The proposal would address ‘class slip’ (where greater proportions of freight come under higher class categories) under the Tasmanian Freight Equalisation Scheme (TFES) Domestic Class framework. Assistance thresholds would be adjusted such that 50% of freight falls within Classes 1 and 2 and 50% falls within Classes 3 and 4.
Class slip has been defined as the gradual shift of claims from the lower to the higher classes, with an increasingly high proportion of claims are at the maximum Class 4 amount per claim of $855.
The proposal would commence on 1 February 2026.