page 41]\nSection F: Financial Instruments and Risk Management (continued) Section F: Financial Instruments and Risk Management (continued)\nSUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES SUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES\nFO R TH E Y E A R E N D E D 3 0 J U N E 2024 FO R TH E Y E A R E N D E D 3 0 J U N E 2024\nF1 Financial assets and liabilities (continued) F2 Financial risk management objectives\nFinancial assets Financial liabilities Fair value The Group’s finance function provides services to the business, coordinates access to domestic and international financial\nmarkets, monitors and manages the financial risks relating to the operations of the Group through internal risk reports which\nAmortised FVTOCI – Amortised\ncost FVTPL designated cost FVTPL Total Level 1 Level 2 Level 3 Total analyse exposures by degree and magnitude of risks.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [Page 42]\nSection F: Financial Instruments and Risk Management (continued) Section F: Financial Instruments and Risk Management (continued)\nSUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES SUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES\nFO R TH E Y E A R E N D E D 3 0 J U N E 2024 FO R TH E Y E A R E N D E D 3 0 J U N E 2024\nF2 Financial risk management objectives (continued) F2 F inancial risk management objectives The Group defines counterparties as having similar\n(continued) characteristics if they are related entities.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [Page 43]\nSection F: Financial Instruments and Risk Management (continued) Section F: Financial Instruments and Risk Management (continued)\nSUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES SUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES\nFO R TH E Y E A R E N D E D 3 0 J U N E 2024 FO R TH E Y E A R E N D E D 3 0 J U N E 2024\nF2 Financial risk management objectives (continued) F2 Financial risk management objectives (continued)\nThe Group’s current credit risk grading framework comprises the following categories: Gross Net\nExternal Carrying Loss Carrying\nCategory Description Basis for recognising expected credit losses credit Internal 12-month amount allowance amount\nNote rating credit rating or lifetime ECL $’000 $’000 $’000\nPerforming The counterparty has a low risk of default and does not have any 12-month ECL\npast-due amounts.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n\n### Role and Functions\n\n- [Page 41]\nSection F: Financial Instruments and Risk Management (continued) Section F: Financial Instruments and Risk Management (continued)\nSUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES SUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES\nFO R TH E Y E A R E N D E D 3 0 J U N E 2024 FO R TH E Y E A R E N D E D 3 0 J U N E 2024\nF1 Financial assets and liabilities (continued) F2 Financial risk management objectives\nFinancial assets Financial liabilities Fair value The Group’s finance function provides services to the business, coordinates access to domestic and international financial\nmarkets, monitors and manages the financial risks relating to the operations of the Group through internal risk reports which\nAmortised FVTOCI – Amortised\ncost FVTPL designated cost FVTPL Total Level 1 Level 2 Level 3 Total analyse exposures by degree and magnitude of risks.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Accordingly, the credit risk profile of these assets is presented based on their\nBonds and debentures D6 BBB- Performing 12 month ECL – 2,579 - 2,579\nlow credit risk past- due status in terms of the provision matrix.\nassets\nLiquidity risk management\nOther financial assets D6 N/A Performing Lifetime ECL - - -\n(simplified Ultimate responsibility for liquidity risk management rests with the Board of Directors.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [pages 4,5]\nctives values\n• Land management • Professionally manage public Respect\n• Sale of forest products production forests to maintain We create safe spaces BIOECONOMY\nwood resource and other\n• Fire management environmental, cultural and Responsibility\neconomic values\n• Forestry road We take ownership\nconstruction • Achieve zero harm to our people\nPROCUREMENT\nand maintenance and contractors Growth\nWe create sustainable value\n• Efficiently and effectively make\navailable agreed wood volumes\nExcellence\nand other services to our customers Sustainable Timber Tasmania acknowledges\nWe make it happen\nthe Forest Sector Sustainable\n• Achieve and maintain\nDevelopment Goals road map.\nfinancial sustainability\n7 8\nSUSTAINABLE TIMBER TASMANIA | ANNUAL REPORT 2024 SUSTAINABLE TIMBER TASMANIA | ANNUAL REPORT 2024\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- AM\nLevel 1, 99 Bathurst Street\nMs Kathryn Westwood Director 1 August 2018 N/A The Board will advise the Treasurer and the Portfolio HOBART TAS 7000\nMinister of its recommendation for a dividend payable by\nMs Therese Ryan Director 1 July 2019 N/A\nthe Organisation in respect of the 2023–2024 financial\nMs Kathy Schaefer Director 1 February 2020 N/A year within 60 days of the end of the financial year.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Tasmanian Government Businesses – Director and Executive Ms J Bennett Director 14-Jun-2023 52 4 2 6 64\nRemuneration reporting requirements and is prepared in Total 371 27 17 44 459\nThe CEO is appointed by the Premier and Portfolio accordance with Treasurer’s Instruction GBE 08-55-06\nMinister following selection and recommendation by the Annual Report and Statement of Compliance for GBEs and\nBoard.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Trade and other\nThe finance function reports periodically to the Group’s Finance, Audit and Risk Management Committee (FARMC) that\nreceivables D2 5,939 - - - - 5,939\nmonitors risks and policies implemented to mitigate risk exposures.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n\n### Strategic Priorities\n\n- In the 2023-2024 financial year, we\nIn 2023-2024, we sowed 149 million seeds across achieved a total comprehensive income of $0.3\n5,000 hectares to regenerate native forest, using million, a net profit after tax of $0.2 million, and\nlocally sourced seeds from native species.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Eric Abetz\nMinister for Business, Industry and Resources\nTarget Target Result Comment House of Assembly, Parliament House\n2023–24 2023–24\nHobart TAS 7000\nUnderlying net profit1 ($ million) (3.12)2 0.8 Met target\nNet cash flow from operations ($ million) 7.8 6.5 Target not met\nStatement of Compliance\nHigh quality eucalypt sawlog3 (cubic metres) 120,000 107,927 Met customer demand\nSpecial species sawlog (cubic metres) 8,400 8,889 Met target\nDear Minister,\nNative forest regenerated4 (hectares) 4,700 5,002 Met target\nIn accordance with Section 55 of the Government Business Enterprises Act 1995,\nPlantations re-established (hectares) 600 230 Met required needs we hereby submit for your information and presentation to Parliament, the Annual Report\nof Sustainable Timber Tasmania for the year ended 30 June 2024.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Forestry road maintenance to deliver\ncustomer requirements, plus non-commercial\nUp to 4,000 3,177 Met target\nmaintenance to provide continued public\naccess (kilometres) Yours faithfully,\nContribution to state prevention, preparation\nand detection of bushfires (percentage of >=70% 73% Met target\nemployees trained and available)\nLost time injury frequency rate – employees <=4 6.54 Target not met\nLost time injury frequency rate – contractors <=10 13.7 Target not met\nRob de Fégely\nAM\nSteve Whiteley\nChair Chief Executive Officer\nBoard of Sustainable Timber Tasmania Sustainable Timber Tasmania\n1 Underlying net profit is defined as the operating revenue less the operating expenditure.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [Page 16]\nFinancial\nSummary\nFinancial\nStatements\n$ ARROW-TREND-UP\nTotal comprehensive Net profit\n2023–2024\nincome after tax\n$0.3m $0.2m\nSUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES\nAS AT 3 0 J U N E 2024\nMONEY-CHECK-DOLLAR-PEN HAND-HOLDING-SEEDLING\nDirectors’ Report 26\nOperating Contribution Percentage\nAuditor’s Independence Declaration 27\ncash flows towards funding of the of purchases\nConsolidated Statement of Comprehensive Income 28\nTasmanian Government made from local\n$6.5m\nForestry Initiatives businesses Consolidated Statement of Financial Position 29\n$1.2m 97% Consolidated Statement of Cash Flows 30\nConsolidated Statement of Changes in Equity 31\nSection A: Corporate Information and Basis for Preparation 32\nSection B: Details on Financial Performance 34\nSection C: The Forest Estate 43\nNumber of Payments to Tasmanian\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [pages 16,17]\nmade from local\n$6.5m\nForestry Initiatives businesses Consolidated Statement of Financial Position 29\n$1.2m 97% Consolidated Statement of Cash Flows 30\nConsolidated Statement of Changes in Equity 31\nSection A: Corporate Information and Basis for Preparation 32\nSection B: Details on Financial Performance 34\nSection C: The Forest Estate 43\nNumber of Payments to Tasmanian\nTasmanian goods and services Section D: Details on Financial Position Items 46\nbusinesses paid providers Section E: Employee Entitlements 59\n621 $139m Section F: Financial Instruments and Risk Management 68\nSection G: Other Disclosures 81\nSection H: Certification of Financial Statements 86\nIndependent Auditor’s Report 87\n3 1 3 2\nSUSTAINABLE TIMBER TASMANIA | ANNUAL REPORT 2024 SUSTAINABLE TIMBER TASMANIA | ANNUAL REPORT 2024\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Rod Keenan Director 18 July 2022 N/A\nEvents Subsequent to Balance Date\nMs Jane Bennett Director 14 June 2023 N/A There have not been any matters or circumstances since\nDear Board Members\nthe end of the financial year that have significantly affected\nPrincipal Activities\nor may have significantly affected the operations of the\nIn relation to my audit of the financial report of Forestry Tasmania, trading as Sustainable Timber\nThe Organisation’s principal purpose is to manage Organisation, the results of those operations or the state of\nTasmania, for the financial year ended 30 June 2024, I declare that to the best of my knowledge\nand control all Permanent Timber Production Zone affairs of the Organisation.\nand belief, there have been no contraventions of:\nland and to undertake forest operations on Permanent\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Certain trade receivables\nwere found to be impaired and a reversal of prior period allowances of $42,000 (2023: allowance $321,000) has been\nChanges in assets and liabilities:\nrecognised within other expenses at note B1(b).