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Cradle Mountain is a remote place and it's not easy to get there by public transport.
Tassielink Bus Company has a service on Monday, Wednesday, Thursday and Saturday to Cradle Mountain from Launceston, via Deloraine, Devonport, Sheffield and Gowrie Park: http://www.tassielink.com.au/timetabl...
It also has an irregular and lengthy service from Hobart via Queenstown (involving an overnight stay at Queenstown) twice per week. Travel via Launceston is quicker.