Sustainable Timber Tasmania is overseen by a Board of Management who are responsible to the Treasurer and the Minister for Forests.

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 established in 1994, becoming a corporation under the Government Business Enterprises Act 1995.

[3] Following the release of the 2015/16 annual report and a loss of $67 million,[4] the state government announced plans for the rebranding and restructuring of Forestry Tasmania.

[10][11] PTPZ land is primarily for the purposes of wood production; specifically, activities undertaken include native forest harvesting/reforestation, plantation harvesting, road and quarry construction.