\n(Increase)/decrease in trade and other receivables (2,083) 2,906\n(Increase)/decrease in other assets (243) (116) Additional information on the accounting policy for trade and other receivables and provision for expected credit loss is\ndisclosed in Section F Financial Instruments and Risk Management.\n(Increase)/decrease in inventories (2,373) (3,511)\nIncrease/(decrease) in trade and other payables 3,821 (614)\nIncrease/(decrease) in contract liabilities (350) 3\nIncrease/(decrease) in deferred tax 256 3,232\nIncrease/(decrease) in provisions 97 870\nNet cash provided by operating activities 6,526 3,614\n5 3 5 4\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [pages 27,28]\ns been\nChanges in assets and liabilities:\nrecognised within other expenses at note B1(b).\n(Increase)/decrease in trade and other receivables (2,083) 2,906\n(Increase)/decrease in other assets (243) (116) Additional information on the accounting policy for trade and other receivables and provision for expected credit loss is\ndisclosed in Section F Financial Instruments and Risk Management.\n(Increase)/decrease in inventories (2,373) (3,511)\nIncrease/(decrease) in trade and other payables 3,821 (614)\nIncrease/(decrease) in contract liabilities (350) 3\nIncrease/(decrease) in deferred tax 256 3,232\nIncrease/(decrease) in provisions 97 870\nNet cash provided by operating activities 6,526 3,614\n5 3 5 4\nSUSTAINABLE TIMBER TASMANIA | ANNUAL REPORT 2024 SUSTAINABLE TIMBER TASMANIA | ANNUAL REPORT 2024\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [Page 36]\nSection E: Employee Entitlements (continued) Section E: Employee Entitlements (continued)\nSUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES SUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES\nFO R TH E Y E A R E N D E D 3 0 J U N E 2024 FO R TH E Y E A R E N D E D 3 0 J U N E 2024\nE5 Key management personnel compensation and other disclosures E5 Key management personnel compensation and other disclosures (continued)\nWhen members of key management personnel are unable to fulfil their duties, consideration is given to appointing other\nRemuneration principles members of senior staff to their position during their period of absence.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [Page 38]\nSection F: Financial Instruments Section F: Financial Instruments and Risk Management (continued)\nand Risk Management SUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES\nFO R TH E Y E A R E N D E D 3 0 J U N E 2024\nSUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES F1 F inancial assets and liabilities • For equity instruments measured at FVTOCI, exchange\nFO R TH E Y E A R E N D E D 3 0 J U N E 2024 (continued) differences are recognised in other comprehensive\nincome in the investments revaluation reserve.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n\n## KPIs, Targets, and Where They Are At\n\n- Eric Abetz\nMinister for Business, Industry and Resources\nTarget Target Result Comment House of Assembly, Parliament House\n2023–24 2023–24\nHobart TAS 7000\nUnderlying net profit1 ($ million) (3.12)2 0.8 Met target\nNet cash flow from operations ($ million) 7.8 6.5 Target not met\nStatement of Compliance\nHigh quality eucalypt sawlog3 (cubic metres) 120,000 107,927 Met customer demand\nSpecial species sawlog (cubic metres) 8,400 8,889 Met target\nDear Minister,\nNative forest regenerated4 (hectares) 4,700 5,002 Met target\nIn accordance with Section 55 of the Government Business Enterprises Act 1995,\nPlantations re-established (hectares) 600 230 Met required needs we hereby submit for your information and presentation to Parliament, the Annual Report\nof Sustainable Timber Tasmania for the year ended 30 June 2024.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Apogee (Tas) Pty Ltd Tasmania Construction project management Jul 2023 – Jun 2024 65,115\nTable 5: Buy local and payment of accounts\nForest Practices System requirements Result TAS City Building Pty Ltd Tasmania Redevelopment of Perth site Jul 2023 – Jun 2024 62,977\nSubmitted the Three Year Wood Production Plan Achieved Buy local Indicium Dynamics Pty Ltd Tasmania Cloud-based data management Jul 2023 – Jun 2024 62,802\nto FPA and made publicly available\nPercentage of purchases made from 97% Healthy Business Performance Group Tasmania Jul 2023 – Jun 2024 61,367\nForest Practices Plan reporting compliance 100% Tasmanian businesses Pty Ltd Work health and safety programs\nForest Practices Plans audited by the FPA: 13 Payments to Tasmanian businesses ($ million) 139 Deloitte Touche Tohmatsu Tasmania Project management planning Jul 2023 – Jun 2024 57,021\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- In the 2023-2024 financial year, we\nIn 2023-2024, we sowed 149 million seeds across achieved a total comprehensive income of $0.3\n5,000 hectares to regenerate native forest, using million, a net profit after tax of $0.2 million, and\nlocally sourced seeds from native species.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Forestry road maintenance to deliver\ncustomer requirements, plus non-commercial\nUp to 4,000 3,177 Met target\nmaintenance to provide continued public\naccess (kilometres) Yours faithfully,\nContribution to state prevention, preparation\nand detection of bushfires (percentage of >=70% 73% Met target\nemployees trained and available)\nLost time injury frequency rate – employees <=4 6.54 Target not met\nLost time injury frequency rate – contractors <=10 13.7 Target not met\nRob de Fégely\nAM\nSteve Whiteley\nChair Chief Executive Officer\nBoard of Sustainable Timber Tasmania Sustainable Timber Tasmania\n1 Underlying net profit is defined as the operating revenue less the operating expenditure.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- As instruments\nsuch the economic relationship and hedge effectiveness financial liabilities for which fair value was disclosed. designated\nat fair value\nare based on the qualitative factors and the use of a Fair value hierarchy levels 1 to 3 are based on the degree to through other\nhypothetical derivative where appropriate. which the fair value is observable: comprehensive\nincome D6 - - 6,978 - - 6,978 6,978 - - 6,978\nHedge ineffectiveness may arise where the critical terms • Level 1 fair value measurements are those derived\n20,527 5 6,978 - - 27,511 6,978 - 5 6,983\nof the forecast transaction no longer meet those of the from quoted prices (unadjusted) in active markets for\nhedging instrument, for example if there was a change in the identical assets or liabilities;\nFinancial\ntiming of the forecast receipt of USD from what was initially\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Other term deposits D6 AA- Performing 12 month ECL – low 9,300 - 9,300\ncredit risk assets\nThe tables below detail the credit quality of the Group’s financial assets as well as the Group’s maximum exposure to credit\nBonds and debentures D6 BBB- Performing 12 month ECL – low 800 - 800\nrisk by credit risk rating grades where applicable. credit risk assets\nOther financial assets D6 N/A Performing Lifetime ECL 3,369 - 3,369\n(simplified approach)\nGross Net\nExternal Carrying Loss Carrying Investments in equity instruments D6 N/A Performing 12 month ECL – low 5 - 5\ncredit Internal 12-month amount allowance amount designated at fair value through profit credit risk assets\nNote rating credit rating or lifetime ECL $’000 $’000 $’000 or loss\nAs at 30 June 2024 Investments in equity instruments D6 N/A Performing 12 month ECL – low 2,961 - 2,961\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Total area treated 0\nWater quality sampling Number\n1 Sustainable Timber Tasmania’s statewide hardwood plantation Area monitored above threshold with effective 0\nPesticide operations sampled 13\nTable 10: Community Service Obligations thinning program is complete. natural control\nWater quality samples submitted for 34\nArea monitored above threshold and not treated 0\nindependent analysis\nGovernment % monitored area sprayed 0\nrevenue Exceedances of Australian Drinking 0\nfor services Water Guidelines 1 No monitoring was conducted this year due to the plantation\nObligation ($ million) estate being outside the target age range.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- This year, Sustainable Timber Tasmania sowed 149 million seeds across 5,000 hectares\nto regenerate native forest, using locally sourced seed from native species.”\n“Following the Bradys Lake bushfires, Sustainable Timber Tasmania also dispersed around 15 million\nseeds across 250 hectares of fire affected production forests which is expected to result in up to 600,000\nnew trees.”\nContribution to the Tasmanian economy\n“In 2023/24 Sustainable Timber Tasmania continued to strongly support Tasmanian business and paid\nmore than $65.5 million to harvesting and transport contractors.\n Source: `annual-reports/2024.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_Media_Release_16_October_2024_1_4e3b88a007.pdf)`\n- In the 2023/24 financial year, we\nachieved a total comprehensive income of $0.3 million, a net profit after tax of $0.2 million, and positive\noperating cash flows of $6.5 million.”\n Source: `annual-reports/2024.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_Media_Release_16_October_2024_1_4e3b88a007.pdf)`\n- [pages 14,15,16]\ne\nshareholders’ expectations of the Board and\ndeclarations is included in the Board’s certification of\nSustainable Timber Tasmania, and the Statement\nfinancial statements at the end of the Annual Report.\nof Corporate Intent summarises the key performance\nBoth internal and external auditors attend Committee measures to be achieved each year.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Forestry road construction to deliver customer\nup to 55 33.1 Met target\ncommitments (kilometres) The Report has been prepared in accordance with the provisions of the\nGovernment Business Enterprises Act 1995.