It is/was the best place in Australia to fly a helicopter around. Hobart is a fantastic place to live and the police and ambulance staff associated with the helicopter are as good as any in Australia.
Credit where it's due, RC has an impressive facility.
I believe(but stand corrected) the contract is due for renewal in August. I'm not sure if it was a 4/5 year contract. It started in 2000.
Heli-Res would obviously have their eye on this one...should make for some agressive tendering.