Construction blitz 15,000 jobs $3.1 billion in construction value - OUR PLAN TO REBUILD A STRONGER TASMANIA - Premier of Tasmania

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Construction blitz 15,000 jobs .1 billion in construction value - OUR PLAN TO REBUILD A STRONGER TASMANIA - Premier of Tasmania
OUR PLAN TO REBUILD
A STRONGER TASMANIA

Construction blitz
    15,000 jobs
    $3.1 billion in
    construction value

Rec ver.    Re build.
Construction blitz 15,000 jobs .1 billion in construction value - OUR PLAN TO REBUILD A STRONGER TASMANIA - Premier of Tasmania
A MESSAGE FROM

    Peter Gutwein
    Premier of Tasmania

COVID-19 has been the biggest health, economic and societal shock to hit our state in
a century. It has challenged all of us in in ways previously unimagined, and forced action,
which has curbed our freedoms and driven thousands of Tasmanians into unemployment.
Tragically, it also cost Tasmanian lives.

The good news is, thanks to the hard work and             It brings forward government expenditure, it will stimulate
sacrifices made by Tasmanians, we now have the virus      investment in the private sector, it will strengthen and
under a measure of control, making our Island state       underpin the economy and it will create thousands of jobs.
the envy of the world.
                                                          I have said that the hallmarks of this Government will be one
Now, we face the second and arguably tougher phase        of compassion, conviction and opportunity, and never before
of this fight – to reboot our economy, while avoiding a   has that been more important as we rally together to build
deadly second wave of the virus.                          our way out of coronavirus.

This will not be easy. Measures to manage the virus       The centrepiece of the package delivers 2300 new dwellings,
will mean business will need to find new ways to do       including social and affordable houses across the state.
old things, to stay profitable and employ their fellow
Tasmanians in a COVID-Safe environment, and we will       It also secures and fast-tracks projects across community
work closely with them to achieve that.                   infrastructure, roads, irrigation and other essential
                                                          infrastructure.
It’s no longer about shutting down and saving
lives it’s about opening up our economy and               These are challenging times, but now is not the time to
rebuilding lives.                                         sit idle, now is the time to unleash the greatest stimulus
                                                          program we can, to kick-start the recovery process and
We will super-charge the economy with a record            help get Tasmania back on track and back in business.
construction blitz over two years, supporting around
15,000 jobs.

The package will build on the Government’s current
infrastructure package of $1.8 billion over the next
two years, and in total will underpin and support an
estimated construction value of $3.1 billion across the   Peter Gutwein
next two years.                                           Premier of Tasmania

2      Our Plan to Rebuild a Stronger Tasmania
Construction blitz 15,000 jobs .1 billion in construction value - OUR PLAN TO REBUILD A STRONGER TASMANIA - Premier of Tasmania
TASMANIA’S SUCCESS IN

                                     Fighting
                                     COVID-19

                             As soon as information about the virulence
                             and potential global spread of COVID-19
                             became available, we immediately stood up
                             a whole-of-government approach to prepare
                             for the emergence of the virus in Tasmania.

                             On Monday 2 March, Tasmania’s first case of COVID-19
                             was confirmed, leading to a rapid and comprehensive
                             Government response, led by our Department of Health.
                                                                                                                                                                                                    Sarah Courtney
                             At the same time, the Government’s State Emergency                                                                                                                           Minister for Health
                             Management Committee, with Health as the lead agency,
                             assumed responsibility for overseeing our emergency
                             response activities.
                                                                                                                                            We know that rebooting our economy
                             As with any emergency incident, these activities are
                             conducted in accordance with our long-standing and                                                              is essential for jobs across Tasmania.
                             well-tested emergency management plans, guidelines and                                                         We will continue to take a responsible
                             operational protocols.                                                                                             approach to easing restrictions,
                             We used our Island state as our best defence mechanism                                                        informed by Public Health advice, to do
                             and we went hard and early with our response to                                                               this safely and minimise the potential of
                             coronavirus, leading the nation on cruise ship bans, border                                                           a devastating second wave
                             controls and other measures to limit physical distancing to
                             protect Tasmanians.

