who owns the land, page-18

I think you'll find that should Timbercorp (under administration) fail to make their rental payments in June the lease agreements between TODHA, TPIF, TPF etc permits the trusts to then deal directly with growers, how this would occur is beyond my understand at this stage.

Should growers default on their investments, that then revert back to Timbercorp, how this affects the trusts is a concern as they may not be able to pay their ongoing expenses.. You would expect if that occurs then the asset would revert to the land owners?

I wouldnt be surprised if the first assets sold are actually the investments in the various projects Timbercorp have taken over from defaulting growers. Their was an auction similar to this in 2005...

Its going to be messy but when is it every not!