Tasmania Archives - Inspirepreneur Magazine

Tasmania Grid Link Secures $1.2B Boost From Clean Energy Fund

ShivangiMay 8, 2026May 8, 202605 mins

The Clean Energy Finance Corporation has committed $1.2 billion to TasNetworks for stage one of the North West Transmission Developments project in Tasmania, completing all funding required for Project Marinus. The money comes from the Rewiring the Nation Fund and will fund upgrades to more than 130 kilometres of transmission infrastructure. Consumer network charges are projected to fall around 55 per cent over the life of the project, delivering an estimated $315 million in savings to Tasmanian electricity consumers in the first five years. The investment completes a broader push to connect Tasmania’s hydro resources to the mainland grid.

Greens Warn Thousands Will Protest Tasmania Forest Logging

manjula@inspirepreneur.com.auNovember 28, 2025November 29, 202506 mins

Greens leaders caution that tens of thousands of Tasmanians will demonstrate if the government permits logging on 400,000 hectares of safeguarded forest. Bob Brown, Christine Milne, Peg Putt, Cassy O’Connor and Nick McKim addressed a press conference. The regions include Bruny Island, Wielangta, Blue Tier and Tarkine forests protected by a peace agreement. O’Connor states the proposal would cause economic division, in Tasmania. Health Minister Ferguson asserts the decision will preserve 700 jobs and the government stands firm in backing the forest industry. Only Greens talking about forest wars, he claims.

Rising Costs Hit Major Theatre Upgrade in Tasmania

manjula@inspirepreneur.com.auNovember 27, 2025November 27, 202509 mins

A councillor in Launceston Tasmania states that the Princess Theatre and Earl Arts Centre redevelopment expenses will exceed the $30 million projection. The City of Launceston has yet to verify the cost. Council CEO Sam Johnson declined to address leaked reports regarding increasing expenses. He mentioned the council adheres to protocols and will not speak…

Moody’s Cuts Tasmania’s Credit Rating to Australia’s Worst

manjula@inspirepreneur.com.auNovember 26, 2025November 26, 202508 mins

Tasmania’s credit ranking from Moody’s fell from Aa2 to Aa3, making it the worst-rated Australian state. The rating is a consequence of the sharp increase in the debt burden and growing interest costs. Its net debt is projected to rise from $5 billion to $10.4 billion by 2029. Its treasurer, Eric Abetz, expressed that he is not alarmed, while welcoming the outlook revision from negative to stable. Economist Saul Eslake labelled this a vote of no confidence in the government’s fiscal performance. The business body urges urgent reform of the budget, targeting expenses, not taxes.

Tasmanian Power Company Faces Criticism Over Large Payouts

manjula@inspirepreneur.com.auNovember 25, 2025November 25, 202507 mins

Ross Burridge, operations executive at TasNetworks was given a $712,000 severance payment after his position was made redundant. Chair Roger Gill explained that executive benefits were tied to legacy deals following the Hydro Tasmania split century, which the company was required to honor. Over a three-year overhaul the company reduced the team from eight to five. The year executive Wayne Tucker received a $711,000 severance. TasNetworks confirmed Burridge was the executive under that contract arrangement. The company disbursed $22 million, in entitlements during workforce reduction from 1,250 to 1,100 employees.