Tasmanian regional forest agreement delivers $1.3bn losses in ‘giant fraud’ on taxpayers | John Lawrence

Forestry Tasmania's total cash losses were $454m over 20 years, with a write-down of $751m in value of forest estate

The first Tasmanian regional forest agreement, signed between the state and the commonwealth in 1997, was supposed to start an era in which forestry was both ecologically and economically sustainable.

In fact the last 20 years have been a financial disaster for forest management in Tasmania.