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [Page 16]\nFinancial\nSummary\nFinancial\nStatements\n$ ARROW-TREND-UP\nTotal comprehensive Net profit\n2023–2024\nincome after tax\n$0.3m $0.2m\nSUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES\nAS AT 3 0 J U N E 2024\nMONEY-CHECK-DOLLAR-PEN HAND-HOLDING-SEEDLING\nDirectors’ Report 26\nOperating Contribution Percentage\nAuditor’s Independence Declaration 27\ncash flows towards funding of the of purchases\nConsolidated Statement of Comprehensive Income 28\nTasmanian Government made from local\n$6.5m\nForestry Initiatives businesses Consolidated Statement of Financial Position 29\n$1.2m 97% Consolidated Statement of Cash Flows 30\nConsolidated Statement of Changes in Equity 31\nSection A: Corporate Information and Basis for Preparation 32\nSection B: Details on Financial Performance 34\nSection C: The Forest Estate 43\nNumber of Payments to Tasmanian\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [pages 16,17]\nmade from local\n$6.5m\nForestry Initiatives businesses Consolidated Statement of Financial Position 29\n$1.2m 97% Consolidated Statement of Cash Flows 30\nConsolidated Statement of Changes in Equity 31\nSection A: Corporate Information and Basis for Preparation 32\nSection B: Details on Financial Performance 34\nSection C: The Forest Estate 43\nNumber of Payments to Tasmanian\nTasmanian goods and services Section D: Details on Financial Position Items 46\nbusinesses paid providers Section E: Employee Entitlements 59\n621 $139m Section F: Financial Instruments and Risk Management 68\nSection G: Other Disclosures 81\nSection H: Certification of Financial Statements 86\nIndependent Auditor’s Report 87\n3 1 3 2\nSUSTAINABLE TIMBER TASMANIA | ANNUAL REPORT 2024 SUSTAINABLE TIMBER TASMANIA | ANNUAL REPORT 2024\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Rod Keenan Director 18 July 2022 N/A\nEvents Subsequent to Balance Date\nMs Jane Bennett Director 14 June 2023 N/A There have not been any matters or circumstances since\nDear Board Members\nthe end of the financial year that have significantly affected\nPrincipal Activities\nor may have significantly affected the operations of the\nIn relation to my audit of the financial report of Forestry Tasmania, trading as Sustainable Timber\nThe Organisation’s principal purpose is to manage Organisation, the results of those operations or the state of\nTasmania, for the financial year ended 30 June 2024, I declare that to the best of my knowledge\nand control all Permanent Timber Production Zone affairs of the Organisation.\nand belief, there have been no contraventions of:\nland and to undertake forest operations on Permanent\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n\n## Key Metrics\n\n| Values found | Evidence | Source |\n|---|---|---|\n| $42,000 , $321,000 | Certain trade receivables\nwere found to be impaired and a reversal of prior period allowances of $42,000 (2023: allowance $321,000) has been\nChanges in assets and liabilities:\nrecognised within other expenses at note B1(b).\n(Increase)/decrease in trade and other receivables (2,083) 2,906\n(Increase)/decrease in other assets (243) (116) Additional information on the accounting policy for trade and other receivables and provision for expected credit | `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)` |\n| $14,709,000 , $8,635,000 | The Group also incurred expenses\nB1(a) Disaggregated revenue Revenue from the sale of forest products is recognised\nof $14,709,000 pursuant to the same sales agreements (2023: $8,635,000). | `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)` |\n| $299,000 | [Page 22]\nSection B: Details on Financial Performance (continued) Section B: Details on Financial Performance (continued)\nSUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES SUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES\nFO R TH E Y E A R E N D E D 3 0 J U N E 2024 FO R TH E Y E A R E N D E D 3 0 J U N E 2024\nB1 O perating profit (continued) B1 O perating profit (continued)\nB1(a) Disaggregated revenue (continued | `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)` |\n| $1,000 , $5,000 | 2024 2023 revaluation reserve except for amounts reversing a\n$’000 $’000 decrement previously recognised as an expense, which The capitalisation threshold for plant and equipment is\n$1,000 and $5,000 for all other classes of non current assets. | `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)` |\n| $0.3\n, $0.2 million, 149 million, 0.2 million | In the 2023-2024 financial year, we\nIn 2023-2024, we sowed 149 million seeds across achieved a total comprehensive income of $0.3\n5,000 hectares to regenerate native forest, using million, a net profit after tax of $0.2 million, and\nlocally sourced seeds from native species. | `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)` |\n| $65.5 million, 149 million, 15 million, 65.5 million | This year, Sustainable Timber Tasmania sowed 149 million seeds across 5,000 hectares\nto regenerate native forest, using locally sourced seed from native species.”\n“Following the Bradys Lake bushfires, Sustainable Timber Tasmania also dispersed around 15 million\nseeds across 250 hectares of fire affected production forests which is expected to result in up to 600,000\nnew trees.”\nContribution to the Tasmanian economy\n“In 2023/24 Sustainable Timber | `annual-reports/2024.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_Media_Release_16_October_2024_1_4e3b88a007.pdf)` |\n| $0.3 million, $0.2 million, $6.5 million, 0.3 million, 0.2 million, 6.5 million | In the 2023/24 financial year, we\nachieved a total comprehensive income of $0.3 million, a net profit after tax of $0.2 million, and positive\noperating cash flows of $6.5 million.” | `annual-reports/2024.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_Media_Release_16_October_2024_1_4e3b88a007.pdf)` |\n| $14,709,000 , $8,635,000 | [Page 21]\nSection B: Details on Section B: Details on Financial Performance (continued)\nFinancial Performance SUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES\nFO R TH E Y E A R E N D E D 3 0 J U N E 2024\nSUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES B1 O perating profit (continued)\nFO R TH E Y E A R E N D E D 3 0 J U N E 2024\nB1(a) Disaggregated revenue (continued)\nDuring the year, the Group received sales r | `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)` |\n| $5,850,000, 50 per cent | The State Government directed the Group to contribute 50 per cent of the\nTravel and accommodation 350 298\nestimated cost ($5,850,000) and determined that the Group’s contribution would be paid to the Department of Natural\nResources and Environment Tasmania. | `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)` |\n| $0.3\n, $0.2 million, 149 million, 0.2 million | In the 2023-2024 financial year, we\nIn 2023-2024, we sowed 149 million seeds across achieved a total comprehensive income of $0.3\n5,000 hectares to regenerate native forest, using million, a net profit after tax of $0.2 million, and\nlocally sourced seeds from native species. | `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)` |\n| $65.5 million, 149 million, 15 million, 65.5 million | This year, Sustainable Timber Tasmania sowed 149 million seeds across 5,000 hectares\nto regenerate native forest, using locally sourced seed from native species.”\n“Following the Bradys Lake bushfires, Sustainable Timber Tasmania also dispersed around 15 million\nseeds across 250 hectares of fire affected production forests which is expected to result in up to 600,000\nnew trees.”\nContribution to the Tasmanian economy\n“In 2023/24 Sustainable Timber | `annual-reports/2024.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_Media_Release_16_October_2024_1_4e3b88a007.pdf)` |\n| $0.3 million, $0.2 million, $6.5 million, 0.3 million, 0.2 million, 6.5 million | In the 2023/24 financial year, we\nachieved a total comprehensive income of $0.3 million, a net profit after tax of $0.2 million, and positive\noperating cash flows of $6.5 million.” | `annual-reports/2024.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_Media_Release_16_October_2024_1_4e3b88a007.pdf)` |\n| $0.3m, $0.2m, $6.5m, $1.2m | [Page 16]\nFinancial\nSummary\nFinancial\nStatements\n$ ARROW-TREND-UP\nTotal comprehensive Net profit\n2023–2024\nincome after tax\n$0.3m $0.2m\nSUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES\nAS AT 3 0 J U N E 2024\nMONEY-CHECK-DOLLAR-PEN HAND-HOLDING-SEEDLING\nDirectors’ Report 26\nOperating Contribution Percentage\nAuditor’s Independence Declaration 27\ncash flows towards funding of the of purchases\nConsolidated Statement of Comprehensive | `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)` |\n| $6.5m, $1.2m, $139m | [pages 16,17]\nmade from local\n$6.5m\nForestry Initiatives businesses Consolidated Statement of Financial Position 29\n$1.2m 97% Consolidated Statement of Cash Flows 30\nConsolidated Statement of Changes in Equity 31\nSection A: Corporate Information and Basis for Preparation 32\nSection B: Details on Financial Performance 34\nSection C: The Forest Estate 43\nNumber of Payments to Tasmanian\nTasmanian goods and services Section D: Details on Financial Pos | `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)` |\n| $42,000 , $321,000 | Certain trade receivables\nwere found to be impaired and a reversal of prior period allowances of $42,000 (2023: allowance $321,000) has been\nChanges in assets and liabilities:\nrecognised within other expenses at note B1(b).\n(Increase)/decrease in trade and other receivables (2,083) 2,906\n(Increase)/decrease in other assets (243) (116) Additional information on the accounting policy for trade and other receivables and provision for expected credit | `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)` |\n\n## Key Achievements\n\n- Fuel reduction 2,000 2,000\nFire prevention 2,000 2,000 B1(e) Expenses from operations\nReimbursement of net firefighting costs 128 - 2024 2023\nNote $’000 $’000\nTotal revenue from the performance of Community Service Obligations 12,128 12,000\nContractor and freight expenses 98,040 79,916\nVehicle lease and associated costs 853 856\nB1(b) Net expense incurred in implementing Tasmanian forestry initiatives Property rental 213 86\nProfessional services 3,259 2,662\n2024 2023\n$’000 $’000 Consultancies 154 196\nState Government’s on-island processing program and physical upgrades to sawmills Local government rates 1,922 1,564\nand timber companies 1,170 1,170\nProperty management 1,084 1,068\nNet costs incurred in funding forestry-related election commitments 1,170 1,170\nEquipment purchases and rentals 847 806\nOffice expenses 1,079 1,027\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Reallocation - - - - - - - - -\nWhere the asset does not generate cash flows that are\nThe estimated useful lives for the current and comparative Revaluation - - 1,024 2,142 - - - - 3,166\nindependent from other assets, the Group estimates the\nperiods are as follows:\nMovement in\nrecoverable amount of the cash-generating unit to which\nwork in progress 343 736 - - - - - (2,460) (1,381)\nthe asset belongs.