Posted September 01, 2019 09:42:00 The Australian Government is on the verge of privatising the tiger turf business that has been going on for more than 50 years.
The Government has given the green light to a $3.4 billion tender process to acquire the assets of Tiger Ponds, a Tasmanian company that has an extensive history in the industry.
The tender process will now be followed by a final decision by the Government on when to issue the tender.
The Tasmanian Government owns the Tasmanian Tiger Company and is responsible for running the business.
Tiger Ponds has been operating under the Tiger Pools and Ponds brands for nearly 50 years, providing outdoor terraces, outdoor swimming pools and other outdoor entertainment for children, adults and families.
It was a key part of the Tasman’s tourism industry for decades and is a major tourist attraction in the state.
The Tasmanian tiger was considered a rare and endangered species until a reintroduction program began in the 1980s.
With the Government’s decision to issue a tender, Tiger Pounds owners will now have to look elsewhere for funding to keep Tiger Paints up and running.
Last week, the Government gave the go ahead for a tender to purchase a majority stake in Tiger Polls, the Tasman National Tiger Reserve.
In a statement, Treasurer Chris Bowen said the Government was “actively seeking new revenue sources” and hoped to secure funding for the tender process.
“The Tasmanians tiger has been an iconic part of our country’s tourism culture for more and more time and we have always valued it as a part of that heritage,” Mr Bowen said.
Mr Bowen said Tasmanians would benefit from “a long-term commitment to a vibrant and sustainable tiger industry”.
Tigers have become a symbol of the Government.
Originally published as Government gives green light for Tiger Pests to be privatised