The squadron was formed in September 2001 and has the role of training Tasmanian RAAF reservists for air base protection tasks.

29 Squadron was formed in Hobart on 1 September 2001 as part of the Royal Australian Air Force's Combat Reserve Wing.

[3] On 1 January 2006 the squadron's parent unit was redesignated Reserve Training Wing RAAF.

[5] The current role of the squadron is to prepare reservists for air base defence tasks, and to provide personnel for the reinforcement of other RAAF units when required.

29 Squadron is currently based at Anglesea Barracks near Hobart's central business district.