Watford..this summary (from Australian, I think) was in my...

Watford..this summary (from Australian, I think) was in my reading today. Do you think this will be a big postive for TIM?

A new law on tree-planting has been passed in the Australian Parliament. It will enable money spent on planting trees as a carbon sink to be a tax deduction. The tax changes, which were included in the May 2007 Australian Budget, were finally passed in the Australian Senate in June 2008. Backdated from 1 July 2007, investors in qualifying forestry carbon sinks can use the horticulture tax arrangements. These will be immediately deductible for the first five years as an incentive to invest in carbon credits. Companies in the sector, such as the CO2 Group, welcomed the change