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Otherwise, the Group\nRevaluation - - 1,096 (499) - - - - 597\nunit) is estimated to be less than its carrying amount, the\ndepreciates the right-of-use asset from the commencement\ncarrying amount of the asset (or cash-generating unit) is Movement in\ndate to the earlier of the end of the useful life of the right-of-\nwork in progress - (1,181) - - - - - (7,098) (8,279)\nreduced to its recoverable amount.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Prepayments 1,867 1,624\nPrepayments\nEquity investments measured at fair value through 1,867 1,624\nPrepayments represent amounts paid to suppliers for profit or loss\nservices that are delivered over a term of up to 12 months.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Trade and other\nThe finance function reports periodically to the Group’s Finance, Audit and Risk Management Committee (FARMC) that\nreceivables D2 5,939 - - - - 5,939\nmonitors risks and policies implemented to mitigate risk exposures.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Table 18: Native forest harvested Table 21: Special species production Regrowing success\nTable 23: Native forest wood production\nArea stocked (hectares)\nNative forest type Harvest Area harvested Volume\nCategory Sub-category Quantity Unit\nharvested type (hectares) Species (cubic metres) 0– 0– 40– 65– 85–\nHigh quality sawlog Appearance 102,547 cubic Forest type 9% 39% 64% 84% 100% Hectares\nRegrowth Partial 3,644 Blackwood 7,332\ngrade sawlog metres\nDry eucalypt1 0 0 385 624 0 1,009\nOld growth Partial 115 Celery top pine 11 (Cat 1 & 3)\nWet eucalypt1 0 0 57 2,567 348 2,972\nRegrowth Clearfell 560 Myrtle 145 Construction 4,773 cubic\ngrade sawlog metres High altitude 0 0 0 872 283 1,155\nOld growth Clearfell1 0.4 Blackheart sassafras 22\n(Cat 1 & 3) E. delegatensis1\nNote: Total area is accounted for in the year each coupes is Silver wattle 46 Sliced veneer 607 cubic Total 442 4,063 631 5,136\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [Page 53]\nSnapshot\n2023–24 2022–23 2023–24 2022–23 2023–24 2022–23\nForest estate (‘000 hectares) Fire management Finance – Comprehensive income\n($’000)\nPermanent Timber Production Number of bushfires attended 65 30\nZone land 811 811 Revenue\nPermanent Timber Production\nLand available for wood Zone land burnt by bushfires Revenue from sale of forest products 123,129 103,043\nproduction 462 466 (hectares) 4,251 121\nGovernment funding 12,128 12,000\nOther areas of native forest1 219 218 Hours devoted to firefighting 16,894 2,453\nOther income 7,788 8,911\nManaged for reservation2 129 128 Net cost of suppression ($'000) 3,572 420\nFinance income 1,182 1,092\nPublic land managed by Fuel reduction burns completed\nForest valuation increase - 8,029\nSustainable Timber Tasmania3 8 8 on Permanent Timber Production\nZone land (hectares) 1,063 1,363 Total revenue 144,227 133,075\nPrivate land managed by\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- In the 2023-2024 financial year, we\nIn 2023-2024, we sowed 149 million seeds across achieved a total comprehensive income of $0.3\n5,000 hectares to regenerate native forest, using million, a net profit after tax of $0.2 million, and\nlocally sourced seeds from native species.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Eric Abetz\nMinister for Business, Industry and Resources\nTarget Target Result Comment House of Assembly, Parliament House\n2023–24 2023–24\nHobart TAS 7000\nUnderlying net profit1 ($ million) (3.12)2 0.8 Met target\nNet cash flow from operations ($ million) 7.8 6.5 Target not met\nStatement of Compliance\nHigh quality eucalypt sawlog3 (cubic metres) 120,000 107,927 Met customer demand\nSpecial species sawlog (cubic metres) 8,400 8,889 Met target\nDear Minister,\nNative forest regenerated4 (hectares) 4,700 5,002 Met target\nIn accordance with Section 55 of the Government Business Enterprises Act 1995,\nPlantations re-established (hectares) 600 230 Met required needs we hereby submit for your information and presentation to Parliament, the Annual Report\nof Sustainable Timber Tasmania for the year ended 30 June 2024.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Forestry road maintenance to deliver\ncustomer requirements, plus non-commercial\nUp to 4,000 3,177 Met target\nmaintenance to provide continued public\naccess (kilometres) Yours faithfully,\nContribution to state prevention, preparation\nand detection of bushfires (percentage of >=70% 73% Met target\nemployees trained and available)\nLost time injury frequency rate – employees <=4 6.54 Target not met\nLost time injury frequency rate – contractors <=10 13.7 Target not met\nRob de Fégely\nAM\nSteve Whiteley\nChair Chief Executive Officer\nBoard of Sustainable Timber Tasmania Sustainable Timber Tasmania\n1 Underlying net profit is defined as the operating revenue less the operating expenditure.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [Page 16]\nFinancial\nSummary\nFinancial\nStatements\n$ ARROW-TREND-UP\nTotal comprehensive Net profit\n2023–2024\nincome after tax\n$0.3m $0.2m\nSUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES\nAS AT 3 0 J U N E 2024\nMONEY-CHECK-DOLLAR-PEN HAND-HOLDING-SEEDLING\nDirectors’ Report 26\nOperating Contribution Percentage\nAuditor’s Independence Declaration 27\ncash flows towards funding of the of purchases\nConsolidated Statement of Comprehensive Income 28\nTasmanian Government made from local\n$6.5m\nForestry Initiatives businesses Consolidated Statement of Financial Position 29\n$1.2m 97% Consolidated Statement of Cash Flows 30\nConsolidated Statement of Changes in Equity 31\nSection A: Corporate Information and Basis for Preparation 32\nSection B: Details on Financial Performance 34\nSection C: The Forest Estate 43\nNumber of Payments to Tasmanian\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [pages 16,17]\nmade from local\n$6.5m\nForestry Initiatives businesses Consolidated Statement of Financial Position 29\n$1.2m 97% Consolidated Statement of Cash Flows 30\nConsolidated Statement of Changes in Equity 31\nSection A: Corporate Information and Basis for Preparation 32\nSection B: Details on Financial Performance 34\nSection C: The Forest Estate 43\nNumber of Payments to Tasmanian\nTasmanian goods and services Section D: Details on Financial Position Items 46\nbusinesses paid providers Section E: Employee Entitlements 59\n621 $139m Section F: Financial Instruments and Risk Management 68\nSection G: Other Disclosures 81\nSection H: Certification of Financial Statements 86\nIndependent Auditor’s Report 87\n3 1 3 2\nSUSTAINABLE TIMBER TASMANIA | ANNUAL REPORT 2024 SUSTAINABLE TIMBER TASMANIA | ANNUAL REPORT 2024\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n\n## Key Issues, Risks, and Recommendations\n\n- Trade and other\nThe finance function reports periodically to the Group’s Finance, Audit and Risk Management Committee (FARMC) that\nreceivables D2 5,939 - - - - 5,939\nmonitors risks and policies implemented to mitigate risk exposures.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [Page 12]\nOur Board\nBoard and committee composition\nand meeting attendance\nAs at 30 June 2024, the Board has three committees in operation:\nFinance, Audit and Risk Management Committee (FARMC); People, Culture\nand Care Committee (PCCC) and the Environment and Social Impact\nCommittee (ESIC).\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [Page 14]\nP R I N C I P L E 7 P R I N C I P L E 8\nRecognise and Remunerate fairly\nmanage risk and responsibly\nRisk management is monitored and overseen by the The Board has a People, Culture and Care Committee\nFinance, Audit and Risk Management Committee on comprising non-executive directors and is chaired by\nbehalf of the Board.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [Page 16]\nFinancial\nSummary\nFinancial\nStatements\n$ ARROW-TREND-UP\nTotal comprehensive Net profit\n2023–2024\nincome after tax\n$0.3m $0.2m\nSUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES\nAS AT 3 0 J U N E 2024\nMONEY-CHECK-DOLLAR-PEN HAND-HOLDING-SEEDLING\nDirectors’ Report 26\nOperating Contribution Percentage\nAuditor’s Independence Declaration 27\ncash flows towards funding of the of purchases\nConsolidated Statement of Comprehensive Income 28\nTasmanian Government made from local\n$6.5m\nForestry Initiatives businesses Consolidated Statement of Financial Position 29\n$1.2m 97% Consolidated Statement of Cash Flows 30\nConsolidated Statement of Changes in Equity 31\nSection A: Corporate Information and Basis for Preparation 32\nSection B: Details on Financial Performance 34\nSection C: The Forest Estate 43\nNumber of Payments to Tasmanian\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [pages 16,17]\nmade from local\n$6.5m\nForestry Initiatives businesses Consolidated Statement of Financial Position 29\n$1.2m 97% Consolidated Statement of Cash Flows 30\nConsolidated Statement of Changes in Equity 31\nSection A: Corporate Information and Basis for Preparation 32\nSection B: Details on Financial Performance 34\nSection C: The Forest Estate 43\nNumber of Payments to Tasmanian\nTasmanian goods and services Section D: Details on Financial Position Items 46\nbusinesses paid providers Section E: Employee Entitlements 59\n621 $139m Section F: Financial Instruments and Risk Management 68\nSection G: Other Disclosures 81\nSection H: Certification of Financial Statements 86\nIndependent Auditor’s Report 87\n3 1 3 2\nSUSTAINABLE TIMBER TASMANIA | ANNUAL REPORT 2024 SUSTAINABLE TIMBER TASMANIA | ANNUAL REPORT 2024\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Rod Keenan Director 18 July 2022 N/A\nEvents Subsequent to Balance Date\nMs Jane Bennett Director 14 June 2023 N/A There have not been any matters or circumstances since\nDear Board Members\nthe end of the financial year that have significantly affected\nPrincipal Activities\nor may have significantly affected the operations of the\nIn relation to my audit of the financial report of Forestry Tasmania, trading as Sustainable Timber\nThe Organisation’s principal purpose is to manage Organisation, the results of those operations or the state of\nTasmania, for the financial year ended 30 June 2024, I declare that to the best of my knowledge\nand control all Permanent Timber Production Zone affairs of the Organisation.\nand belief, there have been no contraventions of:\nland and to undertake forest operations on Permanent\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Certain trade receivables\nwere found to be impaired and a reversal of prior period allowances of $42,000 (2023: allowance $321,000) has been\nChanges in assets and liabilities:\nrecognised within other expenses at note B1(b).