State-owned logging company Forestry Tasmania is the last entity to go under the microscope at government business scrutiny hearings in Hobart this afternoon.
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.