Today, the Tasmanian Government has tabled the Tasmanian Development Amendment Bill 2024 in Parliament.
Premier Jeremy Rockliff said this is an important step, as part of our 2030 Strong Plan for Tasmania's Future, to increase the statutory cap imposed on co-investment for strategic projects that benefit Tasmania.
"The draft bill will enable co-investment of projects of up to $35 million – significantly increasing the value of projects that can be supported by Tasmanian Development and Resources (TDR)," Premier Rockliff said.
"TDR's primary focus is to create investment and associated employment growth through the implementation of government priorities and policies.
"The draft bill amends the Tasmanian Development Act 1983 by increasing the loan and liability discharge capped limits for co-investment across a number of categories and makes other minor amendments to improve the effective operation of the Act.
"As Tasmania confronts national and international economic headwinds, the Tasmanian Development Board will play an increasing role in Tasmania's economic development."
As part of the Government's 2030 Strong Plan for Tasmania's Future, we are ensuring TDR is set up to succeed in its mission to promote economic development and increased industry development activities across Tasmania.
