Sadly for TIM, this law will get probably overturned as it impact agriculture (pushes farmers off the land)
ABC NEWS 25 June
Investors warned against carbon sink forests scheme
The senators opposed to the new scheme of tax breaks for forests have warned investors not to put any money in, even though the law has been passed.
The scheme gives a tax deduction for new forests which are intended to be carbon sinks.
But the Greens say it is flawed and they are working with the Nationals and Liberal Senator Bill Heffernan to have it overturned.
They say people should not invest yet because the scheme might not last.
Nationals Senator Ron Boswell says he is happy to work with the Greens to try to convince other Liberals and Labor to over turn the scheme.
He says his concern is that it will mean productive farming land is taken over for trees.
Senator Boswell says he does not usually agree with the Greens.
"As far as the Greens are concerned, we don't very often agree, in fact I think I've only ever voted with them once or twice in years and years in the Senate," he said.
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