survival of a state, page-11

Lara Giddings, MP

Premier

Friday, 9 September 2011

Forestry Update

A revised offer of commercial settlement has been forwarded to Gunns Limited this evening, following discussions with the Commonwealth.

Over the past week the State and Commonwealth Governments have been working together to achieve the objective of retiring Gunns? residual rights over Tasmanian native forests and resolving disputed debts between Gunns and Forestry Tasmania in order to progress the forestry Intergovernmental Agreement.
As with the previous offer, details will remain confidential until a formal response had been received from the company. The offer includes a proposed resolution of disputed debts between FT and Gunns.
It is the State Government?s intention to release details of both the original and follow-up offer, along with the reports from independent probity auditor Wise Lord and Ferguson, once the process has concluded.