Prime Minister Julia Gillard today signed a $ 276 million deal is one of Tasmania, but only after clear Greens rule changes sought by the industry to stop supporting the new forest reserves have been legislated.
Ms Gillard and Tasmanian Premier Lara Giddings announced the final work on the divisive issue, and the stick and get pledges of support from green groups.
Forestry contractors for a $ 85 million exit package and $ 120 million in the next 15 years, federal money to towns affected by the downturn in the industry offers deal to diversify the economy.
Wood industry restructuring plan, to provide pay-outs to get out some, and protect native forests.
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