Jeremy Rockliff received parliament's green light to continue governing on Tuesday afternoon when a Labor bid to seize power via a no-confidence motion fell spectacularly flat.
Neither the Liberals (14 seats) or Labor (10) reached the required 18 seats needed for majority at the July 19 election.
Labor, which has been in opposition for 11 years, tried to unseat Mr Rockliff as premier and install its leader Dean Winter in the role on parliament's first day back.
But none of the cross bench, which includes five Greens, five independents and one Shooters, Fishers and Farmers MP, backed Mr Winter's motion.
Several crossbenchers lashed Mr Winter for a lack of compromise during negotiations and for still moving a motion that was doomed to fail after the Greens ruled out support on Monday.
The Greens and several independents noted they lacked faith in the Liberals, but has less faith that Labor could form a workable government.
First-term independent and former journalist Peter George said Labor had undermined the very notion of collaboration by not shifting on any of its policies.
"In my years of reporting politics, which stretch back to the Whitlam years, never have I come across an opposition party less ready for government," he said.
Labor received its worst primary vote in more than a century at the election and suffered a 3.1 per cent swing against it.
Mr Rockliff, who has presided over a minority government since 2023, said MPs had learnt a lot in recent weeks.
"The time to get on with the job, to work together in the best interests of Tasmania, starts right now," he said.
The Liberals made several policy concessions to a largely progressive cross bench, including a ban on greyhound racing and a review examining the state's salmon industry.
Mr Winter accused Mr Rockliff of selling out jobs and doing anything to stay in power.
Mr Rockliff defended the concessions as an acknowledgement of the minority situation.
The snap election, Tasmania's fourth in seven years, was triggered after Mr Rockliff lost a no-confidence motion in June criticising the state's ballooning budget debt.
The Greens offered at that point to work with Labor to form government, but Mr Winter refused.