IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 15 Sep 2017 | Removal date: open ended
Still in force

Capital injection and equity stakes (including bailouts)

On 3 July 2017, the regional government of Victoria announced its intention to purchase Heyfield timber mill in order to secure jobs. After intense negotiations, the official purchase was announced on 15 September 2017.

Although no official statement has confirmed the exact investment amount, it is assumed that the total investment amounted to at least AUD 40 million (USD 32 million at the time of the bailout) as this was the initial quantity offered to Australian Sustainable Hardwoods to save the mill. However, this amount was rejected as it was considered a poor offer.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

311 Wood, sawn or chipped lengthwise, sliced or peeled, of a thickness exceeding 6 mm; railway or tramway sleepers (cross-ties) of wood, not impregnated
4407 Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or endjointed, of a thickness exceeding 6 mm.
440710 Coniferous
440725 Dark Red Meranti, Light Red Meranti and Meranti Bakau
440729 Other
440791 Of oak (Quercus spp.)
440799 Other

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