Commonwealth Numbered Regulations - Explanatory Statements

[Index] [Search] [Download] [Related Items] [Help]

MARINE NAVIGATION LEVY REGULATIONS (AMENDMENT) 1998 NO. 11

STATUTORY RULES 1998 NO. 11

Issued by the Authority of the Minister for Workplace Relations and Small Business

Marine Navigation Levy Act 1989

Marine Navigation Levy Regulations (Amendment)

Subsection 7(2) of the Marine Navigation Levy Act 1989 as amended by regulation 4 of the Marine Navigation Levy Regulations prescribes the following rates of levy:

(a)       42 cents, or such other amount (if any) as is from time to time prescribed, for each of the first 5,000 tons of the ship's tonnage;

33.5 cents, or such other amount (if any) as is from time to time prescribed, for each ton by which the ship's tonnage is more than 5,000 tons but not more than 20,000 tons;

(c)       12.5 cents, or such other amount (if any) as is from time to time prescribed, for each ton by which the ship's tonnage is more than 20,000 tons but not more than 50,000 tons;

(d)       5.5 cents, or such other amount (if any) as is from time to time prescribed, for each ton by which the ship's tonnage is more than 50,000 tons.

The regulation reduces the incremental rate applied to all vessels over 5,000 tons by reducing the amount of 33.5 cents prescribed under paragraph 7(2)(b) to 30 cents. For vessels less than 5,000 tons the rate of levy is unchanged. It is estimated that the reduction will represent a continuing saving to the shipping industry of about $1.66 million per annum.

Details of the regulations are:

Regulation 1 provides that the regulations commence on 11 February 1998.

Regulation 2 provides for amendment of the regulations as set out in regulation 3.

Regulation 3 provides for the incremental amount of levy prescribed in subregulation 4(2) to be reduced for ships over 5,000 tons.