The one-term Liberal government of Premier Angus Bethune had collapsed following the withdrawal of support by Kevin Lyons. The opposition Labor Party, led by Eric Reece, gained a clear majority and won the election.
The 1969 election had resulted in a hung parliament, with the deadlock broken when Kevin Lyons of the Centre Party formed a coalition government with Angus Bethune's Liberal Party. On 15 March 1972, Lyons resigned as Deputy Premier and effectively dissolved the Liberal-Centre coalition.[2] The resulting instability triggered an election.
The Liberals lost three seats, giving Labor a clear majority. Eric Reece was sworn in as Premier of Tasmania for a second time on 3 May 1972. Eric Reece also received the highest personal vote ever in Braddon, gaining 14,790 votes, or 35.4% of the vote.
The United Tasmania Group gained a respectable 3.9% of the vote, failing to gain a seat in the parliament and to stop the damming of Lake Pedder, but their efforts paved the way for the Tasmanian Greens to become a significant force in Tasmanian politics.