TasBuild
TasBuild is the Tasmanian Government-appointed private trustee administering the state's mandatory portable long service leave scheme for construction industry employers, workers, and self-employed participants under the Construction Industry (Long Service) Act 1997.
- Company typePrivate
- Founded1997
- HeadquartersHobart, Australia
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What TasBuild does
TasBuild Limited is a private trustee company appointed by the Tasmanian Government in 1998 to administer the Tasmanian portable long service leave scheme for the construction industry, operating under the Construction Industry (Long Service) Act 1997. The company maintains statutory registers of construction employers, workers, and self-employed participants; records service days across multiple employers; collects contributions; invests pooled funds; and pays long service entitlements (up to 13 weeks leave) when workers reach 2,600 days (~10 years) of recorded service. Governance sits with a board comprising an independent Chair, three employer-side directors, three worker-side directors, and a CEO — Mark Williams, appointed March 2023 after 28+ years in Tasmanian financial services, superannuation, and investment. Headquartered at 99 Bathurst Street, Hobart, with 11–50 employees.
The product surface is two online self-serve portals (Employer and Worker), plus the Self-Employed Worker Scheme, all built on the Formation Technology platform. The Employer Portal handles ABN-verified company registration, worker registration, monthly/quarterly return submission, and invoice payment; the Worker Portal lets workers view accrued service days, lodge unrecorded-service requests, upload interstate service statements, register as self-employed, and submit entitlement claims. A Service Day Tracking System centralises employment records across employers, and a National Reciprocal Agreement layer connects TasBuild to the seven other Australian state and territory schemes (ACT Leave, NT Build, SA PLSL, MyLeave WA, NSW Long Service Corporation, QLeave, LeavePlus VIC). Self-employed participants pay quarterly tiered contributions ($160, $190, or $250) with automated interest accrual at 75% of monthly investment performance when positive or 100% when negative.
TasBuild is funded primarily by mandatory employer contributions of 2.5% of ordinary pay (discounted to 1.8% for on-time lodgement), voluntary self-employed contributions, and investment income on the pooled fund. The scheme is structured as a non-profit statutory trust: the bulk of contributions are held as reserves against future entitlements. The go-to-market motion is purely compliance-driven — there is no commercial sales force — with employer registration mandated by law, field officers supporting on-site compliance, and a self-serve website (tasbuild.com.au, built by Kings Digital) serving as the primary information channel, supplemented by educational YouTube content.
TasBuild firmographics
Firmographics- Name
- TasBuild
- Legal name
- TasBuild Limited
- Website
- https://tasbuild.com.au
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- TasBuild is the Tasmanian Government-appointed private trustee administering the state's mandatory portable long service leave scheme for construction industry employers, workers, and self-employed participants under the Construction Industry (Long Service) Act 1997.
- Ownership category
- akta.pro rank
TasBuild industry classification
Industry- Product category
- Long Service Leave Administration
- akta.pro primary industry
- Fiduciary Agency & Trustee-for-Hire Services (FSAAANAL)
- akta.pro secondary industry
- Employee Benefit & Retirement Plan Trust Services (FSAAANAC)
Keywords
Where TasBuild is headquartered
LocationHeadquarters
- HQ city
- Hobart
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
TasBuild business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Employer Contributions: Mandatory contributions from employers in the construction industry calculated as 2.5% of ordinary pay for relevant employment. Employers who lodge returns and pay invoices by due dates receive a discounted rate of 1.8%. This is the primary revenue stream funding the portable long service leave scheme.
- Self-Employed Worker Contributions: Voluntary quarterly contributions from self-employed construction workers at three tiered rates ($160, $190, or $250 per quarter). Upon reaching 10-year entitlement, workers receive contributions plus accumulated interest. If they withdraw before entitlement, contributions are refunded without interest.
