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Whenever a Volvo Penta engine is sold, a partnership begins. Almost ten years ago, the first Eco Log 580E Harvester was fitted with the first Volvo Penta engine ever installed in a forestry application and sold to Swedish forestry specialists Nitta Rundvirke AB. Source: Timberbiz In 2024, when Nitta Rundvirke ordered another harvester, the Eco Log 590G with the latest D8 EU Stage V Volvo Penta engine, the sale marked a new milestone in the companies’ long-standing relationship, as well as the delivery of the 1,000th Eco Log machine powered by Volvo Penta. Frans Spetz is one of the co-owners of Nitta Rundvirke, located in western Sweden. Founded in 1965, the family-owned company operates in several industries, including transportation, excavation, and forestry. In addition to running his company, Frans conducts a lot of field tests. Extensive testing in demanding work environments, combined with an ongoing dialogue on improvements, is essential for finding the best solutions. By working in close collaboration with customers, Volvo Penta develops products and services that meet ever-increasing demands in terms of productivity, cost-efficiency, connectivity, and sustainability. With Nitta Rundvirke, new engines and machines are tested in various forestry applications, in their proper work environment. “As field testers, we are honest and straightforward throughout the development process,” says Frans. “There are other field testers that are just happy to try something new, without giving proper feedback or telling the manufacturer what they actually think. But we always do.” Among the machines that the operators of Nitta Rundvirke work with, and have tested thoroughly, are those of Swedish OEM Eco Log, equipped with Volvo Penta industrial engines. Frans bought his first Eco Log 580E Harvester almost ten years ago, outfitted with the very first Volvo Penta engine ever installed in a forestry application. More than 11,000 work hours later, that D8 Stage IV engine is still running today, in the same harvester, with only routine maintenance since its installation. When a forestry machine malfunctions in a remote location, the operator will often have to solve the issue on the spot. To keep costly downtime to a minimum, they need to know a lot about their machines and their engines. Frans and his colleagues use their machines to their maximum capacity. Even so, the D8 engine has remained robust and reliable year after year. “We had to change the water pump at some point,” Frans notes. “But that’s the kind of inevitable maintenance that comes from normal wear and tear.” Forestry machines are very complex, and operators demand a lot from them. However, the construction of both the machines and their engines needs to be intuitive and convenient, to facilitate maintenance when required. “When you dimension everything correctly, and the engine is easy to work with, it just makes everything a lot easier,” Frans says, adding that one of the reasons many players in the forestry industry choose Eco Log’s machines because they are equipped with Volvo Penta engines. In the spring of 2024, Frans ordered yet another harvester, the Eco Log 590G, equipped with the latest D8 EU Stage V Volvo Penta engine. Shortly afterwards, he saw a video acknowledging the delivery of the 1,000th Eco Log machine powered by Volvo Penta. “There was a clip highlighting the occasion, showing Volvo Penta coworkers displaying an engine with a shiny, gold-coloured engine cover, which I thought looked really nice,” says Frans. When Frans met with Eco Log and Volvo Penta to receive his new harvester, he was greeted by an unusually great number of people out in the forest. “They had brought cake and stuff, and there – under the hood of my new harvester – was the engine with the golden cover.” Frans’ D8 Volvo Penta engines – old and new alike – are put to the test every workday, by him and his colleagues. The engines’ robustness and reliability make his forestry operations more efficient and contribute to a more worry-free work environment. “The engines just keep going, meaning that we can keep going, too,” says Frans. “No repair needed, only occasional routine maintenance. It’s cool to know that the 1,000th engine sits right there, in our harvester. Not that we get that many opportunities to look at it, since it rarely ever needs to be checked.”

