Tasmanian parliament to scrutinise UK firm's purchase of Rushy Lagoon farm
A parliamentary committee backed by the Tasmanian government and four independents will investigate the sale of the state's largest farm to UK investor Gresham House, which intends to convert part of it into a pine plantation.
The proposed committee will review the transaction involving the nearly 22,000-hectare Rushy Lagoon property, of which Gresham House plans to plant pine on about 9,000 hectares. Support for the inquiry comes from four independent legislators alongside the Tasmanian government. Primary Industries Minister Gavin Pearce has raised concerns that federal policies may unintentionally favor carbon-credit schemes over continued fibre and food production. The review aims to determine whether the sale aligns with broader agricultural and environmental objectives.
Why it matters
The probe could shape how Tasmanian land is used, balancing agriculture with carbon-credit projects.
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