16BForestry compensation certificate

### 16B Forestry compensation certificate > [*\[Section 16B Inserted by No. 12 of 2014, s. 22, Applied:22 Oct 2014\]*](/view/html/inforce/2014-10-22/act-2014-012#GS22@EN) > > > (1)  Subject to this Part, the Minister must issue a forestry compensation certificate to a purchaser under a wood supply contract at the request of the Forestry corporation or the purchaser. > > > (2)  Before issuing a forestry compensation certificate the Minister – > > > > > > (a) must be satisfied that – > > > > > > > > > > (i) there is an enforceable wood supply contract; and > > > > > > > > > > > (ii) the logs to be supplied under the wood supply contract will be processed in Tasmania into a forest product; and > > > > > > > > > > > (iii) any requirements set out in regulations made under this Act that prescribe any economic or environmental requirement, concerning the logs, the source of the logs or the processing of the logs, are met; and > > > > > > > (b) must have received from the Forestry corporation certification that, having regard to all other enforceable wood supply contracts, it is able to supply the quantities of logs specified in the wood supply contract in accordance with its terms. > > > (3)  The Forestry corporation must issue certification if, having regard to all other enforceable wood supply contracts, it is able to supply the quantities of wood specified in the wood supply contract in accordance with its terms.