Forest Enterprises Australia

FEA is an ASX-listed forestry and forest products company formed in 1985 that operates across the timber processing and agribusiness industries. Deloitte partners Tim Norman and Sal Algeri have been appointed as Receivers and Managers of Forest Enterprises Australia Limited (FEA) (ASX Code: (FEA)) and wholly owned subsidiary FEA Carbon Pty Ltd (FEAC) on 14 April 2010. Mr Norman and Mr Algeri have also been appointed as 'agents for the mortgagee in possession' of Tasmanian Plantations Pty Ltd (TP), another wholly owned property holding subsidiary of FEA all on 14 April 2010. FEA Plantations Limited (FEAP) entered voluntary administration on 14 April 2010 and is controlled by BRI Ferrier. FEAP is a 100% owned subsidiary of FEA and is the responsible entity for the 17 forestry Managed Investment Schemes (MIS).