Showing posts with label undisclosed shareholdings. Show all posts
Showing posts with label undisclosed shareholdings. Show all posts

Sunday, 18 February 2024

Does NSW Premier Chris Minns, his Environment Minister Penny Sharpe or Agricultural Minister Tara Moriarty ever wonder just whose interests the forestry brands that lobby them conceal from view?


“Put the foresters back in charge of the forests.” 

Malcolm David McComb, Pentarch Group, quoted in The Monthly, November 2020


According to the 'privately-owned' Melbourne-based PENTARCH GROUP it commenced business in 1984, combining the expertise of five individuals with diverse commercial backgrounds. In the early 1990s, the group’s primary focus was on three key businesses - representing major international manufacturers of military hardware, exporting containerised hay to Japan, and exporting softwood logs to South Korea - through its Industrial, Forestry and Agricultural divisions.


By 2019 the Group was managing over 8,000ha of land - with est. 30 per cent of the defined forest area being native forest. 


That year NSW Deputy Premier and Minister responsible for Forestry John Barilaro announced Pentarch Logistics Pty Ltd was receiving a $3 million grant to drive innovation and technology advancements in the NSW forestry industry.


In August 2021 the Group purchased the assets of Dormit Pty Ltd which operated two sawmills and associated operations located at Dandenong South and Swifts Creek in Victoria. That same year Boral divested its timber business to the Group in October 2021. Allen Taylor & Company, Duncan’s Holdings and their subsidiaries (collectively known as Boral Timber) now trade under the brand Pentarch ForestryThis acquisition saw Pentarch add eight sawmills, including part ownership of the Highland Pine mill at Oberon, to allegedly become the largest hardwood processor in NSW.


Pentarch Forestry exports in excess of 800,000tn per annum of plantation softwood and hardwood from Australian and New Zealand ports. This division is actively involved in forestry harvesting and haulage; port logistics including marshalling, storage and stevedoring; and international marketing and shipping.


These days its forestry division boasts that its key woodchip and logs export destinations are; China, India, Japan, Korea and the Middle East. While its sawn timbers are listed as being sourced from; Malaysia, New Zealand and Australia. 


By 2022 the Pentarch Group operated 20 sites nationally with a high concentration of timber mills in NSW.


The Pentarch Group clearly states:

Timber sustainably sourced from our native forests is our most valuable and precious resource and Pentarch Forestry™ takes pride in finding ways to better use every part of that resource.


In particular Pentarch Forestry harvests Tasmanian hardwood logs from the north-west of that state and timber from native forests (including privately-owned native forest) on land around Nungatta, Mila & Delegate in NSW, as well as from Combienbar, Murrangower & Bendoc in Victoria and, apparently sees itself as helping to protect and manage a large permanent native forest estate.


[Mapping at https://pentarchforestry.com.au/sustainability-environment/sustainable-forest-management/]


The Group's milled native timber is ending up as everything from solid timber floor boards through to mass produced wooden pallets for industry and woodchips as a secondary product.


Its offices can be found at 18 different locations across five states. [See list & details at end of this post]


In its April 2022 submission to the NSW Legislative Council's INQUIRY INTO LONG TERM SUSTAINABILITY AND FUTURE OF THE TIMBER AND FOREST PRODUCTS INDUSTRY, Pentarch advocated for the permanent retention of multiuse State Forest. Also expressing a sense of frustration that the forestry industry had not been allowed carte blanche to clear the 2019-20 native forest fire grounds of all suitable timber. Apparently a firm believer in a forest restoration harvesting process. Leaving this reader with the suspicion that the Pentarch Group belongs to the 'lets keep the forest floor tidy' brigade.


2022 was also the year that Pentarch Forestry Pty Ltd had  its Forest Stewardship Council (FSC) sustainability certification (first obtained in 2017) suspended when a renewal audit found that Pentarch’s due diligence system was out of date, regrowth native forest and plantation wood were at risk of being mixed together, and threatened species assessments were not being done.


Prime Minister Scott Morrison & Chairman Pentarch Group Malcolm McComb. IMAGE: Merimbula News Weekly, 23 June 2020





Despite the apparent ease of access to political decision makers large forestry corporations appear to enjoy at federal & state government level, this apparently doesn't satisfy all in the industry that their voices are the loudest. 


The Pentarch Group chairman also reportedly co-founded Forest and Wood Communities Australia which has a dedicated website, a Facebook page and an X/Twitter account with the less than subtle principal aim of pushing back against so-called "environmental extremists", "ideological idiocy", criticising the Victorian Government and pressuring the NSW Minns Labor Government. The social media accounts in particular have a tendency to mislead.


The faces fronting the Pentarch Group are on display at:

http://www.pentarch.com.au/pentarch_team.html.


