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| Tasmanian Economic Development Advisory Council | |
|---|---|
| Name | Tasmanian Economic Development Advisory Council |
| Formation | 2010s |
| Type | Advisory body |
| Headquarters | Hobart, Tasmania |
| Region served | Tasmania |
| Leader title | Chair |
| Parent organisation | Tasmanian Government |
Tasmanian Economic Development Advisory Council The Tasmanian Economic Development Advisory Council is an advisory body established to provide strategic advice on Tasmania's commercial development, competitiveness, and investment attraction. It engages with stakeholders across sectors including manufacturing, tourism, agriculture, forestry, and information technology to inform policy options for the Tasmanian Government, the Premier of Tasmania, and relevant statutory authorities. The council interacts with universities, industry groups, and regional bodies such as University of Tasmania, Tasmanian Chamber of Commerce and Industry, and local councils in Launceston and Hobart.
The council was formed in the 2010s amid debates following reports by the Productivity Commission, the Commonwealth Treasury, and state-level reviews into competitiveness after the Global Financial Crisis (2007–2008). Its creation responded to earlier initiatives such as the Tasmanian Economic Regeneration Strategy and drew on models like the Queensland Economic Development Board and the New South Wales Innovation and Productivity Council. Early participants included figures from CSIRO, ANZ Bank, Westpac, and leadership from the University of Tasmania's business faculties. Over time the council has intersected with programs tied to the Australian Trade and Investment Commission and engaged with national dialogues including those hosted by the Australian Industry Group and Business Council of Australia.
The council advises on policy instruments similar to work undertaken by the Australian Competition and Consumer Commission and reviews influenced by the Productivity Commission's methodology. Its mandate covers investment attraction akin to Invest Victoria efforts, sector competitiveness reports paralleling the Manufacturing Australia white papers, and regional development coordination reflecting practices of the Regional Australia Institute. The council produces strategic advice used by the Treasurer of Tasmania and coordinates with agencies such as Tourism Australia-level entities and the Department of State Growth (Tasmania).
The council operates as a time-limited advisory panel, with a chair supported by subcommittees patterned after university advisory boards like those at the University of Sydney and Monash University. Membership has included executives from Aurora Energy (Tasmania), leaders from Hydro Tasmania, representatives from the Tasmanian Farmers and Graziers Association, and academics linked to the Australian National University and Griffith University. Secretariat functions are often delivered through the Department of Premier and Cabinet (Tasmania) or contracted professional services firms similar to KPMG Australia and Deloitte Australia.
Major initiatives have targeted value-adding in sectors comparable to programs by Meat & Livestock Australia and Wine Australia, export facilitation analogous to Export Finance Australia services, and tourism campaigns with models like Tasmania: Holiday of a Lifetime-style branding. Projects have included supply chain optimisation projects drawing on practice from Port of Melbourne operators, agritech pilots inspired by CSIRO's Data61, and skills programs in partnership with Registered Training Organisations and universities such as RMIT University. Collaborative ventures have been brokered with entities like Australian Renewable Energy Agency and industry clusters resembling the Advanced Manufacturing Growth Centre.
Membership comprises private sector leaders, tertiary academics, and senior public servants reflecting appointments similar to those to the Australian Research Council advisory boards. Chairs have been drawn from corporate backgrounds comparable to executives at TasNetworks and Bell Bay Aluminium; members have included board directors with experience on boards such as Suncorp Group and BHP. Governance follows statutory appointment processes aligned with practices used by the Australian Securities and Investments Commission for non-executive appointments, with terms, conflict-of-interest rules, and reporting obligations mirroring those of independent advisory councils across Australian jurisdictions.
Funding is provided through Tasmanian State budget appropriations administered by agencies like the Department of Treasury and Finance (Tasmania), with occasional project funding from federal programs administered by Department of Infrastructure, Transport, Regional Development and Communications. Accountability channels include reporting to ministers akin to the procedures used by the Australian National Audit Office for reviewable programs, and occasional external evaluations by consultancies and academic reviewers from institutions like University of Tasmania and Curtin University.
Proponents cite the council's role in shaping initiatives that mirror outcomes promoted by bodies such as the Business Council of Australia and in advancing projects comparable to those supported by Infrastructure Australia. Critics argue it can reflect industry priorities similar to critiques leveled at the Minerals Council of Australia and may underrepresent community groups referenced in debates involving the Tasmanian Greens and local government associations. Independent analysts have compared its recommendations to reports from bodies like the Productivity Commission and the Australian Bureau of Statistics to assess measurable impacts on employment and investment in regions such as King Island and the North West Coast (Tasmania).
Category:Organizations based in Tasmania Category:Economy of Tasmania