In 2024, stakeholders raised concerns about discrepancies in the reported timber volumes. A review of the 2021-22, 2022-23, and 2023-24 reports found errors that led to some product categories being overstated. These errors were primarily related to how high-quality sawlogs, veneer logs, and weight-based timber sales were categorised and reported.

The errors occurred in the extraction and formatting of the data for the purposes of the Biomaterial Reports. It is important to note that source data and sales systems are not affected by this issue.

Our annual reports, financial statements, sustainability reports and periodic sustainable yield reviews draw base data from our systems and are completely separate from the Biomaterial Report, so are not subject to the errors and revisions described above

We conducted a thorough review and corrected the affected reports in January 2025. Changes included refining classification methods for sawlogs and veneer, ensuring accurate weight reporting, and eliminating errors in how data was processed. The revised reports confirm that all harvesting remained within the CIFOA limits.

We appreciate that the community has a strong interest in our operations and acknowledge that these errors should not have occurred. We sincerely apologise for any confusion this may have caused.

To prevent future errors, we are documenting data extraction processes, enhancing collaboration between sales and reporting teams, and strengthening oversight of external reporting.