According to a survey conducted by the Finnish Shareholders’ Association, the Finnish Foundation for Share Promotion and T-Media, the most reputable listed company in 2024 is Ponsse. Source: Timberbiz The survey evaluated the reputation of 80 listed companies in the eyes of Finnish private investors. Ponsse is the only company in the survey to achieve an excellent reputation. The top three most reputable listed companies were Ponsse, KONE, and Gofore and Vaisala, sharing third place. Listed companies’ reputation was studied in May and June 2024, with a total of 7,958 Finnish private investors responding to the survey. Based on the survey model, the reputation of each company was rated on a scale from one to five. In the top three, Ponsse’s reputation was rated 4.04, Kone’s 3.98, Gofore’s 3.97 and Vaisala’s 3.97. This year, Ponsse was the only company in the survey to achieve an excellent reputation. Products and services, as well as good management, impacts on investment decisions Finnish private investors considered products and services to be the best aspects of the reputation of listed companies. In addition to the economic perception, the survey also showed that the images of management and the price-to-quality ratio of products and services guided the behaviour of private investors. “This is a great tribute to the entire Ponsse family. We are very grateful for this recognition. I believe this shows how we work together for the benefit of our customers. In a changing world, we need to keep up with new trends and keep our products and services competitive,” said Jarmo Vidgren, Chairman of the Board of Directors. The reputation was measured using the Reputation & Trust survey model, in which the evaluation is based on eight dimensions: governance; financial performance; leadership; innovation; dialogue; products and services; the workplace; and responsibility.  

In the Trump administration, trees were crops. In the Biden administration, they’re guardians of the climate. This fall’s election will determine which label wins, though the Forest Service’s work on the ground may not change all that much. Source: E&E News by Politico That’s one conclusion from forest policy groups, which see the rhetoric around managing national forests hinging on the presidential race between Kamala Harris, the Democratic nominee, and Donald Trump, the Republican contender, even as radical changes aren’t likely anytime soon in the 193-million-acre forest system. “There isn’t much controversy over the need to do more to improve the health of the national forests,” said Bill Imbergamo, executive director of the Federal Forest Resource Coalition, representing companies that harvest timber on federal lands. He added, “I don’t see a potential Harris or Trump administration giving up on active management as part of the solution to the wildfire crisis.” No matter who’s elected this fall, the Forest Service — which is filled from top to bottom with career employees rather than political appointees — will continue to log forests, including older trees in some places. It will plant more trees to catch up with a decadeslong reforestation backlog and allow monitored wildfires to burn in some places, despite scattered but vocal opposition to the policy. And the agency will likely keep spending more than half of its discretionary budget fighting fires, a milestone first hit in 2015. That year, the Forest Service predicted fire suppression costs could hit $1.8 billion by 2025. Now, the agency predicts the cost for the coming year could exceed $3 billion. Lawsuits from environmental groups on large forest projects may not let up much, either. Despite the Biden administration’s stated goal of protecting mature and old-growth forests, the Democratic administration is fending off legal challenges to logging projects on the Daniel Boone, Kootenai and Nantahala national forests, among other places. The usual battle lines will likely persist no matter who leads the Forest Service. Although the position is a career rather than political post, leadership has tended to change with administrations. Possibly more important is who the incoming president picks as secretary of the Agriculture Department and how closely the White House inserts itself into forest policy, said Steve Ellis, a former Forest Service and Interior Department official who heads the National Association of Forest Service Retirees. “Such choices are critical,” Ellis said. Infrastructure and climate law funding rollout Much of the Forest Service’s current workload is tied to two big appropriations bills passed during the Biden administration — the bipartisan infrastructure law and the Inflation Reduction Act. The laws poured billions of dollars into forest management, including reducing potential wildfire fuel like dead and dying trees, replanting trees in areas damaged by wildfire, and rehabilitating roads and campsites. The IRA alone sent $5 billion to the Forest Service. Nearly half of which was devoted for the agency’s state and private forestry programs, including planting trees in communities around the country. About $2.2 billion went directly to national forests, including for forest thinning. Republicans aren’t likely to cut off money in those areas if swept into power, policy groups said. But they’ll probably be more skeptical than Democratic counterparts about how it’s spent and whether to add still more. Forest work that Democrats billed as an emergency under those appropriations was slow to start, so the agency’s success in using the IRA and infrastructure funding — which runs out in the next few years — could determine whether Congress provides more money during the next administration, Imbergamo said. While IRA funds for the Forest Service may not appear