PROTECTION OF THE SEA (SHIPPING LEVY) REGULATIONS (AMENDMENT) 1994 NO. 470

PROTECTION OF THE SEA (SHIPPING LEVY) REGULATIONS (AMENDMENT) 1994 NO. 470

STATUTORY RULES 1994 No. 470

Issued by the Authority of the Minister for Transport

Protection of the Sea (Shipping Levy) Act 1981

Protection of the Sea (Shipping Levy) Regulations (Amendment)

Section 6 of the Protection of the Sea (Shipping Levy) Act 1981 (the Act) provides that the rate of levy for a quarter is the rate prescribed. Section 9 of the Act provides that the Governor-General may make regulations for the purposes of section 6.

Regulation 3 of the Protection of the Sea (Shipping levy) Regulations (S.R. 1982 No. 227 as amended by 1984 No. 257, 1990 No. 429, 1993 No. 255) provides that the rate of levy is 4 cents per ton of the tonnage of the ship.

The regulation reduces the amount of levy to 3.5 cents per ton of the tonnage of the ship commencing on 1 January 1995. It is estimated that the lower charges will save the shipping industry about $0.5m per annum.

Details of the regulations are:

Regulation 1 provides that the regulations will commence on 1 January 1995.

Regulation 2 provides that the regulations are amended as provided for in regulation 3.

Regulation 3 provides that the rate of levy will be reduced from 4 cents to 3.5 cents per ton of the tonnage of the ship.