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Forest NSW Annual Report 2012

Statutory appendices Storm damage Business failure of a major Motor Vehicle, Industrial Special Risks, Group Severe storms can damage trees, particularly customer Travel, Marine Cargo and Professional Indemnity.Personal Accident (Volunteers), Corporate young plantations. Thinning programs are The internationalisation of ownership in These were sourced from both local and global designed to reduce susceptibility to wind-throw the NSW softwood industry has seemingly insurance markets at competitive rates. damage. Forests NSW has the capacity to quickly guaranteed that collapse of one of the major salvage wind and storm damaged plantations, processors is unlikely. The global owners of Forests NSW continues to be licensed by followed by establishment of new forest. these facilities have strong financial resources. WorkCover to be self-insured for fieldworkers compensation, in addition Forests NSW also holds Flood damage In the hardwood sector, the bulk of Forests a Workers’ Compensation Excess Policy providing NSW trade is with one major customer. This cover for abnormal Workers Compensation claims Extreme storm conditions with resulting customer is a large national building products from their fieldworker employees. flooding cause damage to roads and limit company with its hardwood timber production productive harvesting capacity. Robust dominated by high value adding activity. Public servant employees of Forests NSW are planning controls and strategies allow for insured for Workers’ Compensation under a flexibility in operations. Forests NSW, through its credit policy and separate cover through an external underwriter. financial management, maintains adequate Meeting supply commitments levels of security (from partially secured, to Industrial Special Risks claims on two separateDuring the year, Forests NSW settled on two fully secured, to pay in advance and utilising Effective strategic and tactical operational cottage fires. Bank Guarantees, etc.), monitors customers’ planning is undertaken to meet commitments in Wood Supply Agreements. Appropriate creditworthiness of customers. Waste managementaccounts and checks financial health and science and technological tools and skill sets are employed in developing harvesting plans. Strategies are in place for other risks identified Forests NSW manages waste, recycling and in Forests NSW Risk Register. These risks are: procurement in line with the NSW Government Significant downturn in timber inadequate planning and planning Waste Reduction and Purchasing Policy demand controls; (WRAPP) commitment to the NSW Government inadequate health and safety; Sustainability Policy, which sets targets for Forests NSW has no ability to control market resource use, disposal and procurement across lack of harvest and haulage contractors; demand, and limited ability to reduce energy, water, fleet and waste. operating costs if volumes fall. To limit financial environmental sustainability; impacts, Forests NSW is diversifying product loss of commercial viability; Forests NSW has invested heavily in moving mix, identifying alternative sources of funding failure to meet social responsibilities; to containerised seedling production at its production nursery at Tumut. This has provided for plantation establishment and participating poor management and access to greater efficiency in water usage. in industry-wide campaigns to promote the information; and use of wood. inadequate or inappropriate workforce Investment has also been committed in a heavy management. and light fleet replacement program over the Loss of information past three years. This has resulted in reduced Certification is maintained for disaster recovery Insurance fuel usage and GHG emissions. of key systems and information security is Forests NSW maintains extensive insurance More information on waste management is addressed through a Steering Group reporting coverage. Policies in place for the year were contained in the supplementary sustainability to the Senior Management Team. for Combined General Liability, Excess Liability, information available on Forests NSW website. Workers compensation 2011–12 2011–12 2010–11 2010–11 2009–10 2009–10 Workers compensation 2008–09 2007–08 TMF Self Insured TMF Self Insured TMF Self Insured Number of claims lodged 6 26 9 41 8 68 73  111 $ spent on claims (inc settlements) $14 686 $925 482 $15 767 $758 369 $21 420 $1 181 370 $2 053 976 $988 004 Number of permanent impairment claims lodged 0 5 0 5 0 15 17 5 $ spent on permanent impairment claims $0 $39 125 0 $114 186 0 $112 225 $201 575 $84 700 $ spent on work injury damages settlements $0 $0 $0 $0 $0 $165 000 $495 000 $0 Number of claims declined 1 3 0 3 1 2 10 3 Note: Forests NSW commenced insuring the public sector workforce with the Treasury Managed Fund as of 1 December 2009. Forests NSW continues to be self insured for the fieldworker workforce and all public servant claims lodged prior to 1 December 2009. 124 Forests NSW Annual Report 2011–12 Social, Environmental and Economic Performance


Forest NSW Annual Report 2012
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