Significant reform to Australian shipping regime announced

The Australian Government has announced significant reforms for the Australian Shipping Industry. The reforms are intended to stimulate the industry and create an internationally competitive industry.


The reform comprises:

1.   tax exemption for qualifying activities by Australian shipping companies;
2.   simplified licensing for shipping activities;
3.   establishment of an Australian International Shipping register; and
4.   establishment of a Maritime Workforce Development Forum

These reforms build on the discussion paper and consultation process referred to in  Shipping Matters dated 8 December 2010. 



These reforms are welcome but without conclusion of the "compact" with the Labour movement may have little impact on cost competitiveness of Australian ships and very little impact on the Australian industry.