After finding out Premier Rockliff was so desperate to turn a buck with Spirit IV that he considered turning it into a floating refugee camp, the Rockliff minority government must come clean about TT-Line’s finances.

Tasmania’s public finance corporation revealed late last year that a full review into TT-Line’s finances was taking place amid concern about the ferry operator’s rising debt.

It was confirmed during Government Business Enterprise hearings that TT-Line had been operating in breach of its debt agreement with TasCorp for more than six months. At the time TT-Line was on track to exceed its current borrowing limit of $1 billion. It’s hard to believe things haven't got even worse since then, given the millions wasted hiding our Spirits in Scotland.

Back in December, TasCorp said it was expecting the review “immediately”. In January when Labor called the government out, Minister Abetz refused to be transparent and provide an update. We are now in March.

Given the Liberals’ track record in managing the state’s finances and history of keeping Tasmanians in the dark with the Spirits fiasco they need to provide a full update on TT-Line, including whether a revised business case, forward projections and a potential increase in the loan facility have been finalised.

This week we learnt that Premier Rockliff is happy to sell TT-Line, could it be that the Premier wants to offload the asset and make it somebody else’s problem?

Premier Rockliff’s ferry fiasco has already cost the Tasmanian economy billions of dollars. Tasmanians have the right to know what the review of TT-Line shows and whether the Spirits farce will cost taxpayers even more.

Josh Willie MP
Shadow Treasurer