The Prime Minister was in Tasmania to sign the Launceston City Deal with Premier WIll Hodgman and mayor Albert van Zetten - but what does this mean and what is a City Deal?
Reporter Holly Monery explains.
- Launceston City Deal widely welcomed
- Launceston City Deal signed by Malcolm Turnbull, Will Hodgman and Albert van Zetten | Photos, video
- Prime Minister Malcolm Turnbull in Launceston on Thursday