Revitalising Australian Shipping
The Australian Government's Stronger Shipping for a Stronger Economy shipping reform package is aimed at revitalising the Australian shipping industry and increasing the number of Australian-flagged vessels.
The shipping package is an integrated suite of reforms comprising four key elements:
- tax reforms to remove barriers to investment in Australian shipping and to foster the global competitiveness of the shipping industry;
- a strengthened and simplified regulatory framework with a transparent licensing regime supported by clearly stated objectives;
- the establishment of an Australian International Shipping Register to encourage Australian companies to participate in the international trades; and
- establishment of a Maritime Workforce Development Forum to progress key maritime skills and training priorities.