However, the principal corporations in this group are very careful to conceal shareholder identities - all shares in the following three registered companies are beneficially held by the companies on behalf of unnamed individuals/corporations.


Although it is not hard to imagine that the Sedger, McComb, Yuncken, Cuthbertson and Dadd families might properly feature heavily on the shareholder list - along with a discreet number of self-managed super funds, investment entities and trusts. It is also not hard to imagine that the 'hidden' nature of such shareholder lists might potentially contain conflicts of interest for state and local governments dealing with the forestry industry.


It is noted that the Minister for Climate Change, Minister for Energy, Minister for Environment and Minister for Heritage, Minister for Agriculture, Minister for Regional NSW and Minister for Western NSW and the NSW Treasurer were meeting in 2023 with members of the forestry industry concerning what was loosely described as "forestry industry reform" and "forestry matters".


~~~~~~~~~~



PENTARCH GROUP PTY LTD

ACN: 064 165 635

ABN: 21064165635

Registered in: Victoria

Registration date: 31/03/1994

Registered address & principal place of business:

'Kings Garden Estate' Level 1, 99 Coventry Street,

SOUTHBANK VIC 3006


Directors:

MALCOLM DAVID MCCOMB (Victoria)

IAN KENNETH SEDGER (Victoria)

SIMON JOHN YUNCKEN (Victoria)

FRASER JEFFREY CUTHBERTSON (Victoria)

STEPHEN GORDON DADD (NSW)

Company Secretary:

SIMON JOHN YUNCKEN


Shares issued:

Ordinary Shares - 1,438 Fully Paid

  • 838 Beneficially held by: TIMBER AUDITS & TECHNOLOGY PTY LTD

  • 600 Beneficially held by: PENTARCH GROUP PTY LTD


Current roles in the following organisations:


PENTARCH PERMACULTURE & CARBON PTY LTD

ACN: 661 995 035

ABN: 98661995035

Address: Unknown


OCEAN2EARTH PTY LTD

ACN: 663 110 629

ABN: 71663110629

Address: Unknown


Current shares and interests in:


*675,000 CLASS I SHARES & 1,125,000 CLASS

N_SHARES Fully Paid

Beneficially held by: SOUTH EAST FIBRE EXPORTS PTY LTD

ACN: 000 604 795

ABN: 85000604795

Address: Unit 1, 250 Charman Road, CHELTENHAM VIC 3192


*600 Ordinary Shares Fully Paid

Beneficially held by: PENTARCH HOLDINGS PTY. LTD

ACN: 064 165 635

ABN: 21064165635

Address: Level 1, 99 Coventry Street, SOUTHBANK VIC 3006


*96,000 Ordinary Shares Fully Paid

Beneficially held by: ALLIED NATURAL WOOD ENTERPRISES PTY LTD

ACN: 607 144 089

ABN: 65607144089

Address: Jews Head Edrom Road, EDEN NSW 2551


*96,000 Ordinary Shares Fully Paid

Beneficially held by: SAPPHIRE FORESTS PTY LTD

ACN: 607 256 780

ABN: 85607256780

Address: Jews Head Edrom Road, EDEN NSW 2551


*10,000 Ordinary Shares Fully Paid

Beneficially held by: ALLIED NATURAL WOOD EXPORTS (TAS) PTY LTD

ACN: 619 876 345

ABN: 23619876345

Address: Jews Head, EDROM NSW 2551


*1,000 Ordinary Shares Fully Paid

Beneficially held by: FORESTS IN PERPETUITY PTY LTD

ACN: 639 068 732

ABN: 84639068732

Address: Level 1, 99 Coventry Street, SOUTHBANK VIC 3006


*73,740 Ordinary Shares Fully Paid

Beneficially held by: TIMBER AUDITS & TECHNOLOGY PTY LTD

ACN: 094 390 271

ABN: 88094390271

Address: 'Kings Garden Estate' Level 1, 99 Coventry Street, SOUTHBANK VIC 3006


*10,000 Ordinary Shares Fully Paid

Beneficially held by: PENTARCH PERMACULTURE & CARBON PTY LTD

ACN: 661 995 035

ABN: 98661995035

Address: Level 1, 99 Coventry Street, SOUTHBANK VIC 3006


~~~~~~~~~~


PENTARCH HOLDINGS PTY. LTD

ACN: 064 165 635

ABN: 21064165635

Registered in: Victoria

Registration date: 31/03/1994

Registered address & principal place of business:

'Kings Garden Estate' Level 1, 99 Coventry Street,

SOUTHBANK VIC 3006


Directors:

MALCOLM DAVID MCCOMB (Victoria)

IAN KENNETH SEDGER (Victoria)

SIMON JOHN YUNCKEN (Victoria)

FRASER JEFFREY CUTHBERTSON (Victoria)

STEPHEN GORDON DADD (NSW)

Company Secretary:

