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This Act establishes the Forest Plantation Development Fund and the Forest Plantation Development Fund Management Board, provides for management and other matters regarding the Fund, defines functions of the Board and provides for the appointment of Forest Plantation Inspectors.
The objects of the fund are to provide financial assistance for:
The Fund is managed by the Forest Plantation Development Fund Management Board, which has to adopt a forest plantation development scheme and promote investment in forest plantation development through incentives and other benefits.
The Forest Plantation Development Fund Act 2000 (Act 583) has been amended by the Forest Plantation Development Fund (Amendment) Act 2002 (Act 583), which widened its field of application by including non-commercial and non-private plantations into it.