In the spring of 2003, the Government of British Columbia introduced the Forestry Revitalization Act (including its amendments). Although portions of the new legislation came into effect earlier in the year, many of the significant changes did not come into effect until November 4, 2003. The Forestry Revitalization Act takes back 20% of the harvesting rights under existing tree farm licences, forest licences and timber licences. Each existing tenure holder that is affected by the take-back of its harvesting rights is entitled to compensation from the government in an amount equal to the value of the harvesting rights that are taken. The value of the harvesting rights is to be determined pursuant to regulations that at the time this article was written were still in progress

type Forestry Law Update November 2003