                             Timeline of COVID-19 in Tasmania                                                                                                        Modelling shows, had we not taken
                                                                                                                                                                     early and fast action in Australia, the
                                                                 20 March                   2 April
                                                                 Border restrictions        Further restrictions to racing,                                          COVID-19 pandemic would have
                                                                 effective in Tasmania      sex workers, garage sales,
                                                                                            markets and scalloping                                                   dramatically exceeded the capacity of the
                                                               19 March
                                                               State of Emergency
                                                                                                                  12 April                                           health system, with more than 89% of
                                                                                                                  Further North West
                                                               declared for Tasmania                              Restrictions effective                             the population potentially infected.
                             15
                                                        16 March
                                                        Cruise ships suspended
                                                        from Tasmania
New COVID-19 cases per day

                             12
                                                                                                                                    20 April
                                                                                                                                    200 confirmed cases of                      15 May
                             9                                                                                                      COVID-19 in Tasmania                        Seven consecutive
                                                                                                                                                                                days with no
                                                                                                                                                                                new cases
                                                                                                                                              26 April
                             6                                                                                                                COVIDSafe App
                                                                                                                                              Launched                              18 May                                5 June
                                                                                                                                                                                    Stage One                             Stage Two
                                                                                                                                                                                    Restrictions lifted                   Restrictions
                             3

                             0
                                  3 Mar.   10 Mar.   17 Mar.       24 Mar.        31 Mar.        7 Apr.        14 Apr.        21 Apr.       28 Apr.          5 May     12 May     19 May         25 May        1 June     8 June         11 June

                                                                                                                                                                      Our Plan to Rebuild a Stronger Tasmania                      3
Construction blitz 15,000 jobs .1 billion in construction value - OUR PLAN TO REBUILD A STRONGER TASMANIA - Premier of Tasmania
Our Housing
    Investment
    Delivering a construction
    value of (est) $792 million

1,000 Social Housing Dwellings
Construction Value (est) $300 million

The Government will invest an additional $100 million in
partnership with Community Housing Providers to deliver
up to an additional 1,000 new social houses. This investment
complements, but is additional to, targets and actions in the
Affordable Housing Action Plan 2019 – 2023.

Fast-tracking 220 Social Houses
Construction Value (est) $24 million

The Government will bring forward funding of $14 million and
provide new funding of $10 million to deliver 220 new social                               Roger Jaensch
housing dwellings by 2022, 18 months earlier than planned.                                 Minister for Housing

These homes are part of a 300 home Community Housing Grants
program funded by savings from the Commonwealth Housing
Debt Waiver Agreement, with additional funds to enable early
delivery. This investment complements, but is additional to, targets
and actions in the Affordable Housing Action Plan 2019 – 23               There is no doubt that
                                                                       housing will play a key role in
                                                                         our economic and social
Home Builder Grant of $20,000
                                                                        recovery from COVID-19.
Construction Value (est) $400 million
                                                                       Not only will this investment
The Government currently offers $20,000 to first home owners
who build their own home or buy a house and land package. To
                                                                        create jobs and stimulate
support the building and construction sector, the Government will      our economy, but it will also
make a $20,000 grant available to all owner occupier new home            provide more affordable
builds for contracts entered into until the end of 2020 and the           and social housing for
build completed within eighteen months.
                                                                           Tasmanians in need.
This will provide new owner-occupier home builders with $20,000
towards the cost of a new build or the purchase of new house
and land package. For more information, visit www.sro.tas.gov.au/
about-us/covid-19.

4      Our Plan to Rebuild a Stronger Tasmania
Construction blitz 15,000 jobs .1 billion in construction value - OUR PLAN TO REBUILD A STRONGER TASMANIA - Premier of Tasmania
Expanded HomeShare Program
Construction Value
(est) $9.3 million

HomeShare reduces the initial cost of
buying a house and the monthly cost of
owning it. The Scheme opens the door
to home ownership for those who have
enough income to make the step but
need a helping hand.

Eligibility for HomeShare is based on
income and asset limits and includes
all existing Housing Tasmanian
tenants. To stimulate a greater take-
up of HomeShare, the Government
will revise the eligibility thresholds for
HomeShare.

Income eligibility limits will be increased
by up to 15 per cent and the maximum
financial asset limit will also be
increased to $100,000 to increase the
number of households who can use
HomeShare.

The Government equity contribution
has been increased to a maximum of
$100,000 per house.

It is estimated uptake would result in
150 home purchases including 75 new
builds over two years.

The estimated cost of this initiative is
$9.3 million over two years.