in jeopardy, a lobbyist for another advocacy group said, that assessment is “subject to change of course depending on the appetite and margin of victory for the GOP.” This lobbyist, who requested anonymity to speak openly about offices the group works with, said a rollback of unobligated IRA and infrastructure law funding is a “distant but distinct possibility.” The next administration will inherit a shorter-term budget crunch at the Forest Service as well. In June, Forest Service Chief Randy Moore said the agency would curtail hiring for non-fire-related positions and emphasized that future hires through the IRA and the infrastructure law would be considered temporary or term employees. State forest agencies are pressing Congress to direct more money at programs that benefit them, such as state fire assistance grants in the forest stewardship program, which helps private forest owners manage their land. But proposals in both the House and Senate for fiscal 2025 are millions of dollars behind the recommendations of the National Association of State Foresters. Some programs, like landscape-scale forest restoration projects, could see a shift in emphasis, said Maya Solomon, senior director of policy and advocacy at the American Forest Foundation. Democrats would likely push for more money and direct it at climate resilience and ecosystem health, she said, while with Republicans in charge, “Funding might be more limited and directed towards projects with immediate economic or resource management benefits.” Strategy for mature and old-growth trees The biggest split between Democratic and Republican control may be on protecting old-growth forests. Neither campaign has had much to say on forest policy, but Harris is expected to build on the Biden administration’s record and Trump is expected to return his first term agenda. The Democratic Party platform adopted at this week’s national convention in Chicago pledges to “work to reduce threats to iconic old growth forests.” The Biden administration is in the final stages of preparing a systemwide forest plan amendment to conserve old-growth areas in national forests, including by reducing timber harvesting in some areas. Republicans have roundly opposed the idea, which is all but certain to be curtailed in a second Trump administration. In 2017, Sonny Perdue, Agriculture secretary under Trump, told a House subcommittee that trees are “crops” that “ought to be harvested for the benefit of the American public” — setting early on the administration’s tone on forest policy. In its proposal […]

Scion scientists have identified a unique microbiome associated with pine pollen, a significant step forward in forest research. Source: Timberbiz Led by microbiome scientist Lottie Armstrong and Dr Steve Wakelin, the world-first discovery reveals that pine pollen carries specific microorganisms consistently across regions and years. This microbiome may also offer insights into future environmental and allergy research. As outlined in a newly published paper, Armstrong has been exploring the idea that pollen is more than just a carrier of plant genetic material. “Like humans, many plant surfaces are colonised by microbial organisms, and these microbes influence the fitness of the plants. Pine trees and other conifers have been around a lot longer than humans, so we wonder if they have had much longer to form, or co-evolved, microbiome associations. “Microbiomes may be even more important to trees than they are to us,” she says. Using environmental DNA-based methods, Armstrong examined the microbiomes on pine pollen from different Pinus radiata trees across Canterbury. Over two consecutive pollen seasons, researchers found a highly consistent presence of bacterial and fungal microbiomes on pine pollen. The fact that the same microbial species were present on pollen from different trees, and are stable over consecutive years, indicates this pollen microbiome is conserved and may be important for the plant. “Metabolomic analysis showed that amino acids and sugars on the pollen surface may help maintain this microbiome,” Armstrong adds. This revelation means that when pollen moves from tree to tree, it’s not just transporting the male genetic material—it’s also carrying a microbiome and all the microbial genome too. https://drive.google.com/file/d/1sXJykTCrr3e3yGSncpblL2LnfaE5A5tP/view “Microbiomes are essentially hitchhiking on pollen to move from tree to tree,” she says. “It’s a great evolutionary tool for microbes, allowing them to be transmitted into the wider forest, or to play a role in fertilisation, germination or the health and fitness of the next generation of trees.” This discovery could open up new opportunities for researchers in health-related fields, particularly those involved in allergy research. “In other plant species, some of the allergenic effects of pollen are influenced by the microbiome,” Armstrong says. “Wouldn’t it be great to have a low-allergy microbiome on our pine trees so that those sensitive to pine pollen might get some relief? This could be a useful breeding target for the next generation of pine trees.” While this aspect of the research is still unexplored, the potential implications are far-reaching. The findings suggest that by understanding and possibly manipulating the microbiomes of trees, researchers could not only improve forest health and resilience but also help mitigate some of the allergenic effects of pollen on humans. “This is just the beginning,” said Dr Wakelin. “There’s still a lot we don’t know, but what we’ve discovered here sets the stage for exciting future research. Understanding how trees and their microbiomes interact will not only benefit forestry but may also have broader environmental and public health impacts.”

