Forests hold many values. They supply the resource base for one of Australia's largest manufacturing industries and are important for biodiversity conservation, water quality and carbon storage. They also provide a magnificent setting for a host of recreational activities. Our forests provide housing, furniture, paper and food, as well as employment for tens of thousands of Australians. In this edition of Australia?s Forests at a Glance you will find updated information on a range of these forest uses and values. The recently announced Tasmanian Community Forest Agreement builds on the existing Regional Forest Agreement, not only protects valuable conservation areas, but also provides support for industry restructuring to adapt to their changing commercial environment. It ensures resource supply, provides job security and protects communities, guaranteeing the long-term competitiveness of the wood and timber industries. Australia's forest policy aims to ensure forests are managed to maintain and enhance their environmental, social and economic values for current and future generations. This booklet contributes to the goal of sustainable forest management in Australia.