State-owned logging company Forestry Tasmania is the last entity to go under the microscope at government business scrutiny hearings in Hobart this afternoon.
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Chairman Bob Annells and chief executive Steve Whiteley are appearing before a House of Assembly committee.
The company made a loss of $43 million last financial year.
The state government vowed to no longer prop up the struggling company with public funds, but it was revealed yesterday $30 million in equity would be transferred from TasNetworks to assist it.
Treasurer Peter Gutwein said it was a similar system of debt and equity transfer between GBEs that has been used on a number of occasions and involving a number of government businesses such as Aurora, Hydro, Transend and TasRail.
Greens Leader Kim Booth said it was a clear breach of the Liberals’ election promise to end public subsidies to forestry.
Opposition Leader Bryan Green said the government had acted deceitfully.
