Police were called to the scene about 2.15pm, after reports of a disturbance.

A man received serious, but non life-threatening abdominal injuries after he was allegedly wounded with a knife.

The victim was taken to the Launceston General Hospital by ambulance and is receiving medical treatment.

This was an isolated incident, and the alleged offender was quickly taken into custody.

Anyone with information should contact Launceston Police on 131 444 or report anonymously to Crime Stoppers on 1800 333 000 or online at crimestopperstas.com.au