Senator Roberts adamant Carbon Trading will cease on the first day of One Nation government

From Senator Malcolm Roberts, October 8, 2026

THE stupidity of the international “carbon credits” scam played out in Tasmania this week knows no bounds after the Treasurer Jim Chalmers approved the sale of Tasmania’s biggest farm to a foreign investor expecting to profit from the scam by planting pine trees.

Treasurer Chalmers and the Foreign Investment Review Board (FIRB) approved the $100 million-plus sale of Rushy Lagoon to the Tasmanian Natural Asset Trust, which is managed by the United Kingdom’s Gresham House.

The Clean Energy Finance Corporation financed the deal with $69 million claiming Rushy Lagoon was the “cornerstone” of a project that would “create local jobs and inject significant capital into the regional economy while generating high integrity Australian Carbon Credits Units and protecting an important Ramsar wetland”.

The 22,000-hectare property in the northeast has been owned by the Pye family of New Zealand and has been a major producer of dairy and beef. But the lush pastures will be planted in common pine trees so Gresham House can earn carbon credits.

Rushy Lagoon was a thriving property with a rich history of agricultural production, including the Ringarooma River irrigation pipeline, supporting 30,000 head of livestock, dairy operations, and grain and potato storage.

The government provided an additional $8.8 million grant to help turn prime food-producing land into a timber plantation, all to generate carbon dioxide credits and woodchips.

This project sacrifices regional communities and food security for city-centric climate ideology. The promised jobs are mostly short-term, while real breadwinner jobs are 25 to 30 years away.

Australia already has 1.6 million hectares of timber plantations. The real crisis in the timber industry is driven by soaring energy bills caused by net-zero policies, red tape and intrusive bureaucracy.

This purchase is part of Labor’s broader ideological war on red meat, dairy and farming, compounded by water policies destroying agricultural productivity.

With 99% of the local community opposing the sale, One Nation will do everything in its power to unwind this deal and ensure Australia’s best farmland is returned to food production.

One Nation will bring this “green” agenda to a halt on day one of our government.

Senator Roberts Senate speech October 8, 2026

I thank Senator Colbeck for his motion, which One Nation strongly supports. Rushy Lagoon is Tasmania’s largest agricultural property, covering 21,745 hectares in the north-east of Tassie. The property sold recently for $142 million, with settlement due last week. The new owner is a special-purpose vehicle called Tasmania Natural Asset Trust, TNAT, with three shareholders. The federal government, through the Clean Energy Finance Corporation, contributed $69 million—almost half. This is taxpayer money, not government money. The remaining $73 million came from UK investment companies Gresham House and Aviva Investors. The latter has BlackRock as its largest shareholder.  

The previous owners were New Zealand’s Pye family, who held the property for 30 years. In that time, the Pye family built the Ringarooma River irrigation pipeline, which, with dams and 11 centre pivots, provided irrigated cropping across 1,100 hectares. What an amazing achievement. This supported a massive dairy operation, with two automated milking parlours and substantial storage vats. The shearing sheds and stockyards supported 30,000 head of livestock. Improvements included grain and potato storage sheds to feed the world. The property has a main homestead and workers cottages. In short, until the Albanese Labor government got its dirty hands on Rushy station, the property was actively involved in growing food to feed Australia and the world with foresight and ingenuity. 

This sale is a perfect example of the Albanese government hollowing out the bush, including by covering prime farmland with industrial solar and wind installations, transmission lines and, in this case, pine plantations. For those who don’t know—I learned this recently—nothing native grows under pine. Over the next five years, the new owners plan to plant roughly 12 million radiata pine seedlings across 9,000 hectares of the farm to generate an estimated 3.2 million carbon dioxide credit units—try eating them!—each production cycle. 

There it is. This ideology driven, delusional, dishonest Labor government is turning Tasmania’s largest agricultural producer into a subsidised farm for carbon dioxide credits. In case the government wants to pretend this was nothing to do with them, the Albanese government provided an $8.8 million grant under the Support Plantation Establishment program before the land sale had been approved by the Foreign Investment Review Board. It was a taxpayer funded grant. Turning productive farmland into a timber plantation was planned and financed through deliberate Albanese government policy.

Taxpayer money is being used to destroy productive farmland. It is a measure in part justified through the timber production, which will eventually be used for housing, so they say, which could happen in 25 to 30 years time when the trees are ready for harvest. That’s not going to help the people sleeping in cars, sleeping under bridges, sleeping in tents and sleeping in caravans right around Australia because of this government’s policies. Given the miserable performance of this Albanese government in providing for the housing industry, we might still need the timber in 30 years time. 

