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South Australian Forestry Corporation

Functional responsibility

The South Australian Forestry Corporation (the Corporation) is a public corporation, established under the South Australian Forestry Corporation Act 2000. The Corporation is responsible to the Minister for Forests.

The Corporation manages native forest reserves and commercial plantations located in the Mount Lofty Ranges and the mid-north of the State. The Corporation also manages commercial plantations owned by OneFortyOne Plantations Pty Ltd (OFO) located in the south-east of the State, spanning into Victoria.


Financial statistics
Sale of timber products: $18 million
   
Revenues from SA Government: $8 million
   
Value of land and standing timber: $87 million
   
Number of FTEs: 95
   
Hectares of forests managed by the Corporation:  
   Commercial plantations owned by OFO 81 673
   Commercial plantations in Mount Lofty Ranges 11 581
   Commercial plantations in mid-north of the State 3 351
   Native forest reserves 19 865

Significant events and transactions
  • On 22 July 2015 the Minister for Forests announced that OFO will internalise the management of its plantations in 2015-16, effectively ending the Corporation’s obligation to manage OFO’s plantations. Most of the Corporation’s workforce and operations will be transferred to OFO.
  • On 1 December 2014 a new suite of financial and forestry systems was implemented to support the operations of the Corporation and OFO.
  • The State Government is reconsidering the future of the fire ravaged plantations in the mid-north of the State.

Financial statement opinion
Unmodified

Financial controls opinion
Modified
Key issue:
  • Financial procedure documents not updated in a timely manner with new processes and controls