The owners of the Triabunna woodchip mill will not move on its future until Tasmania's forest peace deal is finalised.
A Legislative Council inquiry is scrutinising the Tasmanian Forests Agreement Bill.
The Triabunna mill which was bought by entrepreneurs Jan Cameron and Graeme Wood in July 2011 remains closed.
Mr Wood has told Radio National there is no rush to do anything with the moth-balled plant.
He said the forest industry remained in turmoil.
"We will wait to see how the Inter-governmental agreement played out and we were happy to play a role a positive role in sorting that mess out," Mr Wood said.
"Now the mess has been extended because the Upper House down there have decided to play games with the process so we're sitting on the fence and waiting to see what will happen." Mr Wood says the east coast mill will not re-open if it needs taxpayer support.
"The industry is in deep trouble down there.
You can't produce woodchips at a huge loss and ship them overseas and make any sense out of that and there's no way we would re-open it if it had to rely on government support."