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Shipping Reform
New coastal shipping arrangements are due to come into effect on 1 July 2012. The Bills that form the Stronger Shipping for a Stronger Economy reform agenda were introduced into Parliament on 22 March 2012. The Bills include:
- Shipping Reform (Tax Incentives) Bill—to provide for conditions for vessels to access the tax exemption and other tax concessions;
- Tax Laws Amendment (Shipping Reform) Bill(s)—cognate legislation amending the Income Tax Assessment Acts to give effect to the tax exemption and other tax concessions;
- Shipping Registration Amendment (Australian International Shipping Register) Bill—to establish the new international shipping register, and provide for its operation, administration and employment conditions;
- Coastal Trading (Revitalising Australian Shipping) Bill—to replace Part VI of the Navigation Act 1912 and establish a new regulatory framework and licensing system for vessels engaged in coastal trading in Australian waters; and
- Coastal Trading (Consequential Amendments and Transitional Provisions) Bill—to consequentially amend existing relevant legislation to ensure consistency with the new regime, and to provide for transitional arrangements.
On 22 March 2012 the Bills were referred to:
- Senate Economics Legislation Committee
- House Standing Committee on Infrastructure and Communications
The reports are due to be released by these Committees progressively over the next two months.
The progress of the Bills through Parliament may be tracked by accessing the APH website, at http://www.aph.gov.au/ and opening the Bills tab and selecting the title of the Bill.
Copies of the Bills can be accessed below:
- Shipping Reform (Tax Incentives) Bill 2012 [
PDF: 60 KB] - Tax Laws Amendment (Shipping Reform) Bill(s) 2012 [PDF: 55 KB]
- Shipping Registration Amendment (Australian International Shipping Register) Bill 2012 [PDF: 133 KB]
- Coastal Trading (Revitalising Australian Shipping) Bill 2012 [PDF: 171 KB]
- Coastal Trading (Consequential Amendments and Transitional Provisions) Bill 2012 [PDF: 51 KB]
The Department of Infrastructure and Transport is currently drafting of the associated regulations for each of the Bills. Consultation with stakeholders on what is to be expected from 1 July under the new legislative arrangements will commence mid-May. In the meantime, the Department is happy to continue liaising with industry regarding any concerns.
Submissions on Exposure Drafts of Bills
Shipping Reform (Tax Incentives) and Tax Laws Amendment (Shipping Reform) Bills
- Taxation Measures Exposure Draft Stakeholder Discussion Paper and feedback form
[
DOC: 999 KB] - Exposure Draft Shipping Reform (Tax Incentives) Bill
[DOC: 164 KB] [PDF: 60 KB]
- Explanatory Memorandum Shipping Reform (Tax Incentives) Bill [DOC: 109 KB]
- Treasury Exposure Draft tax legislation
Shipping Registration (Australian International Shipping Register) Bill
- AISR Exposure Draft Stakeholder Discussion Paper and feedback form
[DOC: 7309 KB] - Exposure Draft Shipping Registration (AISR) Bill [DOC: 249 KB] [PDF: 129 KB]
2nd Exposure Draft Coastal Trading (Revitalising Australian Shipping) Bill
- Coastal Trading Exposure Draft Stakeholder Discussion Paper and feedback form
[DOC: 1009 KB] - 2nd Exposure Draft Coastal Trading (Revitalising Australian Shipping) Bill
[DOC: 368 KB] [PDF: 224 KB] - 2nd Exposure Draft Coastal Trading Consequential Bill [DOC: 148 KB] [PDF: 103 KB]
Supporting Documents
Coastal Trading 1st Exposure Draft
- Exposure Draft Stakeholder Discussion Paper [DOC: 879 KB]
- Exposure Draft Coastal Trading Bill [DOC: 264 KB] [PDF: 253 KB]
- Exposure Draft Coastal Trading Consequential [DOC: 116 KB] [PDF: 44 KB]
- Submissions Coastal Trading Bill Exposure Draft
Other Supporting Documents
- Regulation Impact Statement [PDF: 1341 KB] [DOC: 540 KB]
- Brochure released on 9 September 2011
- Print layout version [PDF: 1356 KB]
- Read layout version [PDF: 1935 KB]
- Word version [DOC: 35 KB]
- Print layout version [
- Minister for Infrastructure and Transport Media Release on 9 September 2011
- Minister for Infrastructure and Transport Speech on 9 September 2011
- Submissions in response to the Discussion Paper released on 1 December 2010
- Discussion Paper for Stakeholder Consultation released on 1 December 2010
[PDF: 231 KB][DOC: 96 KB] - Minister for Infrastructure and Transport Speech on 1 December 2010
PDF: In order to download or print PDF versions of documents, you need to have Adobe Reader installed. If you do not have Adobe Reader installed, download the installer from the Adobe Reader web page and then install the Reader before continuing.
DOC, RTF: To view a Microsoft Word file, you need to have Microsoft Word or Word Viewer installed on the computer. If you do not have the necessary software installed, you can download Microsoft Word Viewer free of charge from the Microsoft website.
Disclaimer: The compatible application(s) listed above are examples only. The Department of Infrastructure and Transport does not endorse any particular software developer or specific application.
