On 20 August 2024 the Senate established a select committee, to be known as the Select Committee on the Tasmanian Freight Equalisation Scheme, to inquire into and report on:
- the merits and weaknesses of the scheme and if it is currently fit for purpose;
- if the scheme has kept up with increasing costs over the past decade;
- the cost and budget of the scheme;
- shipping costs, competition and shipping industry competitive structures across Bass Strait, including alternative freight options;
- eligibility criteria under the scheme;
- the operation and administration of the scheme;
- how the scheme impacts businesses on King Island and Flinders Island; and
- any other related matters.
The committee will present its final report by 26 November 2024.