- Investment Income: Employer contributions are pooled and invested to generate investment income and growth. This ensures sufficient funds are available to pay worker entitlements and allows maintenance of the lowest possible employer contribution rate.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Standard employer contribution rate |
| Subscription | Monthly | Discounted employer contribution rate |
| Subscription | Quarterly | Self-employed tier 1 contribution |
| Subscription | Quarterly | Self-employed tier 2 contribution |
| Subscription | Quarterly | Self-employed tier 3 contribution |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
TasBuild product offering
Product offeringCore offering
TasBuild is a private trustee company appointed by the Tasmanian Government to administer the state's Portable Long Service Leave Scheme for the construction industry under the Construction Industry (Long Service) Act 1997. It records workers' service days across multiple employers, collects statutory contributions from employers, invests pooled funds, and pays long service leave entitlements to workers who reach 2,600 days (approximately 10 years) of recorded service.
Product overview
TasBuild is a private trustee company managing Tasmania's Portable Long Service Leave Scheme for the construction industry. The company operates a unified platform consisting of an Employer Portal and a Worker Portal, which together enable the recording of service days across multiple employers, collection of employer contributions, investment of funds, and payment of long service entitlements. A Self-Employed Worker Scheme is integrated to allow self-employed workers to maintain continuity of entitlements when transitioning away from employment. The Employer Portal handles worker registration, return submissions, and contribution payments, while the Worker Portal enables workers to track service accrual, manage personal details, and claim entitlements. All components operate under the Construction Industry (Long Service) Act 1997 and are governed by Fund Rules updated annually.
Differentiator
Problem solved
Functional benefit
Products and services
- Employer Portal Online portal enabling construction industry employers in Tasmania to register their entity (with ABN verification), submit monthly or quarterly returns reporting days worked and ordinary pay for relevant workers, and pay statutory contributions to the TasBuild Long Service Fund.
- Worker Portal Online portal enabling Tasmanian construction workers to register for online access, view accrued service days across multiple employers, update personal details, lodge unrecorded service requests, register as self-employed, upload interstate service statements, and submit long service leave entitlement claims.
- Self-Employed Worker Scheme Voluntary scheme allowing self-employed construction workers in Tasmania to make quarterly contributions at tiered rates ($160, $190, or $250 per quarter depending on weekly wage tier) to accrue service days toward a combined 10-year (2,600 days) long service leave entitlement and protect previously accrued employed service benefits when transitioning to self-employment.
- Portable Long Service Leave Administration Service Core administrative service managing the Portable Long Service Leave Scheme for the Tasmanian construction industry under the Construction Industry (Long Service) Act 1997, including maintaining registers of employers and workers, recording service days across multiple employers, collecting employer contributions, investing pooled funds, and processing entitlement payments of up to 13 weeks of leave on reaching 2,600 days of recorded relevant employment.
Quantifiable outcome
- Up to 13 weeks of long service leave funded for construction workers
- +1 more outcomes
Companies that use TasBuild
Customer profileSegments3 records
Ideal customer profiles3 records
TasBuild technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
TasBuild partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- ACT LeavecoreACT Leave manages the portable long service scheme for the Australian Capital Territory. A National Reciprocal Agreement (NRA) exists allowing service recognition between schemes so workers can combine interstate service toward entitlements in either jurisdiction.
- NT BuildcoreNT Build administers the portable long service scheme for the Northern Territory construction industry. Interstate service can be used to reach entitlements under the NRA arrangement.
- Portable Long Service Leave (South Australia)coreSouth Australia's Portable Long Service Leave scheme for the building and construction industry participates in the National Reciprocal Agreement enabling interstate service recognition.
- MyLeave (Western Australia)coreMyLeave manages Western Australia's portable long service leave for the building and construction industry under the NRA arrangement for interstate service recognition.
- Long Service Corporation (New South Wales)coreNSW Long Service Corporation administers the State's portable long service scheme and participates in the NRA enabling workers to transfer and combine service between jurisdictions.
- QLeave (Queensland)coreQLeave manages Queensland's portable long service leave scheme for the building and construction industry, participating in the National Reciprocal Agreement for interstate service portability.