For 70 years, the Coronation Forest schools programme in New Zealand has provided local school children a behind-the-scenes glimpse at a working production forest in the Golden Downs forests. Source: Timberbiz The programme was initiated by Nelson man Arnold Cork who had an idea that would leave a legacy for generations. To mark Queen Elizabeth II’s accession to the throne, Cork suggested planting trees in an area of Golden Downs State Forest and renaming it Coronation Forest. Cork set out to create a forest to engage school children in their environment and the local forestry industry, and 70 years later his idea is still flourishing. Shaun Truelock, OneFortyOne New Zealand Forests’ General Manager explains how Coronation Forest has become a piece of living history for the Nelson Tasman region. “More than 40,000 local school children have planted seedlings in Coronation Forest over its 70-year history,” said Shaun. “As New Zealand becomes increasingly urbanised, the programme has given young people access to a unique outdoor experience and the opportunity to increase knowledge about local industries, fostering a connection with the land. “Every year, hundreds of school children from local schools participate in tree planting and plantation forestry activities such as tree measuring, guessing the age of pines, and learning more about the local ecosystem, said Shaun. Tasman Mayor Tim King attended the anniversary celebrations on Friday and reflected on his own experience at Coronation Forest when he attended as a pupil at Brightwater Primary School. Mayor Tim King congratulated OneFortyOne and Ngāti Toa for the continued support of this longstanding initiative which will continue to provide enduring connections to the forest industry for the many thousands of kids who have attended Coronation Forest planting days over the years. “Continuing this strong connection with the community is crucial to one of Tasman District’s most important industries,” Mayor King said. Te Uru Rakau, Forest Engagement & Advice Director, Alex Wilson has said: Ministry for Primary Industries, Te Uru Rākau – New Zealand Forest Service, and predecessors have supported the education program, yearly events and planting days over the lifetime of the Coronation Forest. “Regionally – it is hard not to speak to someone who has been involved in the events to some capacity, through school, recreationally or professionally,” said Alex. “Te Uru Rakau see the importance of connecting people with forests and wood they produce as well as learning the history of Nelson’s forests. Over the years, the forest has passed between different companies, with OneFortyOne New Zealand Forests now managing the area and supporting the forestry education programme, leasing the land from Ngāti Toa. The project is one of the longest-running privately-funded educational programmes in New Zealand, and many of those who planted trees in the 1950s have since returned with their children and grandchildren. Lee Wiren, a resident of Wakefield, has a family connection with Coronation Forest. His grandfather worked carting logs out of the forest from the 1970s to the 1990s, and he works in the industry today as a log truck driver. Lee’s dad and aunts each planted trees at Coronation Forest in the 1960s, while he attended Coronation Forest when at Enner Glynn Primary School in 1998. His daughter, a pupil at Wakefield Primary School, has planted seeds for the past two years, becoming the third generation to enjoy the area. His visit as a child in the 1990s remains an enduring memory. “I’d never been up there before, but knew it was an area where my dad and uncles worked,” he says. “I was stunned when I got there; the view over Nelson was simply awesome, it was remarkable. I still remember that day, playing among the trees and getting involved with planting. I remember feeling so proud of myself for planting a tree, it was such a great feeling,” he adds. Lee still remembers the sense of pride in being involved in the programme. “Over the years, whenever we drove past the forest, I’d always remind mum and dad that I had planted some trees there.” In his work, Lee believes he has “probably carted some of the same trees me and my class planted in the 1990s”. The experience kick-started a lifelong love of the forestry industry. “That’s what really sparked my interest,” he adds. “Visiting and having that exposure to the outdoors got me interested, and I went to work in sawmills in the area. But it’s driving logging trucks that I really love now.” Ngāti Toa and OneFortyOne continue their strong support for the programme, working to educate the next generation of children about the forest. After more than 70 years, Cork’s idea is well-placed for the next big milestone as one of New Zealand’s leading forestry educational initiatives.  