\n(Increase)/decrease in trade and other receivables (2,083) 2,906\n(Increase)/decrease in other assets (243) (116) Additional information on the accounting policy for trade and other receivables and provision for expected credit loss is\ndisclosed in Section F Financial Instruments and Risk Management.\n(Increase)/decrease in inventories (2,373) (3,511)\nIncrease/(decrease) in trade and other payables 3,821 (614)\nIncrease/(decrease) in contract liabilities (350) 3\nIncrease/(decrease) in deferred tax 256 3,232\nIncrease/(decrease) in provisions 97 870\nNet cash provided by operating activities 6,526 3,614\n5 3 5 4\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [pages 27,28]\ns been\nChanges in assets and liabilities:\nrecognised within other expenses at note B1(b).\n(Increase)/decrease in trade and other receivables (2,083) 2,906\n(Increase)/decrease in other assets (243) (116) Additional information on the accounting policy for trade and other receivables and provision for expected credit loss is\ndisclosed in Section F Financial Instruments and Risk Management.\n(Increase)/decrease in inventories (2,373) (3,511)\nIncrease/(decrease) in trade and other payables 3,821 (614)\nIncrease/(decrease) in contract liabilities (350) 3\nIncrease/(decrease) in deferred tax 256 3,232\nIncrease/(decrease) in provisions 97 870\nNet cash provided by operating activities 6,526 3,614\n5 3 5 4\nSUSTAINABLE TIMBER TASMANIA | ANNUAL REPORT 2024 SUSTAINABLE TIMBER TASMANIA | ANNUAL REPORT 2024\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [Page 38]\nSection F: Financial Instruments Section F: Financial Instruments and Risk Management (continued)\nand Risk Management SUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES\nFO R TH E Y E A R E N D E D 3 0 J U N E 2024\nSUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES F1 F inancial assets and liabilities • For equity instruments measured at FVTOCI, exchange\nFO R TH E Y E A R E N D E D 3 0 J U N E 2024 (continued) differences are recognised in other comprehensive\nincome in the investments revaluation reserve.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [Page 39]\nSection F: Financial Instruments and Risk Management (continued) Section F: Financial Instruments and Risk Management (continued)\nSUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES SUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES\nFO R TH E Y E A R E N D E D 3 0 J U N E 2024 FO R TH E Y E A R E N D E D 3 0 J U N E 2024\nF1 F inancial assets and liabilities definition or if an external rating is not available, the asset F1 F inancial assets and liabilities for amounts it may have to pay.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [Page 40]\nSection F: Financial Instruments and Risk Management (continued) Section F: Financial Instruments and Risk Management (continued)\nSUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES SUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES\nFO R TH E Y E A R E N D E D 3 0 J U N E 2024 FO R TH E Y E A R E N D E D 3 0 J U N E 2024\nF1 F inancial assets and liabilities At the time the hedged item affects profit or loss, any gain F1 Financial assets and liabilities (continued)\n(continued) or loss previously recognised in other comprehensive\nFinancial assets Financial liabilities Fair value\nincome is reclassified from equity to profit or loss and\nDerecognition of financial liabilities\npresented as a reclassification adjustment within other Amortised FVTOCI – Amortised\nThe Group derecognises financial liabilities when, and only comprehensive income.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- [Page 41]\nSection F: Financial Instruments and Risk Management (continued) Section F: Financial Instruments and Risk Management (continued)\nSUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES SUSTAI NAB LE TI M B E R TA S M A N IA AN D ITS SU BS I D IAR I ES\nFO R TH E Y E A R E N D E D 3 0 J U N E 2024 FO R TH E Y E A R E N D E D 3 0 J U N E 2024\nF1 Financial assets and liabilities (continued) F2 Financial risk management objectives\nFinancial assets Financial liabilities Fair value The Group’s finance function provides services to the business, coordinates access to domestic and international financial\nmarkets, monitors and manages the financial risks relating to the operations of the Group through internal risk reports which\nAmortised FVTOCI – Amortised\ncost FVTPL designated cost FVTPL Total Level 1 Level 2 Level 3 Total analyse exposures by degree and magnitude of risks.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- These risks include market risk (including currency risk, interest rate risk\nNote $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 and price risk), credit risk and liquidity risk.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Other term\ndeposits D6 9,300 - - - - 9,300 Market risk\nBonds and The Group’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest\ndebentures D6 800 - - - - 800\nrates (see below).\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n\n## Corporate Values and Operating Culture\n\n- [pages 4,5]\nctives values\n• Land management • Professionally manage public Respect\n• Sale of forest products production forests to maintain We create safe spaces BIOECONOMY\nwood resource and other\n• Fire management environmental, cultural and Responsibility\neconomic values\n• Forestry road We take ownership\nconstruction • Achieve zero harm to our people\nPROCUREMENT\nand maintenance and contractors Growth\nWe create sustainable value\n• Efficiently and effectively make\navailable agreed wood volumes\nExcellence\nand other services to our customers Sustainable Timber Tasmania acknowledges\nWe make it happen\nthe Forest Sector Sustainable\n• Achieve and maintain\nDevelopment Goals road map.\nfinancial sustainability\n7 8\nSUSTAINABLE TIMBER TASMANIA | ANNUAL REPORT 2024 SUSTAINABLE TIMBER TASMANIA | ANNUAL REPORT 2024\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- The Group recognises contract other forest of Community Other\nThe Group undertakes eligible activities as part of the Sale of forest management Service Government\nliabilities for consideration received in respect of\nAustralian Government’s Emissions Reduction Fund for products services Obligations funding Total\nunsatisfied performance obligations and reports these\n2023 2023 2023 2023 2023\nwhich the Clean Energy Regulator grants the Group the\namounts as other liabilities in the Statement of Financial Note $’000 $’000 $’000 $’000 $’000\nrespective number of emissions certificates (Australian\nPosition.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- The emissions certificates are recognised at fair value in Inventory at note D3. $’000 $’000\nInsurance proceeds 1 -\nPerformance of Community Service Obligations includes:\nExpenses incurred in repairing and reinstating insured assets (1) -\nNet income/(expense) from insurance proceeds - -\n2024 2023\n$’000 $’000\nRevenue received from insurance proceeds is included in revenue at B1(a).\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Fuel reduction 2,000 2,000\nFire prevention 2,000 2,000 B1(e) Expenses from operations\nReimbursement of net firefighting costs 128 - 2024 2023\nNote $’000 $’000\nTotal revenue from the performance of Community Service Obligations 12,128 12,000\nContractor and freight expenses 98,040 79,916\nVehicle lease and associated costs 853 856\nB1(b) Net expense incurred in implementing Tasmanian forestry initiatives Property rental 213 86\nProfessional services 3,259 2,662\n2024 2023\n$’000 $’000 Consultancies 154 196\nState Government’s on-island processing program and physical upgrades to sawmills Local government rates 1,922 1,564\nand timber companies 1,170 1,170\nProperty management 1,084 1,068\nNet costs incurred in funding forestry-related election commitments 1,170 1,170\nEquipment purchases and rentals 847 806\nOffice expenses 1,079 1,027\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Contribution to accumulation superannuation funds 2,012 1,808\nDeferred tax is calculated using the balance sheet liability method in respect of temporary differences arising between\nEmployee service cost for defined benefit scheme E4 585 677\nthe tax base of assets and liabilities and their carrying amounts in the financial statements.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Credit cards 500 500 Long service leave\nMult-currency overdraft facility 2,000 2,000 An independent actuarial assessment of the Group’s The provision for employee entitlements to long service\nLoan facility – secured 5,000 5,000 unfunded superannuation liability has determined the leave represents the present value of the estimated future\noverall obligation to current and past employees.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- When the calculation results\nMult-currency overdraft facility 2,000 2,000 in a benefit to the Group, the recognised asset is limited Worker’s compensation\nLoan facility – secured 5,000 5,000 to the net total of any unrecognised past service costs and\nThe Group is a self-insurer for workers compensation.\nthe present value of any future refunds from the plan or\n7,363 7,485 The provision for workers compensation is set at a level\nreductions in future contributions to the plan.\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n- Scenario B – 1.0% pa higher discount rate assumption\nSettlement terms (years) – long service leave 10 years 10 years Scenario C – 1.0% pa lower expected pension increase rate assumption\nScenario D – 1.0% pa higher expected pension increase rate assumption\nBase Case Scenario A Scenario B Scenario C Scenario D\nDiscount rate (pa) 5.55% 4.55% 6.55% 5.55% 5.55%\nPension increase rate (pa) 2.50% 2.50% 2.50% 1.50% 3.50%\nDefined benefit obligation (A$'000s) 29,240 33,313 25,945 26,988 31,970\n2024 2023\nProfit or loss impact $’000 $’000\nCurrent service cost 585 677\nNet interest 1,251 1,196\nDefined benefit cost recognised in profit or loss 1,836 1,873\nOther comprehensive income\nActuarial (gains) losses 795 (1,784)\nActuarial return on plan assets less interest income 122 207\nTotal remeasurements recognised in other comprehensive income 917 (1,577)\n Source: `annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)`\n\n## Global Ideas and Case Study Inputs\n\n_No global-intelligence source text found yet. Run `CLAUDE/global-ideas-scraper.py ` to populate case-study sources._\n\n## Source Artifacts Used\n\n- `annual-reports/2023-24.pdf` - annual-reports - https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf\n- `annual-reports/2024.pdf` - annual-reports - https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_Media_Release_16_October_2024_1_4e3b88a007.pdf\n- `pages/annual-reports-index.html` - pages - https://www.sttas.com.au/about-us/annual-report\n- `pages/homepage.html` - pages - https://www.sttas.com.au/\n\n## Gaps To Fix\n\n- No corporate plan text source found.