The TMG entry fee is the same for all participants and is set by the Tasmanian Masters Games organising committee. This Games fee component is directed towards the operational costs of staging the event, to ensure a well conducted event for all competitors. This includes the overall Games costs such as the opening & closing ceremonies, centralised services such as accreditation, staffing, etc.

The sport entry fee is paid by all participants in addition to the Games entry fee and differs by sport and/or event. This fee is set by the sport organiser, and goes towards the costs of conducting the individual sport competition, including venue hire, equipment and timing costs, etc.