To align with the European Deforestation Regulation (EUDR), FSC is introducing a new generation of Risk Assessments that will replace the existing FSC National Risk Assessments. Source: Timberbiz This enhanced approach will not only support the production of FSC MIX products under the FSC Controlled Wood system, but it will also be a critical tool for evaluating risk in compliance with new legal requirements, including the EUDR. These next-generation Risk Assessments will provide companies with an invaluable resource for efficiently assessing and mitigating risks and streamlining compliance. The Risk Assessments can be developed through two different processes: centralised or comprehensive processes. In essence, a centralised process means that FSC International oversees the revision process, with a consultant appointed jointly by FSC International and FSC ANZ drafting the Risk Assessment. This is how the New Zealand Centralised Risk Assessment was developed. This differs from a so-called ‘major process’ where FSC ANZ would be the process lead, and the Risk Assessment would be drafted by a chamber-balanced working group, which is how the Australian National Risk Assessment was developed. FSC International’s accelerated process for developing approximately 90 Risk Assessments globally includes strict timelines and milestones. If a milestone is missed, the process will automatically revert to a centralised approach. Given that the established milestones were deemed unachievable by the Board, a centralised process for Risk Assessments in Australia and New Zealand was requested. Of the 20 countries currently developing their Risk Assessments, 19 have chosen a centralised approach. Therefore, the FSC ANZ Board’s decision aligns with the common practice observed internationally. The draft Risk Assessments will go through 30 days of consultation, providing an opportunity for future users of the Risk Assessments and other stakeholders to provide feedback on the draft documents. Request for proposals to develop the new Risk Assessments On 30 August, FSC International published a call for proposals from consultants interested in drafting the Risk Assessments for Australia and New Zealand. All the relevant materials can be accessed here. The consultants will review the existing (Centralised) National Risk Assessments for Australia and/or New Zealand against the FSC-PRO-60-006b Risk Assessment Framework, identify gaps and discrepancies and revise the respective assessment in conformance with the Framework. Applications are open until 19 October 2024. EUDR alignment until the Risk Assessment comes into effect Until the Risk Assessments come into effect, certificate holders relying on the FSC system to comply with the EUDR will have to undertake an extended company risk assessment using either a simplified or a main risk assessment template provided by FSC International. The simplified template is required for FSC Forest Management and Chain of Custody (FSC 100%) certificate holders seeking to demonstrate conformity with FSC-STD-01-004 FSC Regulatory Module to use their FSC Certification to support compliance with the EUDR. This template provides a largely pre-filled assessment of risk based on certification status. The main risk assessment template is relevant for certificate holders undertaking an extended company risk assessment to conform with FSC-STD-40-005 Requirements for Sourcing Controlled Wood and FSC-STD-01-004 FSC Regulatory Module. More information about the templates, the templates themselves, guidance and a tutorial can be accessed here. Certificate holders who do not need to comply with the EUDR do not need to use the templates.  

