ABOUT THIS DOCUMENT

Purpose
The purpose of this document is to provide a set of standards and guidelines for the physical and financial description and the valuation of commercial plantation and natural forests in Australia and New Zealand. They are applicable to plantation and natural forests of any size and ownership. These standards apply to a range of purposes as outlined in Chapter A1.

Authority
This document has been prepared under the authority of the Institute of Foresters of Australia (IFA) and the New Zealand Institute of Forestry (NZIF). The IFA and the NZIF are the bodies representing forestry professionals in Australia and New Zealand. Both the IFA and the NZIF have as one of their objectives to serve their respective members by providing professional standards.

Layout
Parts B and C of this document includes the actual Forest Valuation Standards, and the standards are marked and numbered in capital bold font, for example: STANDARD B1.1

Users
These standards have been developed primarily for the members of the IFA and NZIF engaged in the physical and financial description, and the valuation, of a forest resource for internal or external reporting. They are also developed for all other users of forest valuations.

Binding on IFA and NZIF members
The IFA and NZIF has resolved that all members shall be bound by these standards, or shall disclose departures, when preparing forest valuations.

Last date updated: 27/02/2025