\n- No global comparison/case-study sources found.", "legislation_md": "# Sustainable Timbers Tasmania - Acts and Legislation Discovery\n\n**Generated at**: 2026-05-09T21:45:39.651637+00:00\n**Entity ID**: S-TAS-040\n**Jurisdiction**: Tasmania\n**Portfolio**: Forestry\n\n> This is an evidence-based discovery list from scraped department material. A mention does not always mean the department administers the legislation; high-confidence and official register links should be reviewed.\n\n## Summary\n\n- Source files scanned: 4\n- Unique legislation references found: 10\n\n| Type | Count |\n|---|---:|\n| Act | 9 |\n| Instrument | 1 |\n\n## Legislation References\n\n### Government Business Enterprises Act 1995\n\n**Type**: Act\n**Confidence**: high\n**Mentions**: 8\n**Register search**: https://www.legislation.tas.gov.au/search?query=Government+Business+Enterprises+Act+1995\n\n**Sources**:\n- `annual-reports/2023-24.pages.jsonl`\n\n**Evidence contexts**:\n- ia’s overall direction, management, operation,\nSustainable Timber Tasmania’s objectives.\nperformance and corporate governance. The Board\nThe primary legislation governing has an approved Charter which together with the\nSustainable Timber Tasmania’s management Government Business Enterprises Act 1995, describes\nand operations are the Government the roles and responsibilities of the Board, Chair,\nindividual directors, committees and the Chief\nBusiness Enterprises Act 1995 and the Forest\nExecutive Officer. The content of the Board Charter\nManagement Act 201\n Source: `annual-reports/2023-24.pages.jsonl`\n- P R I N C I P L E 6\nannual financial statements includes declarations\nRespect the rights\nfrom the Chief Executive Officer and General\nof security holders\nManager Corporate Services (Chief Financial Officer\nequivalent) in relation to the proper maintenance of\nThe Government Business Enterprises Act 1995\nthe financial records and the accurate representation\nprescribes the rights and powers of shareholders\nof Sustainable Timber Tasmania’s financial\nwhile the Ministerial Charter specifies the\nperformance and position. Reference to these\nshareholders’ expectatio\n Source: `annual-reports/2023-24.pages.jsonl`\n- ance\nHigh quality eucalypt sawlog3 (cubic metres) 120,000 107,927 Met customer demand\nSpecial species sawlog (cubic metres) 8,400 8,889 Met target\nDear Minister,\nNative forest regenerated4 (hectares) 4,700 5,002 Met target\nIn accordance with Section 55 of the Government Business Enterprises Act 1995,\nPlantations re-established (hectares) 600 230 Met required needs we hereby submit for your information and presentation to Parliament, the Annual Report\nof Sustainable Timber Tasmania for the year ended 30 June 2024.\nForestry road construction to deliver cus\n Source: `annual-reports/2023-24.pages.jsonl`\n- arliament, the Annual Report\nof Sustainable Timber Tasmania for the year ended 30 June 2024.\nForestry road construction to deliver customer\nup to 55 33.1 Met target\ncommitments (kilometres) The Report has been prepared in accordance with the provisions of the\nGovernment Business Enterprises Act 1995.\nForestry road maintenance to deliver\ncustomer requirements, plus non-commercial\nUp to 4,000 3,177 Met target\nmaintenance to provide continued public\naccess (kilometres) Yours faithfully,\nContribution to state prevention, preparation\nand detection of bushfire\n Source: `annual-reports/2023-24.pages.jsonl`\n- N IA AN D ITS SU BS I D IAR I ES\nFO R TH E Y E A R E N D E D 3 0 J U N E 2024\nAccounting policy\nThe Organisation may declare an ordinary dividend in accordance with its statutory requirements as determined under Part\nC1 Biological assets\n11, Division 2 of the Government Business Enterprises Act 1995.\nAccounting policy\nAn ordinary dividend of $600,000 was paid during the 2023–24 financial year in relation to 2022–23 results (2023: $1,000,000).\nThe Biological asset comprises standing timber on Permanent Timber Production Zone (PTPZ) land and freehold land\n Source: `annual-reports/2023-24.pages.jsonl`\n\n### Forest Management Act 2013\n\n**Type**: Act\n**Confidence**: high\n**Mentions**: 4\n**Register search**: https://www.legislation.tas.gov.au/search?query=Forest+Management+Act+2013\n\n**Sources**:\n- `annual-reports/2023-24.pages.jsonl`\n\n**Evidence contexts**:\n- f a dividend payable by the Organisation, if any, in respect of the 2023–24 financial year within 60 days of the end of the\nfinancial year. The Group does not hold freehold title over the majority of PTPZ land but is deemed to control the land pursuant to the Forest\nManagement Act 2013. Any value attributed to PTPZ land is therefore discounted to a nil value.\nThe value of freehold land is measured at historical cost and included in note D4.\nThe value of roads is also measured at depreciated historical cost and is also included in note D4.\nT\n Source: `annual-reports/2023-24.pages.jsonl`\n- the current crop (standing timber) is valued. The cash flow analysis is based on the optimised timing of the harvest of\nexisting stands which has been developed in the context of sustainable yield management and the quantities available for\nharvest under the Forest Management Act 2013;\n• Ancillary income earned from activities such as the leasing of land and other occupancy rights is added to the net\nharvest revenues.\nA market derived discount rate of 8.5% (2023: 8.5%) is then used to discount the net annual income to determine a present\nv\n Source: `annual-reports/2023-24.pages.jsonl`\n- nitially measured at cost,\nThe Group does not hold freehold title over the majority\nTrade and other receivables 9,138 7,154 which comprises:\nof PTPZ land but is deemed to control the land pursuant\nLess provision for expected credit loss (1,534) (1,576) to the Forest Management Act 2013. Any value attributed • the amount of the initial measurement of the lease\nAccrued revenue 357 435 to PTPZ land is therefore discounted to a nil value. liability;\nLess provision for expected credit loss - (134) • any lease payments made at or before the\nThe G\n Source: `annual-reports/2023-24.pages.jsonl`\n- r vested in, the HEC, Sustainable Timber Tasmania and the Commonwealth and\nTasmanian Governments, municipal reserves; and municipal and private lands managed by the Wellington Park Management Trust.\n3 Permanent Timber Production Zone land as defined under the Forest Management Act 2013.\nPlease be advised: All areas are rounded to thousands of hectares – figures in the ‘Total’ rows are not the sum of the columns but the rounded\nactual totals. The areas for forest are derived from detailed forest type mapping, which is continually updated; ge\n Source: `annual-reports/2023-24.pages.jsonl`\n\n### Business Enterprises Act 1995\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 2\n**Register search**: https://www.legislation.tas.gov.au/search?query=Business+Enterprises+Act+1995\n\n**Sources**:\n- `annual-reports/2023-24.pages.jsonl`\n\n**Evidence contexts**:\n- ”) for the of the Annual Financial Statements\nfinancial year ended 30 June 2024 has been prepared\nThe Board has resolved that it is appropriate to prepare\nin accordance with the requirements of the Government\nthe financial statements on a Going Concern basis.\nBusiness Enterprises Act 1995.\nDirector and Executive Remuneration\nThe Directors’ Report should be read in conjunction with\nthe Organisation’s audited financial statements. The Organisation has complied with the Guidelines\n12 August 2024\nfor Tasmanian Government Businesses – Director\nDire\n Source: `annual-reports/2023-24.pages.jsonl`\n- lude a set The following tables disclose the remuneration details for each person that acted as a Director during the current and\nterm consistent with the requirements of the Government previous financial year:\nRemuneration levels for key management personnel\nBusiness Enterprises Act 1995. Service contracts have\nare set in accordance with the Guidelines for Tasmanian\nduration not exceeding 5 years but can be extended based 2024 Director remuneration1\nGovernment Businesses – Director and Executive\nRemuneration Guidelines. Under these guidelines\n Source: `annual-reports/2023-24.pages.jsonl`\n\n### AASB), the Government Business Enterprises Act 1995\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.tas.gov.au/search?query=AASB%29%2C+the+Government+Business+Enterprises+Act+1995\n\n**Sources**:\n- `annual-reports/2023-24.pages.jsonl`\n\n**Evidence contexts**:\n- an Accounting\nStandards (AASBs) (including Australian Interpretations) Profit or loss and other comprehensive income of\nadopted by the Australian Accounting Standards Board subsidiaries acquired or disposed of during the year are Effective for Expected to be\n(AASB), the Government Business Enterprises Act 1995 recognised from the effective date of acquisition, or up to annual reporting initially applied\nand applicable Treasurer’s Instructions. They have been the effective date of disposal, as applicable. periods beginning in the financial\nStandard/Interpretation Su\n Source: `annual-reports/2023-24.pages.jsonl`\n\n### ASIC Corporations (Wholly-owned Companies) Instrument 2016\n\n**Type**: Instrument\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.tas.gov.au/search?query=ASIC+Corporations+%28Wholly-owned+Companies%29+Instrument+2016\n\n**Sources**:\n- `annual-reports/2023-24.pages.jsonl`\n\n**Evidence contexts**:\n- group. Sustainable Timber Tasmania is the head entity within\nOther comprehensive income (47) 3,442 the tax-consolidated group. The controlled entities have entered into a deed of cross guarantee with Sustainable Timber\nTasmania pursuant to ASIC Corporations (Wholly-owned Companies) Instrument 2016/785 and are relieved from the\nTotal comprehensive income 370 7,489\nrequirement to prepare and lodge an audited financial report.