SIMON JOHN YUNCKEN


Shares issued:

Ordinary Shares - 1,438 Fully Paid

  • 838 Beneficially Held by: TIMBER AUDITS & TECHNOLOGY PTY LTD

  • 600 Beneficially Held by: PENTARCH GROUP PTY LTD


Ultimate holding company for:


PENTARCH FOREST PRODUCTS PTY LTD

ACN: 059 465 879

ABN: 57059465879

Address: Level 2, 121-123 High Street, PRAHRAN VIC 3181


ARI LEASING PTY. LTD

ACN: 072 963 798

ABN: 77072963798

Address: Unknown


PENTARCH LOGISTICS PTY LTD

ACN: 075 432 254

ABN: 99075432254

Address: Level 2, 121-123 High Street, PRAHRAN VIC 3181


PENTARCH AGRICULTURAL PTY LTD

ACN: 101 274 613

ABN: 45101274613

Address: "KINGS GARDEN ESTATE", Level 1, 99 Coventry

Street, SOUTH MELBOURNE VIC 3205


SAPPHIRE HAULAGE PTY LTD

ACN: 132 292 436

ABN: 55132292436

Address: Unknown


NARROGIN HAY PTY LTD

ACN: 104 157 593

ABN: 73104157593

Address: 'Kings Garden Estate' Level 1, 99 Coventry Street, SOUTHBANK VIC 3006


PENTARCH STEVEDORING PTY LTD

ACN: 108 439 185

ABN: 53108439185

Address: 'Kings Garden Estate' Level 1, 99 Coventry Street, SOUTHBANK VIC 3006


MALLEE HAY PTY LTD

ACN: 123 956 089

ABN: 78123956089

Address: 'Kings Garden Estate' Level 1, 99 Coventry Street, SOUTHBANK VIC 3006


PENTARCH FARMS PTY LTD

ACN: 123 956 105

ABN: 97123956105

Address: 'Kings Garden Estate' Level 1, 99 Coventry Street, SOUTHBANK VIC 3006


~~~~~~~~~~


TIMBER AUDITS & TECHNOLOGY PTY LTD

ACN: 094 390 271

ABN: 88094390271

Registered in: Victoria

Registration date: 06/09/2000

Registered address & principal place of business:

Registered address: 'Kings Garden Estate' Level 1, 99 Coventry Street, SOUTHBANK VIC 3006


Directors:

MALCOLM DAVID MCCOMB (Victoria)

IAN KENNETH SEDGER (Victoria)

SIMON JOHN YUNCKEN (Victoria)

Company Secretary:

SIMON JOHN YUNCKEN


Shares issued:

Ordinary Shares - 73,740 Fully Paid

Beneficially held by: PENTARCH GROUP PTY LTD


~~~~~~~~~~



Pentarch Group offices current as of 17.02.24:


TASMANIA


Massy Greene Drive

South Burnie, Tas, 7320

PO Box 3033

Ph: 03 6430 7333


VICTORIA


Level 1, 99 Coventry Street

Southbank, Vic, 3006

Ph: 03 9621 7900


Great Alpine Road,

Swifts Creek, Vic, 3896

Ph: 03 5159 4438


98 Indian Drive

Keysborough, Vic, 3173

Ph: 1800 818 317


96-106 Ordish Road,

Dandenong, Vic, 3175

Ph: 03 9706 5744


QUEENSLAND


838 Nudgee Road

Northgate, Qld, 4013

Ph: 1800 818 317


Suite 12 Level 1,

84 Wises Road

Maroochydore, Qld, 4558

PO Box 5561

Ph: 1800 818 317


SOUTH AUSTRALIA


176-178 Magill Road

Norwood, SA, 5067

Ph: 1800 818 317


NEW SOUTH WALES


Eden Log Export Facility

Lot 2, Edrom Road

Eden, NSW, 2551

Ph: 02 6496 0252

Eden, NSW


Eden Chip Export Terminal

Edrom Road, Jews Head

Eden, NSW, 2551

Ph: 02 6496 0222


420 Herons Creek Road

Herons Creek, NSW, 2443

Ph: 02 6585 7188


43 Mill Road

Koolkhan, NSW, 2460

PO Box 437

Ph: 02 6644 7280


13056 Summerland Way

Kyogle, NSW, 2474

PO Box 187

Ph: 02 6632 1866


148 Tweed Valley Way

Murwillumbah, NSW, 2484

PO Box 56

Ph: 02 6670 8700


6016/6018 Princess Highway

Narooma, NSW, 2546

PO Box 75

Ph: 02 4476 7908


Unit D1, Regents Park Estate

391 Park Road

Regents Park, NSW, 2143

Ph: 1800 818 317


50 BTU Road

South Nowra, NSW, 2541

PO Box 5014

Ph: 02 4447 8262



PRINCIPAL SOURCES: