Frequently Asked Questions

A divestment process was commenced in 2018, and while it progressed well at the time, a decision was made to close it due to the Government’s priority to support the community and keep Tasmanian’s safe during the COVID-19 pandemic.

The process currently being undertaken will be a broad open process to consider options for repurposing the site, which may involve a divestment, however, will also consider a range of other tenure options.

For the Treasury Building Complex, the term repurpose can include many forms of delivery models.

Proponents are encouraged to suggest innovative delivery models and imaginative future uses.

Repurposing of the site may be delivered by way of varying tenures and commercial structures. This could include, but is not limited to, leasing, selling, refurbishing or repurposing the Complex.

It is anticipated to undertake a three phased process led by an advisory consultant with expertise in leading and delivering similar complex projects.

The intended process (subject to the advice of the advisory consultant) is:

The Complex is centrally located, adjacent to the Central Business District and in close proximity to the Hobart’s historic waterfront. The Complex is situated on a site spanning approximately 5,691 square metres, with three (3) prominent street frontages.

The Complex is located in Sullivans Cove, being identified within a Mixed-Use Activity Area 2.0. Primary objectives under this area include:

Noting that there is an imminent change in the statutory framework applicable to the place, being a transition from the Sullivan’s Cove Planning Scheme 1997 (as amended) to the Hobart Local Provisions Schedule of the State Planning Provisions.

The Tasmanian Government will ensure that prospective Proponents will comply with heritage and planning criteria for the site.

The approving authority is the City of Hobart.

The Department of Treasury and Finance, with advice from its appointed advisory consultant, will review Proponents’ proposals for their capabilities to deliver a project such as this, how closely the proposals meet the vision and objectives for the site; and to what extent the future uses proposed are commercially sustainable.

Key stakeholders, including the Tasmanian community, whose views and insights are important to the assessment process, will be engaged to understand their views.  

The Department of Treasury and Finance has appointed local communication consultants Cor Comms to conduct this engagement, capture feedback and provide a final report to assist in the assessment process. To contact Cor Comms please email:
engagement@corcomms.com.au.

In addition, the ROI process will be advertised to the public and other key stakeholders will be engaged directly.

Community and stakeholder feedback will inform subsequent phases of the process and assist in deciding the preferred future uses of the site.