FT Annual Report reveals cost of job-destroying Forest Deal

Today’s Forestry Tasmania annual report has revealed the cost of the job-destroying forest deal to its operations.

Despite being propped up with tens of millions of taxpayer money – all supported by the Greens – Forestry Tasmania still reported a $13 million loss.

Nearly $43 million has been written off the value of their standing timber due to being placed in reserves, and nearly $28 million in roads was written off as well.

The report also confirms further job losses are slated at the company this year because of the job-destroying forest deal.

It’s no wonder Forestry Tasmania struggles to turn a profit when the Government keeps on taking away their resources and talking down the market.

In contrast, a majority Liberal Government will grow the forest industry and provide resource security, which will allow Forest Tasmania to operate with certainty and profitability.

Latest news

Protecting the critically endangered Orange-bellied parrot

3 July 2019 Tasmania’s Orange-bellied parrot captive breeding program plays a vitally important role in protecting and growing…

Unacceptable union bans shut Ulverstone Secondary College

2 July 2019 Due to unsafe and dangerous union work bans by school cleaners, the Principal and Department of Education have bee…

Making electricity concessions simpler and keeping costs low

28 June 2019 The Hodgman Liberal Government will ensure eligible Tasmanians do not miss out on electricity concessions because…