The Council of the Ageing marked the day with Tasmania's Walk Against Elder Abuse, with walks taking place in both Launceston and Hobart on Friday morning.

Elder abuse can take various forms including physical, psychological, emotional or financial abuse as the result of intentional or unintentional neglect.

Human Services Minister Roger Jaensch said elder abuse, in any form, was not okay.

"It is one of the worst manifestations of ageism and inequality in our society," Mr Jaensch said.

The updated strategy aims to prevent elder abuse in Tasmania by building on an earlier strategy implemented by the state in January 2011 which established the Tasmanian Elder Abuse Helpline and included service provider education and training.

"The updated strategy has been developed with supporting actions to ensure that we are raising awareness of elder abuse, and responding appropriately to it, by educating and providing services that respond to the issue of elder abuse," Mr Jaensch said.

"The future focus of the strategy will be on safeguarding the elderly and working across government and the community to determine the best way we can protect older Tasmanians from abuse and harm."

The strategy is supported by $850,000 in the 2019-20 state budget.

Anyone experiencing elder abuse is encouraged to call the Tasmanian Elder Abuse Hotline on 1800 44 11 69.