On 11 June 1998, Hobart airport was privatised, with a 99-year lease purchased by Hobart International Airport Pty Ltd, a Tasmanian Government-owned company operated by the Hobart Ports Corporation [REF].
In December 2007, the Tasmanian Government sold the Tasmanian Ports Corporation-owned subsidiary for A$350 million to the Tasmanian Gateway Consortium, a private consortium made up of Macquarie Capital (one of Macquarie Group's infrastructure funds) and Tasmania's public sector superannuation fund, the Retirement Benefits Fund [REF].