sentences:  The advent of the woodchip export industry in the 1970s gave rise to broad scale pulpwood harvesting.With a strengthened commercial focus, Forestry Tasmania was created in 1994, becoming a corporation under the "Government Business Enterprises Act 1995".Following the release of the 2015/16 annual report and a loss of $67.4 million, the state government announced plans for the rebranding and restructuring of Forestry Tasmania.