Tasmania Shields Finances from Labor’s Super Liability
The Tasmanian Government is acting on Labor’s reckless decision to raid the superannuation fund, leaving a long-term liability for future generations.
Treasurer Guy Barnett welcomed the passage of the Superannuation Liability (GST Windfall Fund) Bill 2025, a key election commitment of the 2030 Strong Plan for Tasmania’s Future.
“Labor not only raided the barn, they burnt it down on the way out, leaving a $1.5 billion unfunded superannuation liability,” the Treasurer said.
“The Rundle Liberal Government established the superannuation provision account to cover the superannuation costs of former state servants.
“Tasmanian Labor’s legacy was to raid this provision to prop themselves up, harming Tasmanians for generations to come.
“Our Government is taking action to pay down Labor’s superannuation debt for future generations of Tasmanians.
“It ensures that when the State receives additional GST revenue, that money is used responsibly by reducing Labor’s long-term superannuation debt.”
Under the new law, 50 per cent of any above-forecast GST revenue will be deposited into a newly established Superannuation Liability Fund.
These funds will be used exclusively to pay down Labor’s unfunded superannuation liability, and cannot be repurposed without the approval of both houses of Parliament.
“This is a smart and disciplined reform. It locks in savings and ensures we unshackle Labor’s debt burden on future Tasmanians,” the Treasurer said.
“We will not allow Labor to raid the barn ever again, let alone own burn it.”
The Tasmanian Government is delivering on its 2030 Strong Plan for Tasmania to help keep our economy strong.
“This Government is committed to responsible financial management and intergenerational fairness,” the Treasurer said.
https://www.premier.tas.gov.au/latest-news/2025/may/safeguarding-tasmanias-financial-future-from-labors-superannuation-liability2