Australia Passes Bill To Cut Down Illegal Timber Trade

Law360, New York (November 19, 2012, 1:49 PM EST) -- Australia's parliament on Monday voted to prohibit and impose penalties on imports of illegally logged timber, joining the United States and European Union in a crackdown on a practice that Interpol estimates to be worth $30 billion or more per year.

The Australian Senate passed the Illegal Logging Prohibition Bill 2012, which bans the import and sale of products made with illegally harvested timber, and puts in place stricter reporting requirements on Australian timber importers. The bill — which passed the Australian House of Representatives in...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.