For several decades, Tasmania’s economic performance has been significantly below the rest of Australia. In 2012-13, Tasmania’s gross state product (GSP) was the second lowest of all states and territories behind the Northern Territory, its per capita GSP and average weekly total earnings were the lowest in the country and the unemployment rate was the

Australia’s native forest sector has experienced a significant contraction over the past five years. This is reflected in log production from native forests: roundwood removals over the period 2009-2011 were 30 per cent below the average from the previous 18 years. Similarly, woodchip exports, a mainstay of the hardwood sector, fell by 33 per cent

On 22 November 2012, the timber industry and environmental non-government organisations released the Tasmanian Forest Agreement 2012 (TFA). The agreement includes a number of components, the most significant of which are the support for the creation of an additional 504,012 ha of forest reserves, a reduction in the high quality sawlog guarantee from 300,000 m3