ForestrySA’s General Manager of Community Services Monique Blason is this year’s recipient of the Richard Stanton Memorial Leadership Award for excellence in sustainable forest management and chain of custody certification. Source:  Timberbiz The award was presented by Responsible Wood’s CEO Simon Dorries and Chair Dr Tony Bartlett at an Australian Forest Products Association dinner in Melbourne. The award honours the legacy of Richard Stanton, a former Australian Forestry Standard CEO whose dedication to the responsible management of forest resources continues through the Responsible Wood Certification Scheme. The award celebrates individuals who demonstrate excellence and leadership in the principles of sustainable forest management and the promotion of the RWCS. Ms Blason, who is also a director on the Forestry Australia board, commitment extends beyond forest management. She has embraced the Responsible Wood Certification Scheme, ensuring that all managed sites proudly display the Responsible Wood logo, like along the popular Wilampa Trail. Her efforts in promoting sustainable forestry and her collaboration with First Nations groups to provide access to native trees for traditional uses further showcase her dedication to cultural heritage. Her leadership and dedication set a new benchmark for sustainable forest management in Australia. Her team manages over 16,000 hectares of Native Forest Reserves and supports conservation and recreational activities across 10,000 hectares of commercial pine plantations in the Adelaide Hills. Monique has become a leader in championing the non-wood benefits of forests, including biodiversity conservation and recreational opportunities for local communities. As part of this year’s award, Monique received a unique handcrafted Blackwood bowl, turned from a burl sourced from Sustainable Timber Tasmania’s certified forest estate. The bowl was created through a certified chain of custody supply chain, including Island Specialty Timbers and Darryl Freestone, a proud member of Wood Connect, Australia’s largest chain of custody group.

In a paper published this week, Investing in a Nature Positive Future, New Forests, a global investment manager of nature-based real assets and natural capital strategies, has seen increasing numbers of investors making commitments to align their investment portfolios with both the net zero aspiration of the Paris Agreement and the concept of ‘nature positive’ flowing from the Kunming-Montreal Global Biodiversity Agreement. Source: Timberbiz To establish effective strategies and make measurable progress against these goals, New Forests says investors will need experienced landscape and forestry asset managers to help manage risks and unlock new sources of value to achieve nature positive outcomes. The concept of nature positive refers to the conservation, restoration and enhancement of nature, reversing its decline by 2030 and achieving full and ongoing recovery of nature by 2050. New Forests, founded in 2005, has almost two decades of experience in optimising risk and returns from nature-based solutions and land-based investments. Investing in a Nature Positive Future offers a practical framework for investors, outlining the policy environment, mechanisms to incentivise conservation and regulate impacts on nature as well as the opportunities arising for investors in private real assets, particularly forestry, agriculture and conservation land management. Taking on this challenge will require new technologies to be able to forecast landscape conditions into the future. Nature-based real assets are increasingly converging into a natural capital asset class offering potential solutions to climate change, nature decline and the provision of critical renewable resources whilst accelerating investment opportunities in real assets. Today, the global investible universe for forestry is $US300 billion[1]. The new natural capital asset class with exposure to agriculture and timber markets, carbon pricing, biodiversity markets and options for renewable energy development is drawing substantial investor interest. New Forests expects investment into natural capital could rise to $US1 trillion or more over the next two decades. “To make this rise in investment a reality, it is critical that the economic and policy signals are fit for purpose. We need standardised accounting for carbon in landscapes, metrics for biodiversity, market-based approaches to climate and nature conservation solutions,” says David Brand, Founder and Chair of New Forests, who has 40 years’ experience in land investment, forest management, science, and public policy. The Paper emphasises the imperative to create value for nature, and price signals that make it more economically attractive to conserve and restore nature, than to destroy it. “The positive news is that global recognition of the economic and environmental benefits of carbon projects and biodiversity projects and demand for solutions is growing,” says Mark Rogers, Chief Executive Officer, New Forests. “Land-based investments are increasingly recognised as foundational to climate change mitigation and adaptation solutions, restoration and conservation of nature and the provision of critical renewal resources into a sustainable bioeconomy. We are seeing new sources of option value enabling investors to derive enhanced risk adjusted returns from land-based investments as well as portfolio level decarbonisation and nature positive outcomes. “Where investment previously would be based on conventional returns from the sale of timber or agriculture produce, now there is exposure to carbon markets and biodiversity markets or payments, tradeable water rights, wind and solar farm leases.” There is growing pressure on businesses to disclose their sustainability-related performance as well as risks and opportunities. This in turn requires the creation of standardised approaches to measuring, monitoring, accounting and reporting on biodiversity metrics and progress towards nature positive outcomes. The facilitation of a standardised nature disclosure framework from the Taskforce on Nature-related Financial Disclosures (TNFD) will enable both businesses and investors to demonstrate transparency across four areas – governance, strategy, risk and impact management and metrics. The Paper also discusses major advances in technologies and analytical approaches needed to collect data on these attributes to optimise land use. For example, geospatial modelling, which can layer data on soils, topography, climate and weather patterns to optimise land use and enhance agricultural and forestry productivity. “There are multiple competencies necessary to understand the financial characteristics of this future-looking natural capital asset class for investors, but this brings major opportunities. Blending together a set of dynamic, potentially uncorrelated revenue streams encourages a review of where this new natural capital asset class fits in an investment portfolio, the range of different investment structures and approaches that can be used, and whether allocations can or should be increased,” continued David Brand. “Ultimately specialist managers will be needed to package up these components and bring these investment opportunities to the market. We are in a race to stabilise and restore as much of our biodiversity as possible before it is lost.” [1] Source: New Forests’ estimates and projections as at 30 June 2024.