                                                         There is no stronger supporter of Tasmania’s
                                                          building and construction sector than the
                                                               Tasmanian Liberal Government.
                                                       This package is a game-changer for the sector and
                                                     will create jobs when they are needed the most, with
                                                      far-reaching benefits across the entire supply chain,
                               Elise Archer                  supporting businesses and households.
                             Minister for Building
                               and Construction

                                                                            Our Plan to Rebuild a Stronger Tasmania   5
Construction blitz 15,000 jobs .1 billion in construction value - OUR PLAN TO REBUILD A STRONGER TASMANIA - Premier of Tasmania
Our Investment in
    Essential Services
    Delivering a total construction
    value of (est) $42.1 million

Police Housing Upgrades
Construction Value (est) $8.7 million
                                                               Remote area policing is a critical
Funding of $8.7 million will be provided to complete
                                                               role for Tasmania Police and we
the upgrade of all police housing by June 2022. The
Department has been progressing with the upgrade of            know housing in good condition
police housing in line with the Government’s budget and          encourages police officers and
Capital Investment Program (CIP) initiatives since 2014.
                                                                their families to live and stay in
The Department will complete the upgrade of the final 29      our country areas. 29 residences in
police houses over the next two years with this additional    regional areas across the state are
funding. These houses are located in various regional areas
around the state and will provide a significant economic           set to undergo upgrades.
stimulus to a number of regional Tasmanian communities.

Launceston Police Station Refurbishment
Construction Value (est) $7 million
Funding of $7 million will be provided to undertake urgent
infrastructure upgrades and accommodation renovations to
the Launceston Police Station.

The refurbishment will provide Police Officers and the
community with modern, fit for purpose premises well                                      Mark Shelton
into the future. Improvements to the Police Station include                          Minister for Police, Fire &
                                                                                     Emergency Management
amenities upgrades, security upgrades, structural repairs,
and internal redevelopment.

6      Our Plan to Rebuild a Stronger Tasmania
Construction blitz 15,000 jobs .1 billion in construction value - OUR PLAN TO REBUILD A STRONGER TASMANIA - Premier of Tasmania
Child and Family
                                                                          Learning Centres
                                                                          Construction Value (est) $7
                                                                          million

                                                                          The Government will provide an
                                                                          additional $7 million for Child
                                                                          and Family Learning Centres
                                                                          (CFLCs) for a total investment
                                                                          of $28 million. This means that
                                                                          $17.6 million will be spent on the
                                                                          Centres in 2020-21 and 2021-22.

                                                                          CFLCs are a proven way of
                                                                          supporting families and carers
                                                                          in the early years of a child’s
                                                                          life in communities where we
                                                                          can make the most difference.
                                                                          The Government will fast-track
Emergency Services State                                                  five of the promised six CFLCs,
Operation Centre                                                          across all parts of the State.
Construction Value (est) $3.5 million
                                                                          The design and construction
The Government will provide $3.5 million to establish a new               process will begin now on two
State Operations Centre in a central location from which all our          CFLCs – one at East Tamar and
emergency services may coordinate our response to emergencies.            another at Wynyard – with these
                                                                          Centres completed in the 2021-
Regional Health and Ambulance Facilities Fund                             22 financial year. There has been
Construction Value (est) $10 million                                      strong community engagement
                                                                          in these communities.
Funding of $10 million will be provided to upgrade regional health
                                                                          Community engagement
and ambulance facilities. These upgrades will provide better facilities
                                                                          and consultation will begin
for patients and staff in Tasmania’s regional health facilities, and
                                                                          immediately on a further
better facilities for paramedics and volunteers at rural stations.
                                                                          three CFLCs – in Glenorchy,
                                                                          Kingborough and West
Burnie Court – Bringing Forward                                           Ulverstone – with construction
Construction Value (est) $5.9 million                                     to now substantially begin in the
                                                                          2021-22 financial year.
The Government will bring forward $5.9 million of the $15 million
investment in improving access to court services in Burnie.               A further CLFC in Sorell will
                                                                          begin construction in
The investment will provide better access to justice for those in the     2022 23 in line with the $25
North West by enabling the long-term continuation of Magistrate           million redevelopment of the
and Supreme Court services in Burnie in fit for purpose premises.         Sorell School.

                                                                          Our Plan to Rebuild a Stronger Tasmania   7
Construction blitz 15,000 jobs .1 billion in construction value - OUR PLAN TO REBUILD A STRONGER TASMANIA - Premier of Tasmania
Our Investment
    in Community
    Infrastructure
    Delivering (est) $167.5 million
    in construction value

    Royal Tasmanian Botanical Gardens
    Construction Value (est) $4 million

    The Royal Tasmanian Botanical Gardens (RTBG) is the only botanical gardens in Tasmania and is the second oldest
    in Australia. In the last four years the Gardens have experienced a 40 per cent increase in visitation to 525,000
    visitors annually.

