ABC News , Thu 30 Oct 2014
The minister blames the peace deal for Forestry Tasmania's financial woes.
The Tasmanian Government is blaming the forest peace deal brokered under its predecessor for another big loss posted by Forestry Tasmania.
The Government-owned forest estate manager lost $43.1 million after tax in the financial year that ended in June.
That was despite the previous Labor-Greens government handing the company $37 million during the year in a bid to keep it solvent.
Resources Minister Paul Harris told Parliament the peace deal that led to the creation of new native forest reserves was to blame for the result.
"Forestry Tasmania has had another very challenging year," he said.
"It has advised me that the reduction in land area under the Tasmanian Forest Agreement (TFA) was a significant contributor to its difficulties."
Greens MP Nick McKim claimed the loss was the result of poor markets
The minister blames the peace deal for Forestry Tasmania's financial woes.
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| PHOTO: The minister blames the peace deal for Forestry Tasmania's financial woes. (ABC, Jessica Kidd) |
The Government-owned forest estate manager lost $43.1 million after tax in the financial year that ended in June.
That was despite the previous Labor-Greens government handing the company $37 million during the year in a bid to keep it solvent.
Resources Minister Paul Harris told Parliament the peace deal that led to the creation of new native forest reserves was to blame for the result.
"Forestry Tasmania has had another very challenging year," he said.
"It has advised me that the reduction in land area under the Tasmanian Forest Agreement (TFA) was a significant contributor to its difficulties."
Greens MP Nick McKim claimed the loss was the result of poor markets
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