TFES Case Study Paper
Case study of 2016 extension to the Tasmanian Freight Equalisation Scheme (TFES) for international exports released by Senator Richard Colbeck
The extension of the Tasmanian Freight Equalisation Scheme (TFES) for international exports is having the desired effect for Tasmanian businesses.
The Regional Development Australia (RDA) Tasmania Committee has finalised a report which includes an analysis of the uptake and case study benefits to local businesses and regional communities.
“This Case Study Report for International Exports has provided further evidence of the positive impacts the TFES delivers for Tasmanian exporters and regional communities” said RDA Tasmania Chairman Mr Tom Black
Photo Courtesy: Premium Fresh
This report undertaken by RDA Tasmania, with support from members of the Tasmanian Logistics Committee, includes interviews with 11 Tasmanian export businesses and demonstrates the positive impacts the extension to the TFES (since 2016) has provided.
“Most pleasing is that the report highlights the direct contribution made by some of these Tasmanian export businesses to our regional communities, including for example at least 45 new jobs and over $15 million of new investment in plant and equipment which is identified within the report from just a few of the businesses interviewed” said Mr Black.
“Furthermore, international export container movements for July 2016 to June 2017 increased by 11% on the previous year and July 2017 to October 2017, and saw an increase of 16% for the same period the previous year. This further confirms that the TFES on international exports is contributing to Tasmania’s growing economy.”
Tasmania continues to play its part on the national stage as a net exporter of a diverse range of goods to both mainland and overseas markets. In order to ensure that the freight rates faced by Tasmanian businesses remain competitive with those of their mainland counterparts, the TFES for both domestic and international exports provides an “even break” for Tasmanian exporters and allows them to compete effectively on quality.
Photo Courtesy: Tasports
The TFES extension is vital to maintaining the momentum and build on the outcomes already achieved by Tasmanian exporters since 2016. The demonstrated outcomes and resulting benefits to date prove that the TFES scheme is a valuable and significant support mechanism that provides tangible benefits for Tasmania”
To download a copy of the TFES Case Study Paper, Click Here