- LeavePlus (Victoria)coreLeavePlus administers Victoria's portable long service leave scheme for the building and construction industry under the NRA for interstate service recognition.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
TasBuild competitors and assessment
Company assessmentDirect peers
- MyLeave (Western Australia): Manages Western Australia's portable long service leave scheme for the building and construction industry under the NRA. Directly comparable statutory trustee model serving WA construction industry employers and workers.
- LeavePlus (Victoria): Administers Victoria's portable long service leave scheme for the building and construction industry under the National Reciprocal Agreement. Operates the same statutory trustee model as TasBuild, with similar employer contribution structure and worker entitlement framework.
- ACT Leave: Manages the ACT's portable long service leave scheme and is the closest geographic analogue to TasBuild in scale. NRA partner offering the same statutory trustee services for construction industry employers and workers in a small jurisdiction.
- QLeave (Queensland): Administers Queensland's portable long service leave scheme for the building and construction industry. Operates an equivalent statutory trustee structure to TasBuild under Queensland legislation and participates in the NRA.
- NT Build (Northern Territory): Administers the Northern Territory's portable long service leave scheme for the construction industry. NRA partner with TasBuild and operates the same statutory trustee model for a small-jurisdiction construction workforce.
- Portable Long Service Leave Authority (South Australia): South Australia's statutory body administering portable long service leave for the building and construction industry under the Construction Industry Long Service Leave Act. NRA partner offering the same employer contribution and worker entitlement framework.
- Long Service Corporation (New South Wales): NSW's portable long service scheme administrator operating under the Building and Construction Industry Long Service Payments Act. Largest of the state-based schemes, providing a scaled reference point for the same statutory trustee model TasBuild operates.
Broad incumbents
- Perpetual Limited: ASX-listed provider of trustee, wealth management, and corporate trust services in Australia. Operates as a professional trustee under Australian regulatory frameworks, comparable in fiduciary capability though serving a much broader and wealthier client base than TasBuild's statutory construction scheme.
- Equity Trustees: Australian public-listed trustee company providing a broad range of fiduciary, estate, and superannuation trustee services. Comparable as a professional trustee operating under Australian trust law, though not specialised in construction industry long service leave schemes.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
TasBuild social profiles
Digital presenceTasBuild financial estimates
Financial estimateRevenue estimate
Valuation estimate
TasBuild leadership team
Management profileNumber of profiles
Profiles8 records
TasBuild funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TasBuild M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TasBuild
What does TasBuild do?
TasBuild is a private trustee company appointed by the Tasmanian Government to administer the state's Portable Long Service Leave Scheme for the construction industry under the Construction Industry (Long Service) Act 1997. It records workers' service days across multiple employers, collects statutory contributions from employers, invests pooled funds, and pays long service leave entitlements to workers who reach 2,600 days (approximately 10 years) of recorded service.
Is TasBuild a public or private company?
TasBuild is a private company. It is classified as unknown and is currently operating.
When was TasBuild founded?
TasBuild was founded in 1997. It employs 11 to 50 people.
Where is TasBuild based?
TasBuild is headquartered in Hobart, Australia, in the Oceania region.
How does TasBuild make money?
Three revenue lines are on record. Employer Contributions are the primary driver. The others are self-Employed Worker Contributions and investment Income.
Who are TasBuild's main competitors?
Direct peers on record are MyLeave (Western Australia), LeavePlus (Victoria), ACT Leave, QLeave (Queensland), NT Build (Northern Territory), Portable Long Service Leave Authority (South Australia) and Long Service Corporation (New South Wales). Broad incumbents are Perpetual Limited and Equity Trustees.
Does TasBuild have an API?
No public API is recorded for TasBuild.
What industry is TasBuild in?
TasBuild's product category is Long Service Leave Administration. Its primary akta.pro industry code is FSAAANAL, Fiduciary Agency & Trustee-for-Hire Services, with a secondary code of FSAAANAC, Employee Benefit & Retirement Plan Trust Services.