Preservation Bay is a rural locality in the local government area (LGA) of Central Coast in the North-west and west LGA region of Tasmania.

The locality is about 16 kilometres (9.9 mi) north-west of the town of Ulverstone.

The 2021 census recorded a population of 100 for the state suburb of Preservation Bay.

[3] The waters of Preservation Bay, an inlet of Bass Strait, form the northern boundary.

The Western Railway Line passes through from north-east to north-west.