TFES enhancement will boost Tasmanian economy

13 March, 2015

Today's announcement of an enhancement to the Tasmanian Freight Equalisation Scheme (TFES) is yet another positive step for the Tasmanian economy provided by successive Coalition governments.

Senator Richard Colbeck, Parliamentary Secretary to the Minister for Agriculture, said each time there had been an increase in capacity or an improvement in cost on Bass Strait, there had also been a boost in the Tasmanian economy.

"Going back to 1976 when the TFES was first introduced by a Coalition Government, the introduction of Bass Strait Passenger Vehicle Equalisation Scheme (BSPVES) in 1996 and its major enhancement in following the 2001 election - these events have all contributed to a boost in the Tasmanian economy," Senator Colbeck said.

"We can all remember the surge in the economy following the arrival of the twin Spirit of Tasmania vessels in 2002, which were purchased by the then state Government on the recommendation of TT-Line following major enhancements to the BSPVES."

"Our announcement today of the latest enhancement to the TFES scheme now opens Tasmania to the world."

"We promised at the last federal election that we would enhance the scheme and we have delivered."

Senator Colbeck said the Coalition had signed three free trade agreements since coming to government, with more under negotiation, and today's announcement would make Tasmanian industry even better placed to take advantage of these new opportunities.

He also highlighted the proposed reform of coastal shipping which would aim to make services even more cost effective.

"These advancements mean Tasmania is better placed than ever before to play its part in high value global markets, and Labor and the cross benchers should absolutely get behind these measures."

130315 TFES enhancement will boost Tasmanian economy
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