By the way, those jobs Labor is claiming will be created are largely short-term jobs ripping out 100 years of farm improvements and then planting seedlings. That’s it. The real, breadwinner jobs will occur during harvesting, and those jobs will be 25 to 30 years away. The local community will not survive until then, but Labor and the Greens don’t care about that. This agenda is about sacrificing the bush to win votes in the city. It’s about sacrificing the regions, which feed Australia, which are crucial for the income of this country, to satisfy the city. Until the trees are mature, all the Tasmania Natural Asset Trust will produce is woodchips, most likely to be burnt for electricity to earn Albanese government issued large-scale generation certificates. 

Let’s review it so far. The Labor government spent $69.9 million to force the price of Tasmania’s largest agricultural producer so high that local farmers could not afford to buy it. It knocked them out of the market. Then they spent another $8.8 million to encourage the new owners to grow timber, not food. Then they will spend more taxpayer money giving certificates for woodchipping those trees and in turn burning them for power. This is insane. Under this arrangement, the government is giving money to itself and destroying our best farmland and productivity in the process. 

The truth is that Australia does not need this timber. According to ABARES, there are already 271,000 hectares of timber plantation in Tassie alone, part of 1.6 million hectares of timber plantation right around Australia. Nine thousand hectares of timber going into the national estate of 1.6 million hectares is not going to make any difference to timber supply. This is a lie. If the government were serious about increasing our plantation area, it would look to the 800,000 hectares of native plantation forests that have recently been locked up to prevent logging, despite there being seven million hectares of suitable forests. It just gets worse and worse. 

Logging has never taken a large percentage of the national timber estate—just 10 per cent—and logging does not destroy those forests. They remain habitat for native fauna and flora because they’re selective. Of course, this does not include old-growth forests, which One Nation would protect. I note the Greens and the Labor Party are actively clear-felling old-growth forests for industrial wind and solar installations and the related access roads and transmission lines, yet non-destructive logging is the problem, so they say. The real reason Australia’s timber supply is falling is that timber mills can’t pay their power and energy bills. Net zero power costs and intrusive bureaucracy are killing our precious timber industry.

One Nation will lower power prices—we’ve given you the policies—remove the red tape, remove the green tape and remove the blue UN tape and encourage the Australian timber industry and the jobs it creates. We want jobs now, not in 30 years. 

Rushy Lagoon is about hollowing out the bush and hollowing out the regions. It’s about this Albanese government’s ideological war on red meat and dairy in the name of saving the planet from nature’s harmless trace atmospheric gas, carbon dioxide. Importantly, the war on cows is based on supposed science that is fundamentally wrong. The methane cycle has no impact on the environment. It’s a closed loop. A more important question is this: what are people going to eat if this Labor government continually destroys Australia’s agricultural capability?

Only last week, SunRice laid off 78 workers in the Deniliquin and Leeton food processing plants because this government is knowingly, deliberately, deceitfully taking irrigation water off farmers and sending it out to sea. Listen to this: last year, over 4,000 gigalitres of water were sent out to sea against a basin plan target of 2,000 gigalitres—double the target wasted into the ocean. Why? It was so irrigators could not use the water to grow food and fibre to feed and clothe the world. Go for it, Labor! You’re destroying farming in Queensland, New South Wales, Victoria and South Australia. 

Labor is just one part of the uniparty. The other part of the uniparty, the Liberal-Nationals coalition, introduced the Murray-Darling Basin Plan in their 2007 Water Act, which has a list of aims for the act, one of which is to enforce international agreements. What the hell is that doing in our water act? Farming industry body TasFarmers strongly condemned the buyout of Rushy Lagoon, calling it a ‘disgraceful outcome’ that locks up prime dairy and beef country into a ‘monoculture pine plantation’. They nailed it on both. It is just so they can ‘tick a carbon abatement box’.

A TasFarmers survey revealed that 99 per cent of local community respondents oppose the sale—99 per cent. For this reason, the new owners are now talking about undertaking ecotourism and community projects to moderate the fallout, and the state Liberal government is now holding an inquiry into its own stupid decision to allow the purchase. I mean, this is farcical. One Nation will do everything in its power to unwind this deal and ensure Australia’s best farmland is devoted to food production—to food. 

Australia’s farmers have had enough of the Liberal-Labor-Greens war on the bush in the name of saving the environment, killing the environment in the name of saving the planet. One Nation will bring this agenda to a halt on day one of our government.