Bass Strait Passenger Vehicle Equalisation Scheme

The Bass Strait Passenger Vehicle Equalisation Scheme (BSPVES) is an Australian Government initiative that offers uncapped federal funding to subsidise the cost of ferry travel across Bass Strait. This scheme primarily supports services operated by the Tasmanian Government owned Spirit of Tasmania, linking the Port of Geelong on the Australian mainland with the island state of Tasmania. The BSPVES also includes provisions for commuters who must fly between mainland Australia and King Island or the Furneaux Group due to the absence of ferry services.

In 2023/24, the BSPVES expended a total of $58.2 million covering 201,000 vehicle crossings.

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