TFA and IGA Funding Schedule - State and Commonwealth Governments
Already Available on
provided/ passage of
Item Commitment Purpose/Comments Total $M C'wealth $M State $M allocated $M legislation $M
Employment and Training Support At least $14M and up to $25M To provide immediate employment and training support for redundant forest workers through Job Services 25.0 25.0 25.0
ForestWorks Ltd State will provide funding of $15M Provide transition support payments to workers dierctly impacted by the industry restructuring, including 15.0 15.0 15.0
employees of contractors who are made redundant as a result of Gunns Ltd exit from native forest processing.
Rural Alive and Well $2M Mental health counselling and community wellbeing services for forest workers and contractors, families and 2.0 1.5 0.5 1.0 1.0
associated businesses adversely affected by the current forestry industry changes.
Voluntary Exits for Native Forest Haulage, $45M For Commonwealth managed Voluntary Exits for Native Forest Haulage, Harvest and Silviculture Contractors. 45.0 45.0 45.0
Harvest and Silviculture Contractors
Implementation $28M Commonwealth to provide to the State to implement IGA. 28.0 28.0 28.0
High Quality Sawlog buyback Up to $15M Voluntary buyback of contracted volumes of High Quallity Sawlogs to assist in transitioning the industry to a new 15.0 15.0 15.0
legislated minimum aggregate supply quantity.
Reserve Management $7M pa indexed, plus additional Management of additional reserves (funding is ongoing but only first four years is calculated). 34.0 34.0 7.0 27.0
$2M pa from 2014
Economic Diversification Funds $120M To fund regional development projects . $24M worth of projects have already been funded. $2M will be used 115.0 115.0 24.0 91.0
towards the specialty timber study and $3M towards regional sawmillers structural adjustment, with the
remaining $91M available to support additional projects.
Regional Sawmillers Structural UP to $10M To assist structural adjustment by regional sawmillers to changing market conditions ($7M of new funding and 10.0 10.0 10.0
Adjustment $3M from existing economic diversification funding under the IGA).
Employees and Contractors $20M To assist employees and contractors that might be affected by sawmill exits plus those who may have previously 20.0 20.0 20.0
slipped through the net. This is in addition to ongoing support for workers under the IGA through Job Services
Manufacturing Innovation and Planation $22.6M To assist industry to transition to greater use of plantation timber in the longer term and to encourage 22.6 16.0 6.6 22.6
Management investment in improved plantation management for sawlog production.
Special Species Timber Study $2M To undertake a Special Species Timber Study (funded from Economic Diversification Funds). 2.0 2.0 2.0
Residues Up to $9M For immediate solutions agreed by both governments and examination of future commercial applications and to 9.0 9.0 1.0 8.0
assist investigation and facilitation of environmentally and economically sustainable medium to longer term
Signatory Council + communications + $7M To suport these essential durability elements: Forest Stewardship Council (FSC); certification of Tasmanian public 7.0 3.5 3.5 7.0
FSC certification + contractor forests; the Special Council and its role in durability monitoring and reporting; a communications program to
accreditation promote the Agreement and Tasmanian forest products; and a contractor accreditation program.
Rescheduled harvesting $4.8M pa ongoing To enable harvesting of areas essential for wood supply for industry (funding provided for 3 years). 14.4 14.4 14.4
Transitional funding Up to $15M For roading, forest practices plans etc related to rescheduling; plus funding for movement of residues from south 15.0 15.0 15.0
to north in short term to FT.
Community Service Obligations Agreed to be met from Existing provisions made in State Budget to FT that relate to identified non-commercial activities that
Government revenues Government funds FT to undertake.
TOTALS 379.0 324.0 55.0 163.0 216.0