    This has placed pressure on existing
    infrastructure and demonstrated the need
    for significant upgrades and modernisation
    to meet expectations
    of visitors.

    The Government has already provided $3.6
    million for a new visitors centre.

    This additional funding of $4 million will
    be used to fund a major capital works
    program, to build new infrastructure and
    upgrade existing ageing infrastructure in
    order to meet the additional demands of
    the Botanical Gardens’ rapidly growing
    visitor numbers.

    A focus will be on developing a new visitor
    centre along with improved disability access
    into and around the gardens.

     Public Building Refurbishment and Upgrade Program
     Additional $20 million investment

     An additional $20 million will be provided over two years to fund critical maintenance on public buildings and other
     publicly owned assets.

     This funding is in addition to the $50 million that was brought forward and announced as part of the Government’s
     initial economic and social support measures. This $70 million Program will continue to provide support for
     regional employment and trades.

8         Our Plan to Rebuild a Stronger Tasmania
Construction blitz 15,000 jobs .1 billion in construction value - OUR PLAN TO REBUILD A STRONGER TASMANIA - Premier of Tasmania
Improving the Playing Field Fund for
Sporting Organisations
Construction Value (est) $10 million

The Government will establish a $10 million fund to provide grants
to sporting clubs and associations to improve playing facilities across
Tasmania to maintain and build participation across sporting codes
following the COVID-19 pandemic.

Improving the Playing Field grants will be made available to upgrade                                         Jane Howlett
                                                                                                                     Minister for
sporting facilities for women and men of all ages, girls and boys and                                         Sport & Recreation
those with disabilities.

The grants are designed to encourage continued participation
in sports following the interruption of competitions due to the
COVID-19 pandemic by improving the amenity of facilities for                   The Improving the Playing Field
participants, officials and spectators. The grants program will also          initiative will provide grants to
provide a valuable stimulus to the construction industry across urban
and regional Tasmania.                                                        sporting clubs and associations
                                                                                 to improve facilities across
Grants of between $25,000 and $250,000 will be considered for                  Tasmania, helping to maintain
approved capital works which may include change rooms, toilets and              and build participation rates
shower facilities, accessibility, lighting, security, fencing, scoreboards,
                                                                                  across all sporting codes.
drainage and other civil construction works. The grants will be
available for both the building of new facilities and upgrading existing         It will be made available to
facilities.                                                                         local councils, sporting
                                                                                    associations and clubs.
The Grants program will be open to local councils, sporting
associations and clubs.

Derwent Entertainment Centre
Construction Value (est) $68.5 million

The Government is well advanced with discussions with both the NBL and LK Group with regard to the establishment of a
Tasmanian NBL franchise, development of the DEC and Wilkinson’s Point precinct and the establishment of a community
multi-sport venue.
To realise this initiative, the
Government will provide $68.5
million for the upgrade of the
Derwent Entertainment Centre
as a world class entertainment
and sporting facility including
$20 million for a community four
court multisport facility.

Subject to final agreement
on terms being reached, the
upgraded DEC will host a
Tasmanian National Basketball
League team and NBL games as
well as being available for major
community events
and entertainment.

                                                                                   Our Plan to Rebuild a Stronger Tasmania          9
Construction blitz 15,000 jobs .1 billion in construction value - OUR PLAN TO REBUILD A STRONGER TASMANIA - Premier of Tasmania
Cooee – Wynyard Coastal Pathway
     Construction Value (est) $12 million

     The Government will provide an extra $12
     million over two years to the Burnie City and
     Waratah-Wynyard Councils to complete the
     coastal pathway between Cooee and Wynyard
     along the disused rail corridor.

     The funding will enable works to repair
     existing damage threatening the rail
     embankment and further works necessary to
     protect the corridor from future erosion risks
     over the next 20 years.
                                                                                           Leonie Hiscutt
                                                                                               Liberal Member
                                                                                              for Montgomery

                                                              North West Tasmania was heavily impacted by
                                                             the COVID-19 outbreak, with businesses having
                                                              to close their doors and the community going
                                                                              into lockdown.

                                                                Any projects which can help to not only
                                           Joan Rylah          support our economy on the North West,
                                           Liberal Member      but increase community morale are key in
                                               for Braddon
                                                                         rebuilding our region.