\nStatement of Financial Position\nInformation related to Newood Holdings Pty Ltd:\nCurrent assets 55,824 58,248\nNon current assets 26\n Source: `annual-reports/2023-24.pages.jsonl`\n\n### Australian Accounting Standards, and the Government Business Enterprises Act 1995\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.tas.gov.au/search?query=Australian+Accounting+Standards%2C+and+the+Government+Business+Enterprises+Act+1995\n\n**Sources**:\n- `annual-reports/2023-24.pages.jsonl`\n\n**Evidence contexts**:\n- itor’s\nThe directors of STT are responsible for the preparation of the financial report that gives a true and fair view in accordance report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, I\nwith Australian Accounting Standards, and the Government Business Enterprises Act 1995 and for such internal control as the determine that a matter should not be communicated in my report because the adverse consequences of doing so would\ndirectors determine is necessary to enable the preparation of the financial report that gives a true and fa\n Source: `annual-reports/2023-24.pages.jsonl`\n\n### Board Charter Management Act 2013\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.tas.gov.au/search?query=Board+Charter+Management+Act+2013\n\n**Sources**:\n- `annual-reports/2023-24.pages.jsonl`\n\n**Evidence contexts**:\n- nt Business Enterprises Act 1995, describes\nand operations are the Government the roles and responsibilities of the Board, Chair,\nindividual directors, committees and the Chief\nBusiness Enterprises Act 1995 and the Forest\nExecutive Officer. The content of the Board Charter\nManagement Act 2013.\nmeets the recommended content under Principle 1.\nThe Board operates a governance framework An Authorisations Policy is in place to formalise\ndelegations from the Board to the Chief Executive\nthat meets the Tasmanian Government\nOfficer and management.\nCorpora\n Source: `annual-reports/2023-24.pages.jsonl`\n\n### Chief Business Enterprises Act 1995\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.tas.gov.au/search?query=Chief+Business+Enterprises+Act+1995\n\n**Sources**:\n- `annual-reports/2023-24.pages.jsonl`\n\n**Evidence contexts**:\n- pproved Charter which together with the\nSustainable Timber Tasmania’s management Government Business Enterprises Act 1995, describes\nand operations are the Government the roles and responsibilities of the Board, Chair,\nindividual directors, committees and the Chief\nBusiness Enterprises Act 1995 and the Forest\nExecutive Officer. The content of the Board Charter\nManagement Act 2013.\nmeets the recommended content under Principle 1.\nThe Board operates a governance framework An Authorisations Policy is in place to formalise\ndelegations from the Board to\n Source: `annual-reports/2023-24.pages.jsonl`\n\n### N/A Enterprises Act 1995\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.tas.gov.au/search?query=N%2FA+Enterprises+Act+1995\n\n**Sources**:\n- `annual-reports/2023-24.pages.jsonl`\n\n**Evidence contexts**:\n- e:\nThe Board of Directors\nThe Organisation paid an Ordinary Dividend of\nBoard Members Position Start Term End Term $600,000 under section 84 of the Government Business Forestry Tasmania\ntrading as Sustainable Timber Tasmania\nMr Rob de Fégely Chair 1 June 2016 N/A Enterprises Act 1995 on 20 November 2023.\nAM\nLevel 1, 99 Bathurst Street\nMs Kathryn Westwood Director 1 August 2018 N/A The Board will advise the Treasurer and the Portfolio HOBART TAS 7000\nMinister of its recommendation for a dividend payable by\nMs Therese Ryan Director 1 July 2\n Source: `annual-reports/2023-24.pages.jsonl`\n\n### Superannuation Guarantee (Administration) Act 1992\n\n**Type**: Act\n**Confidence**: low\n**Mentions**: 1\n**Register search**: https://www.legislation.tas.gov.au/search?query=Superannuation+Guarantee+%28Administration%29+Act+1992\n\n**Sources**:\n- `annual-reports/2023-24.pages.jsonl`\n\n**Evidence contexts**:\n- overseas trips ($) -\nCommercial users 24 20\nRecreational users 19 13\nTable 7: Superannuation\nGovernment 28 18\nOther 40 282 Superannuation certification\nTotal 486 551 Sustainable Timber Tasmania complied with its obligations\nunder the Superannuation Guarantee (Administration) Act 1992\n*Reported stakeholder groups do not include customers, contractors in respect of employees of Sustainable Timber Tasmania who are\nor regulatory bodies. These figures also do not reflect proactive members of complying superannuation schemes.\ncommunications by\n Source: `annual-reports/2023-24.pages.jsonl`\n\n## Files Scanned\n\n- `pages/annual-reports-index.html` (page)\n- `pages/homepage.html` (page)\n- `annual-reports/2023-24.pages.jsonl` (pdf_pages)\n- `annual-reports/2024.pages.jsonl` (pdf_pages)", "global_initiatives_md": null, "strategy": { "reporting_period": "2024-25", "corporate_plan_period": "2025-26", "vision": null, "vision_source_page": null, "purposes": "Sustainable Timber Tasmania is focused on delivering a sustainable and balanced approach to forest management in both native forests and plantations. Our focus is to foster sustainability, enhance biodiversity, and support community well-being. [AR p.1]", "purposes_source_page": 1, "how_we_deliver": "By choosing Tasmanian timber, individuals and industries are prioritising sustainability, quality, and ethical practices whilst supporting the local economy and employment. [AR p.1]", "how_we_deliver_source_page": 1, "government_priorities": [], "outcomes": [ { "name": "Outcome 1: Sustainable Forest Management", "description": "Sustainable Timber Tasmania manages 127,000 hectares of public production forests for reservation, and actively manages Special Management Zones (SMZ) within wood production areas for biodiversity. The forest is regenerated after harvesting, growing healthy forests and forest resources for future generations. [AR p.2]", "key_activities": [ "Forest harvesting", "Forest regeneration" ], "source_page": 2 }, { "name": "Outcome 2: Economic Contribution", "description": "In 2023/24 Sustainable Timber Tasmania continued to strongly support Tasmanian business and paid more than $65.5 million to harvesting and transport contractors. The organisation maintained and increased its contribution to Tasmania’s economy, by paying a total of $139 million to 621 Tasmanian goods and services providers. [AR p.2]", "key_activities": [ "Contribution to the Tasmanian economy" ], "source_page": 2 } ], "values": [ "Sustainability", "Biodiversity", "Community support" ], "values_framework_name": null, "kpi_targets_2025_26": [], "kpi_results_2024_25": [], "_source_urls": { "annual_report_url": "https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_Media_Release_16_October_2024_1_4e3b88a007.pdf", "corporate_plan_url": "" } }, "ideas": [ { "entity_id": "S-TAS-040", "entity_name": "Sustainable Timbers Tasmania", "folder_name": "Sustainable-Timbers-Tasmania", "category": "Risk & Assurance", "scale": "small", "title": "Recommendation tracker for audits, reviews, and inquiries", "idea": "Publish a single internal tracker for audit/review recommendations, owners, due dates, and implementation evidence.", "quote": "These risks include market risk (including currency risk, interest rate risk\nNote $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 and price risk), credit risk and liquidity risk.", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Executives / assurance teams", "source": "annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Regulatory capture", "Over-automation of judgement" ] }, { "entity_id": "S-TAS-040", "entity_name": "Sustainable Timbers Tasmania", "folder_name": "Sustainable-Timbers-Tasmania", "category": "Risk & Assurance", "scale": "large", "title": "Integrated assurance and lessons-learned system", "idea": "Create an assurance system that connects audit findings, risk registers, delivery reviews, and investment decisions.", "quote": "These risks include market risk (including currency risk, interest rate risk\nNote $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 and price risk), credit risk and liquidity risk.", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Executives / assurance teams", "source": "annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", "Stage delivery through pilots, benefits tracking, and public reporting." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Regulatory capture", "Over-automation of judgement" ] }, { "entity_id": "S-TAS-040", "entity_name": "Sustainable Timbers Tasmania", "folder_name": "Sustainable-Timbers-Tasmania", "category": "Data & Performance", "scale": "small", "title": "KPI evidence register with named owners", "idea": "Create a simple register mapping each KPI to source data, owner, frequency, target, and last result.", "quote": "Eric Abetz\nMinister for Business, Industry and Resources\nTarget Target Result Comment House of Assembly, Parliament House\n2023–24 2023–24\nHobart TAS 7000\nUnderlying net profit1 ($ million) (3.12)2 0.8 Met target\nNet cash flow from operations ($ million) 7.8 6.5 Target not met\nStatement of Compliance\nHigh quality eucalypt sawlog3 (cubic metres) 120,000 107,927 Met customer demand\nSpecial species sawlog (cubic metres) 8,400 8,889 Met target\nDear Minister,\nNative forest regenerated4 (hectares) 4,700 5,002 Met target\nIn accordance with Section 55 of the Government Business Enterprises Act 1995,\nPlantations re-established (hectares) 600 230 Met required needs we hereby submit for your information and presentation to Parliament, the Annual Report\nof Sustainable Timber Tasmania for the year ended 30 June 2024.", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Executives / Parliament / public", "source": "annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability" ] }, { "entity_id": "S-TAS-040", "entity_name": "Sustainable Timbers Tasmania", "folder_name": "Sustainable-Timbers-Tasmania", "category": "Data & Performance", "scale": "large", "title": "Outcome dashboard linking budget, delivery, and public impact", "idea": "Build a public-facing outcome dashboard showing spend, outputs, outcomes, and delivery confidence.", "quote": "Eric Abetz\nMinister for Business, Industry and Resources\nTarget Target Result Comment House of Assembly, Parliament House\n2023–24 2023–24\nHobart TAS 7000\nUnderlying net profit1 ($ million) (3.12)2 0.8 Met target\nNet cash flow from operations ($ million) 7.8 6.5 Target not met\nStatement of Compliance\nHigh quality eucalypt sawlog3 (cubic metres) 120,000 107,927 Met customer demand\nSpecial species sawlog (cubic metres) 8,400 8,889 Met target\nDear Minister,\nNative forest regenerated4 (hectares) 4,700 5,002 Met target\nIn accordance with Section 55 of the Government Business Enterprises Act 1995,\nPlantations re-established (hectares) 600 230 Met required needs we hereby submit for your information and presentation to Parliament, the Annual Report\nof Sustainable Timber Tasmania for the year ended 30 June 2024.", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Executives / Parliament / public", "source": "annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", "Stage delivery through pilots, benefits tracking, and public reporting." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability" ] }, { "entity_id": "S-TAS-040", "entity_name": "Sustainable Timbers Tasmania", "folder_name": "Sustainable-Timbers-Tasmania", "category": "Citizen Services", "scale": "small", "title": "Plain-language service pages and proactive status updates", "idea": "Rewrite high-volume pages and letters into plain language, add status notifications, and measure contact reduction.", "quote": "Impairment of non current assets D4, D5 455 12\nRe-establishment provision increment/(decrement) C2 (2,057) 1,327\nB1(c) Net expense incurred in the performance of fire prevention Community Service Obligations\nOther expenses 2,238 3,234\n2024 2023 110,908 96,091\n$’000 $’000\nFire prevention 3,403 2,919\nB1(f) Depreciation and amortisation expense\nNet firefighting costs 3,573 359\n2024 2023\nNet costs incurred in the performance of fire prevention Community Service Obligations 6,976 3,278\nNote $’000 $’000\nRoads D4 3,342 2,699\nRevenue received from performance of fire prevention Community Service Obligations is included in revenue at B1(a).", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Citizens / service users", "source": "annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Digital exclusion", "Low public trust if feedback is not acted on" ] }, { "entity_id": "S-TAS-040", "entity_name": "Sustainable Timbers Tasmania", "folder_name": "Sustainable-Timbers-Tasmania", "category": "Citizen Services", "scale": "large", "title": "Single front door for life-event based services", "idea": "Bundle services around life events so citizens can complete related steps across agencies in one journey.", "quote": "Impairment of non current assets D4, D5 455 12\nRe-establishment provision increment/(decrement) C2 (2,057) 1,327\nB1(c) Net expense incurred in the performance of fire prevention Community Service Obligations\nOther expenses 2,238 3,234\n2024 2023 110,908 96,091\n$’000 $’000\nFire prevention 3,403 2,919\nB1(f) Depreciation and amortisation expense\nNet firefighting costs 3,573 359\n2024 2023\nNet costs incurred in the performance of fire prevention Community Service Obligations 6,976 3,278\nNote $’000 $’000\nRoads D4 3,342 2,699\nRevenue received from performance of fire prevention Community Service Obligations is included in revenue at B1(a).", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Citizens / service users", "source": "annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", "Stage delivery through pilots, benefits tracking, and public reporting." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Digital exclusion", "Low public trust if feedback is not acted on" ] }, { "entity_id": "S-TAS-040", "entity_name": "Sustainable Timbers Tasmania", "folder_name": "Sustainable-Timbers-Tasmania", "category": "Procurement & Delivery", "scale": "small", "title": "Procurement lessons library for repeat purchases", "idea": "Capture reusable procurement clauses, market lessons, supplier performance notes, and common evaluation criteria.", "quote": "Exchange rate exposures are managed within approved policy parameters utilising forward foreign\nInvestments\nexchange contracts.\nin equity\ninstruments\nThe carrying amounts of the Group’s foreign currency denominated monetary assets and monetary liabilities at the reporting\ndesignated\ndate are as follows:\nat fair value\nthrough other\ncomprehensive 2024 2023\nincome D6 - - 2,961 - - 2,961 2,961 - - 2,961 Note $’000 $’000\n30,147 5 2,961 - - 33,113 2,961 - 5 2,966 Currency: United States Dollars (USD) USD USD\nFinancial assets\nFinancial\nliabilities Trade and other receivables D2 18 54\nTrade and 18 54\nother payables D8 - - - (11,801) - (11,801) - - - -\nFinancial liabilities\n- - - (11,801) - (11,801) - - - -\nTrade and other payables D8 - 30\n30,147 5 2,961 (11,801) - 21,312 2,961 - 5 2,966\n- 30\nForward exchange contracts", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Delivery teams / suppliers", "source": "annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability" ] }, { "entity_id": "S-TAS-040", "entity_name": "Sustainable Timbers Tasmania", "folder_name": "Sustainable-Timbers-Tasmania", "category": "Procurement & Delivery", "scale": "large", "title": "Portfolio delivery office for major investments", "idea": "Stand up a portfolio delivery office that tracks benefits, risks, dependencies, procurement, and delivery confidence.", "quote": "Exchange rate exposures are managed within approved policy parameters utilising forward foreign\nInvestments\nexchange contracts.\nin equity\ninstruments\nThe carrying amounts of the Group’s foreign currency denominated monetary assets and monetary liabilities at the reporting\ndesignated\ndate are as follows:\nat fair value\nthrough other\ncomprehensive 2024 2023\nincome D6 - - 2,961 - - 2,961 2,961 - - 2,961 Note $’000 $’000\n30,147 5 2,961 - - 33,113 2,961 - 5 2,966 Currency: United States Dollars (USD) USD USD\nFinancial assets\nFinancial\nliabilities Trade and other receivables D2 18 54\nTrade and 18 54\nother payables D8 - - - (11,801) - (11,801) - - - -\nFinancial liabilities\n- - - (11,801) - (11,801) - - - -\nTrade and other payables D8 - 30\n30,147 5 2,961 (11,801) - 21,312 2,961 - 5 2,966\n- 30\nForward exchange contracts", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Delivery teams / suppliers", "source": "annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", "Stage delivery through pilots, benefits tracking, and public reporting." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability" ] }, { "entity_id": "S-TAS-040", "entity_name": "Sustainable Timbers Tasmania", "folder_name": "Sustainable-Timbers-Tasmania", "category": "Regulation & Policy", "scale": "small", "title": "Regulatory burden scan for forms, guidance, and reporting", "idea": "Identify the top 10 highest-friction reporting obligations and simplify guidance, forms, or evidence requirements.", "quote": "These risks include market risk (including currency risk, interest rate risk\nNote $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 and price risk), credit risk and liquidity risk.", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "Regulated entities / policy teams", "source": "annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Regulatory capture", "Over-automation of judgement" ] }, { "entity_id": "S-TAS-040", "entity_name": "Sustainable Timbers Tasmania", "folder_name": "Sustainable-Timbers-Tasmania", "category": "Regulation & Policy", "scale": "large", "title": "Adaptive regulation program with live feedback loops", "idea": "Create an adaptive regulation model using sandboxes, industry data, risk scoring, and regular rule updates.", "quote": "These risks include market risk (including currency risk, interest rate risk\nNote $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 and price risk), credit risk and liquidity risk.", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "Regulated entities / policy teams", "source": "annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", "Stage delivery through pilots, benefits tracking, and public reporting." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Regulatory capture", "Over-automation of judgement" ] }, { "entity_id": "S-TAS-040", "entity_name": "Sustainable Timbers Tasmania", "folder_name": "Sustainable-Timbers-Tasmania", "category": "Staff Productivity", "scale": "small", "title": "Reusable briefing and summary assistant for internal documents", "idea": "Create controlled templates for summarising reports, submissions, minutes, and ministerial briefs.", "quote": "Eric Abetz\nMinister for Business, Industry and Resources\nTarget Target Result Comment House of Assembly, Parliament House\n2023–24 2023–24\nHobart TAS 7000\nUnderlying net profit1 ($ million) (3.12)2 0.8 Met target\nNet cash flow from operations ($ million) 7.8 6.5 Target not met\nStatement of Compliance\nHigh quality eucalypt sawlog3 (cubic metres) 120,000 107,927 Met customer demand\nSpecial species sawlog (cubic metres) 8,400 8,889 Met target\nDear Minister,\nNative forest regenerated4 (hectares) 4,700 5,002 Met target\nIn accordance with Section 55 of the Government Business Enterprises Act 1995,\nPlantations re-established (hectares) 600 230 Met required needs we hereby submit for your information and presentation to Parliament, the Annual Report\nof Sustainable Timber Tasmania for the year ended 30 June 2024.", "impact": "High", "effort": "Low", "proof": "Evidence-backed", "beneficiaries": "APS staff / executives", "source": "annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)", "implementation": [ "Pick one high-volume process or document family.", "Name an owner and baseline current volume, time, cost, and satisfaction.", "Run a 4-8 week pilot with clear before/after metrics.", "Publish lessons and decide whether to scale." ], "risks": [ "Privacy and data quality", "Change fatigue", "Unclear accountability", "Sensitive information leakage", "Inconsistent quality of generated drafts" ] }, { "entity_id": "S-TAS-040", "entity_name": "Sustainable Timbers Tasmania", "folder_name": "Sustainable-Timbers-Tasmania", "category": "Staff Productivity", "scale": "large", "title": "Department-wide knowledge and briefing platform", "idea": "Build a secure knowledge platform that lets staff search, summarise, and cite approved departmental material.", "quote": "Eric Abetz\nMinister for Business, Industry and Resources\nTarget Target Result Comment House of Assembly, Parliament House\n2023–24 2023–24\nHobart TAS 7000\nUnderlying net profit1 ($ million) (3.12)2 0.8 Met target\nNet cash flow from operations ($ million) 7.8 6.5 Target not met\nStatement of Compliance\nHigh quality eucalypt sawlog3 (cubic metres) 120,000 107,927 Met customer demand\nSpecial species sawlog (cubic metres) 8,400 8,889 Met target\nDear Minister,\nNative forest regenerated4 (hectares) 4,700 5,002 Met target\nIn accordance with Section 55 of the Government Business Enterprises Act 1995,\nPlantations re-established (hectares) 600 230 Met required needs we hereby submit for your information and presentation to Parliament, the Annual Report\nof Sustainable Timber Tasmania for the year ended 30 June 2024.", "impact": "Very High", "effort": "High", "proof": "Evidence-backed", "beneficiaries": "APS staff / executives", "source": "annual-reports/2023-24.pdf (https://assets.sttas.com.au/uploads/2025/07/Sustainable_Timber_Tasmania_Annual_Report_2024_3fb3f01150.pdf)", "implementation": [ "Create a senior responsible owner and cross-functional delivery team.", "Map legislation, data, privacy, procurement, cyber, and workforce constraints.", "Co-design with users and frontline staff before technology selection.", 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