The Tasmanian Government's successful Buy Local Policy is backing Tasmanians jobs and businesses across the state.
Treasurer Eric Abetz said Tasmanian businesses winning government contracts has a flow-on effect for the entire state.
"Our highly successful Buy Local Policy first implemented in 2014 has helped thousands of Tasmanian businesses since implemented," the Treasurer said.
"In the 2024-25 financial year, some $730.3 million of Tasmanian Government contracts were awarded to Tasmanian businesses.
"In the September 2025 quarter, 79 per cent of contracts tendered through an open procurement process went to Tasmanian businesses – some 98 per cent of value.
"These figures are welcome, as this Policy helps Tasmanian businesses at every step of the procurement process, ensuring we are providing certainty for Tasmanian jobs and growing local industries."
Following a review, the latest Buy Local Policy came into effect on 1 January 2026.
The latest policy seeks to improve clarity and transparency, simplify the language around existing requirements and modernises the original policy from 2014 so we can achieve an even greater uptake of local businesses.
"Wherever we can improve, we have sought to refine this policy further," the Treasurer said.
"Maintaining the high engagement and success of Tasmanian businesses in this policy is vital and continuing to improve how it operates will be integral to this.
"This Liberal Government is delivering for Tasmanians and our local businesses – and will continue to do so in 2026."
The new version of the Policy removes the mandatory requirement for the economic and social benefits test to be applied in the request for quotation processes where all suppliers to be approached are Tasmanian businesses.
Access the latest Buy Local Policy which came into effect on 1 January 2026 here.
