Definition of terms and acronyms
300 Index
A measure of volume productivity for Pinus radiata. It is the mean annual volume increment in cubic metres per hectare of a 300 stem per hectare Radiata pine stand at age 30 years. (This methodology supersedes Site Index (SI), an indication of site productivity based on the expected mean top height of Pinus radiata 20 years from planting.)
Annual Report
The Financial Markets Conduct Act 2013 requires the manager of a registered Managed Investment Scheme to prepare an Annual Report on the affairs of the scheme during the accounting period ending on the balance date. The contents of the annual report are prescribed in Financial Markets Conduct Regulations 2014. The Annual Report must be prepared and [...]
Anti-Money Laundering (AML)
New Zealand’s Anti-Money Laundering and Countering Financing of Terrorism Act 2009 requires us, as a financial services provider, to undertake due diligence on all new customers which involves gathering information about customer identity and residential address, verifying a customer's identity, and undertaking ongoing customer due diligence and account monitoring.
Assignee
The buyer or transferee of shares in a managed investment scheme.
Assignor
The seller or transferor of shares in a managed investment scheme.
Balance Date
The financial year-end balance date. For a Forest Enterprises investment this is either 31 December, 31 March, 30 June or 30 September.
Blanking
Replanting of dead or damaged trees normally undertaken the winter following the planting of a stand.
Butt Log
The bottom part of a tree. A 'Peeler Butt' is the pruned bottom part of the tree, around 2m in length, used by mills to make veneer.
Call
The name of the regular instalment payments by investors, required to meet their share of the annual budget for forest management and other services. The term also covers other contributions investors must make for the development and management of the investment which is prudent or necessary. The largest amount of funding is required in Year One in order to [...]
Carbon Lease
All of the Post-1989 forests promoted by Forest Enterprises have entered into a into a commercial arrangement with a company called New Zealand Forest Leasing Ltd (NZFL), resulting in the carbon in the Post-1989 areas of the forest being leased to New Zealand Carbon Leasing (No. 1) Limited, a subsidiary of NZFL, in return for [...]