Forestry Tasmania to be split up

It’s official. Whispers started early on in the week. The State Government has officially announced plans to carve up Forestry Tasmania, after a report found it is one of the State's biggest budget risks reports ABC. As expected, Resources Minister Bryan Green has officially announced the state-owned company will be split in two with its non-commercial functions will be transferred to Government departments.

Mr Green said the company's projected annual cash deficits meant the status quo was no longer an option. He tabled an independent review which has found the company will face substantial cash deficits for at least the next five years of $20 million to $35 million a year. He said the carve-up was the beginning of a major reform that was important to Tasmania. The Opposition claimed the planned shakeup could derail the state's long-running forest peace talks. More >>

Return to Newsletter

Share |