Glen Mackie, technical manager of the Forest Owners Association, said the association had been concerned that small businesses may have been given a loophole in the legislation.
"However, the bill as it has been reported back does appear to have addressed the major issues we were concerned about," he said.
Mr Mackie added that statistics indicated an improving trend for forestry fatalities, though he cautioned that as the numbers tended to be small they could vary quickly. But he said the serious harm rate was also tracking down significantly.
"That reflects the fact we have put an awful lot of work into different initiatives while we've been setting up FISC," he said. "The other thing is that health and safety has been a very topical issue in the industry."
Mr Stulen said the contracting industry was already well ahead of what was being asked by the legislation.
"The bar is already set high for large contractors working for large forest owners and we'll be making sure in our industry that we raise the bar for all contractors," he said. "We'll be enforcing to a much higher standard in the future."
FISC would use incident reporting systems to look at the major causes of forestry accidents.