Pressure is rising on the Liberal Party over its funds scandal, with Labor asking for a cover-up of a $48,000 debt in Tasmania to be investigated by the Australian Electoral Commission.

The personal debt was incurred by disgraced former party director, Damien Mantach, while he held the job in Tasmania.

Tasmanian Labor leader Bryan Green Credit:Paul Scambler/The Examiner

Mr Mantach's debt was repaid in full in 2008 before he left, later to take on the same role in Victoria and allegedly embezzle $1.5 million.

Party figures have since traded accusations over the original debt, the re-engagement of Mr Mantach, and Liberal financial governance during his employment in Victoria.