          The long awaited Coastal
         Pathway will connect North
        West communities from Cooee
                to Wynyard.

           The new 13km, multi-use
         pathway connecting the two
          communities will be a great
        opportuntiy for people to walk,
         run or cycle along along this
           spectacular stretch of the
             Bass Strait coastline.

                                                                                                         Image courtesy
                                                                                                            of S. Group

10        Our Plan to Rebuild a Stronger Tasmania
Cascades Female Factory
Construction Value (est) $3 million

The Cascades Female Factory in South
Hobart is a significant site managed by the
Port Arthur Historic Site Management
Authority.

It is one of very few surviving female
factories and has been deemed of
international heritage significance due to its                                                                  Image courtesy of
                                                                                                   Tourism Tasmania & Rob Burnett
ability to tell the female convict story.

Listed as a World Heritage site in 2010, the need for a new Visitor and Interpretation Centre was identified by the
World Heritage Committee at the time of listing. The Government funding of $3 million will contribute to the design
and construction of a new visitor centre, which will include modern and accessible facilities.

This project has already received Heritage Council and Hobart City Council approvals.

    Local Government Loans
    Construction Value (est) $50 million
                                                                            The Clarence City Council
    The Government will provide a further $50 million                        has begun work on a new
    for Local Government No Interest Loans. This will                       $2.8 million Bellerive Public
    bring the Government’s total commitment for Local
    Government loans to $200 million.                                        Pier, which the Tasmanian
                                                                            Government has supported
    These loans will be interest free for three years and
                                                                              through our $200 million
    made available to encourage local governments to invest
    and employ more Tasmanians to upgrade, renovate and                         No Interest Loans for
    to do necessary maintenance to improve our tourism                       Local Government initative.
    assets and local infrastructure.

                                                                                                   Jacquie Petrusma
                                                                                                 Liberal Member for Franklin

                                                                                 Our Plan to Rebuild a Stronger Tasmania        11
Our Investment in
   Roads and Irrigation
   Infrastructure
   Delivering a total construction
   value of (est) $55 million

State Road Safety Upgrade Fund
Construction Value (est) $40 million

The Government will allocate $40 million for State road safety upgrades in 2020-21 and 2021-22.

We will also bring forward $40 million in road safety projects through an accelerated procurement tender process.
This will provide the local construction industry with certainty of work and employment prospects over the coming
months and into the next construction season.

The first tranche of projects under this package are now out
to market, including safety upgrades on Highland Lakes Road at
the ‘Pub with No Beer’ corner, improved turning facilities on the
Bass Highway at Boat Harbour, and road widening and improved
turning facilities on the Arthur Highway at Eaglehawk Neck.

A further nine projects will be put to market under this process
and will include bridge strengthening works, the upgrade of
Binalong Bay Road, the Bruny Island landside infrastructure, and
road widening works on the Midland Highway between Powranna
and Tunbridge.

The Government’s record $378 million roads budget next
financial year already includes other significant projects, such as
the new Hobart Airport interchange, park and ride facilities in
Kingborough, the West Tamar Highway upgrades and the start of
the $100 million Bass Highway upgrades with the Boat Harbour
Primary School turn-off. These projects are all on track to start
later this year.

                                                   The new $40 million will be invested into much needed
                                                      road and bridge upgrades across the State, and we
                                                    also have a significant pipeline of projects that will be
                                                    tendered in the coming months. The best way to get
                                                   our budget back on track, grow business confidence and
                                                   create jobs for Tasmanians is to grow the economy, and
                     Michael Ferguson                         that is exactly what we are doing.
                     Minister for Infrastructure
                                 and Transport

 12      Our Plan to Rebuild a Stronger Tasmania
Irrigation Schemes
                                       Construction Value (est) $15 million

                                       The Tasmanian Liberal Government recognises that agriculture
                                       is a cornerstone of our state’s economy, which is why we are
                                       investing a further $15 million to meet the increased demand for
                                       the first 5 schemes of Pipeline to Prosperity our Tranche 3 of
                                       irrigation scheme.
                   John Tucker
                    Liberal Member     The $28.51 million, 5,000ML Don Irrigation Scheme in the
                           for Lyons   North West is our priority project with construction to
                                       commence early in 2021, delivering 130 direct and indirect jobs
                                       once all the scheme water is fully utilised.

