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.

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