As part of the 2025-26 Budget, the Treasurer,  The Hon. Guy Barnett, provided an update on the Government’s comprehensive reform agenda for Government Businesses.

With reference to the report commissioned by economist Mr Saul Eslake, the Tasmanian Government accepted Mr  Eslake’s recommendation to rule out divestment of several Government businesses, including the Public Trustee. This means the proposed restructure of the Public Trustee will no longer proceed, and the organisation will remain publicly owned and operated.

Public Trustee Chair, Ms Therese Taylor, acknowledged this confirmation and highlighted the organisation’s ongoing commitment to the Tasmanian community.  “The Public Trustee has successfully implemented a raft of reforms over the past three years. We look forward to continuing this important work and  working constructively with Government, stakeholders and clients.” Ms Taylor said.

The Public Trustee plays a vital role in safeguarding the rights and interests of Tasmanians, particularly the most vulnerable members of our community. Our work in estate and financial administration, estate planning, and trustee services is guided by independence, integrity, and a strong focus on community service.  We are proud to continue delivering these important services as a publicly owned organisation.