                                       Our nation-leading irrigation schemes are underpinning
      We have the rich soil,
                                       agricultural production and boosting farm productivity across the
    favourable climate, water          State, enabling farmers to diversify, value add and expand their
   infrastructure, enterprising        existing farming operations; a key plank for meeting our target of
 farmers and a premium brand,          increasing the farm gate value of Tasmania’s agricultural sector to
that we can leverage to expand         $10 billion a year by 2050.
    our agricultural industries
                                       Schemes in Fingal, Northern Midlands, Sassafras/Wesley Vale and
     and food manufacturing            Tamar districts are progressing and would provide farmers in
   capacity and help to rebuild        each district with confidence to invest further in growing their
       Tasmania’s economy.             businesses

                                                                                            Guy Barnett
                                                                                           Minister for Primary
                                                                                            Industries & Water

                                                          Not only does Tasmania’s agricultural
                                                           sector continue to put food on our
                                                          tables, it also underpins prosperity in
                                                           our rural and regional communities,
                                                          and will be a vital driver of economic
                                                           growth into the future. The further
                                                           $15 million investment will allow us
                                                           to deliver state-of-the-art irrigation
                                                              schemes, supporting 130 jobs.

                                                                       Our Plan to Rebuild a Stronger Tasmania    13
Our Investment in
 Education and Skills
 Infrastructure
 Delivering a total construction
 value of (est) $10.5 million

     Trades and Water Centre of Excellence
     Construction Value (est) $7 million

     The Government’s vocational education and training system is
     critical to rebuilding Tasmania, providing the skills needed to
     support local jobs for industry productivity.

     To skill Tasmanians for local jobs in the construction and                               Nic Street
     civil contracting industries, including the water and sewerage                           Liberal Member
                                                                                                  for Franklin
     infrastructure sector, the Government has brought forward
     and re-capitalised the TasTAFE Trades and Water Centre of
     Excellence promised at the 2018 State election.
                                                                             The Centre will be based
     An initial $7 million was provided for this initiative in the 2019-
     20 Budget.                                                                at TasTAFE’s Clarence
                                                                              campus in Warrane and
     The Government will now provide a further $7 million for the          focus on training Tasmanians
     new $14 million Trades and Water Centre of Excellence, which             in the construction and
     will be a key driver in delivering the skills needed to Rebuild
     Tasmania.
                                                                            civil contracting industries,
                                                                                 including the water
     It will have its own industry-based Board, to ensure its                       and sewerage
     operations and training align with the skill needs of employers.          infrastructure sector.

14        Our Plan to Rebuild a Stronger Tasmania
Devonport High School
Construction Value (est)
$3.5 million

The Government will bring forward $3.5
million of funding allocated for the $10.5
million redevelopment of the Devonport
High School.

This major redevelopment will include
the provision of contemporary learning
environments, support spaces and
administration, and car park improvements.

                                              Extensive consultation has been undertaken since 2018 with
                                             the Devonport school community, the wider community and
                                             local businesses to determine exactly what learning offerings
                                              and facilities are needed. It’s great the $3.5 million has been
                                              brought forward to progress this important project, as part
                                             of the Tasmanian Government’s infrastructure expenditure to
                   Jeremy Rockliff
                             Minister for
                                                          strengthen and underpin the economy.
                     Education & Training

    RBF Tasmanian Investment Fund
     Retirement Benefits Fund – Social and Economic Returns for Tasmanians
     Total Construction Value (est) $200 million

     The Retirement Benefits Fund (RBF) manages                Treasury will implement arrangements whereby up
     superannuation for Tasmania public sector employees       to 10 per cent of the Fund’s investments will be
     who hold defined benefits account or pension.             invested in Tasmania and the Premier’s Economic
                                                               and Social Recovery Advisory Council will consider
     As at the time of RBF 2018-19 Annual Report, the          options to best provide an economic and social
     Retirement Benefits Fund stood at $2.1 billion.           return for the State.
     The Superannuation Commission oversees the
     administration and investment activity of the Fund.       The Fund will be used to identify suitable
                                                               investments outside of Government in the private
     The Commission currently has investments across           sector that can be supported across the economy
     a balanced portfolio including Equity Funds, Fixed        to increase economic activity, create jobs and
     Income Funds, unlisted property and infrastructure        strengthen social outcomes. This could see up to
     and cash.                                                 $200 million flow into investments in Tasmania.

                                                                               Our Plan to Rebuild a Stronger Tasmania   15
For more information, please email premier@dpac.tas.gov.au
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