A review into the Tasmanian Freight Equalisation Scheme (TFES) is now underway to consider how the Bass Strait Passenger Vehicle Equalisation Scheme could reduce the cost of moving passenger vehicles across the Bass Strait.
TFES financially supports Tasmanian freight, including the state’s produce, and passengers to cross the Bass Strait.
The review will also determine if the scheme could better support local businesses, including farmers and producers, to compete in domestic and other markets.
The review will be carried out by newly appointed independent reviewers Dr David Parmeter and Dr Jenny Gordon.
It will also explore other issues raised by the 2024 Senate Select Committee inquiry into TFES.
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Parmeter is the former Chair of the Maritime Industry Australia Limited and the current Chair of the Australian Mariners’ Welfare Society. Gordon served previously as the Chief Economist at DFAT and currently serves on the Asian Development Bank Institute’s Advisory Council.
Catherine King, Minister for Infrastructure, Transport, Regional Development and Local Government, said she looks forward to seeing the outcomes of the review.
“We know how important these financial support schemes are, as Tasmanians don’t have the interstate road or rail options that their mainland counterparts do,” said King.
“A strong shipping industry means new jobs, supply chain security and economic diversity, which is why we are investing an additional $95 million in the TFES over the next two years.”
A final review report and recommendations to the government are expected in the first half of 2026.
For more information, visit: minister.infrastructure.gov.au
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