Today’s housing crisis has developed over more than 20 years and accelerated through the pandemic. It cannot be resolved by any single government or within one term, but there is much that can be commenced. The Australian Government’s scope to improve market equity and increase housing supply is constrained. State governments oversee infrastructure, transport, and hospitals, while local councils manage the availability of land for development. There are around 11 million households in Australia, but increasingly the cost of achieving climate change goals, increasing public housing stock and paying for the maintenance of community spaces are being imposed on just the 200,000 households building a new home each year. The inequity of a tax system that requires new home buyers to fund an increasing burden of government expenditure has seen a decline in the share of households building a new home over recent decades. This, in turn, leads to fewer new home buyers bearing this ever-increasing tax burden. The more you tax housing, the fewer homes will be built. Up to 50 per cent of the price that a consumer pays for a new house and land package is taxes, fees, charges and unnecessary costs imposed by governments. If you tax it, you will get less of it. The following initiatives will not resolve the inequities caused by decades of undersupply of housing but adopting them will set the stage for increased supply, reduced rents, and stabilised home prices by the end of the decade. It’s not too late to make a difference. Focus on increasing housing supply across the housing continuum, rather than focusing on one housing segment. Include ‘housing affordability’ as a guiding principle for every state and federal government department developing housing related policies. Fund public housing equitably and increase public housing investment beyond election cycles. Increase government investment in enabling infrastructure to get shovel ready land delivered faster. Ensure infrastructure costs are equitably shared and not burdened only on those supplying new housing. Restore foreign investment into home building to help fund and boost the numbers of private rentals. Increase placements in Home Guarantee Scheme and introduce Help to Buy to support first home buyers to secure house deposits. Ensure stable and reliable migration policies are set in place and housing can be planned to support these settings. Facilitate greater access to skilled labour through the introduction of an appropriate skilled migration program. Boost apprentice numbers and provide consistent support for employers to take on an apprentice. Reevaluate mortgage lending restrictions that place unnecessary restrictions on first home buyers securing home loans. Improve data on land supply and benchmark new land releases against the National Housing Accord target of 1.2 million homes. In conjunction with state and territory governments implement widespread planning reforms as set out in the National Planning Reform Blueprint. Aim for a Rental Vacancy Rate of 3 per cent to create a more competitive rental market, increase rental options and reduce prices. Place a moratorium on new regulatory measures that would add to the cost of housing and require government standards setting agencies to identify regulatory offsets for any new substantive regulations. Addressing the housing crisis requires leadership and coordination from the Housing Minister, Treasurer, Finance Minister, Skills Minister, Immigration Minister, Industry Minister, and all tiers of government. We need to rethink how revenue is raised, redefine the role of local councils, and shift away from expecting taxes on new housing supply to fund broader public needs. We need to acknowledge the impact of the increasing reliance by state and local governments on housing related taxes and work out how to incentivise or compensate for this if they feel this revenue stream is threatened. Governments should support housing outcomes rather than hinder them. The focus should be on removing restrictions and enabling Australians to secure homes without undue financial strain. Overall, we seek strong and brave leadership on housing, collaboration, and a system which encourages accountability from state and territory governments.