U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 12B-25 NOTIFICATION OF LATE FILING SEC File Number 000-25909 Form 10-KSB For Period Ending: 12/31/06 --------------------------------------------------------- PART I: REGISTRANT INFORMATION --------------------------------------------------------- Full Name of Registrant: Australian Forest Industries ("AUFI") Address of Principal Executive Office: 4/95 Salmon Street, Port Melbourne, Victoria, Australia 3207 Phone - 011-61-3-8645-4340 --------------------------------------------------------- PART II: RULES 12B-25(B) AND (C) --------------------------------------------------------- It is anticipated that the subject Annual Report on Form 10-KSB will be filed within the next several days. --------------------------------------------------------- PART III: NARRATIVE --------------------------------------------------------- The Registrant has not completed its Annual Report on Form 10-KSB for the period ended December 31, 2006, due to administrative delays. - -------------------------------------------------------------------------------- --------------------------------------------------------- PART IV: OTHER INFORMATION --------------------------------------------------------- (1) Name and telephone number of person(s) to contact in regard to this notification Colin Baird, Chief Financial Officer 011-61-3-8645-4340 (2) Have all other periodic reports required under section 13 or 15(d) of the Securities Exchange Act of 1934 or section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the Registrant was required to file such report(s) been filed? If the answer is no, identify report(s). |X| YES |_| NO (3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? |_| YES |X| NO If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. Australian Forest Industries has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. Dated: April 2, 2007 AUSTRALIAN FOREST INDUSTRIES By: /s/ Colin Baird ---------------- Colin Baird Chief Financial Officer