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Foreign forestry deal promises to support 'billion trees' plan

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Commercial forest harvests are expected to peak over the next 10 years.

A big forest sale to an overseas investment fund was "likely" to advance the Government's strategy to plant one billion trees over 10 years, according to the Overseas Investment Office.

Australian company New Forests set up the fund, and associate director MaryKate​ Bullen expected a further multi-million dollar investment wave from another new fund. . . . .