(1) That a select committee, to be known as the Select Committee on the Tasmanian Freight Equalisation Scheme, be established to inquire into and report on:

(a)  the merits and weaknesses of the scheme and if it is currently fit for purpose;

(b)  if the scheme has kept up with increasing costs over the past decade;

(c)  the cost and budget of the scheme;

(d)  shipping costs, competition and shipping industry competitive structures across Bass Strait, including alternative freight options;

(e)  eligibility criteria under the scheme;

(f)  the operation and administration of the scheme;

(g) how the scheme impacts businesses on King Island and Flinders Island; and

(h)  any other related matters.

(2) That the committee present its final report by 26 November 2024.

The resolution establishing the Committee is available in the Journals of the Senate No.125 – 20 August 2024.