Shipping Matters



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    The Minister for Transport and Infrastructure Anthony Albanese MP yesterday introduced into Parliament 5 bills to reform Australian Shipping.

    On 20 February 2012 the Federal Treasury released draft legislation to enact the tax reforms for the Australian Shipping Industry.  The reforms are part of a package intended to stimulate the industry and create an internationally competitive industry.
     

     

    The Australian Government has released draft legislation to enact the tax reforms for the Australian Shipping Industry announced last year.

    The reforms are part of a package intended to stimulate the industry and create an internationally competitive industry.

    It is expected that from 30 January 2010 shipowners that do not register their interest in a vessel (under the Personal Property Security Legislation), that is bareboat leased to an Australian based operation will have their ownership in the asset exposed and can potentially lose title over the vessel
    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.


    Following the government’s announcement on the proposed Carbon Tax scheme from 1 July 2012, the rate of fuel tax credits on the acquisition of eligible fuel used in marine transport activities will be reduced. In 2012-3 the fuel credit for diesel used in marine transport will be reduced by more than 6 cents per litre.
    The Australian Labour Government released a discussion paper on “Reforming Australia’s Shipping Industry”. The paper examines shipping and seafarers taxes, tonnage tax, International and Coastal Shipping
    The Government today announced sweeping changes to Australian shipping policy designed to stimulate Australian shipping

    Shippers deserve more credit

    On the 7 April 2008 Assistant Treasurer and Minister for Competition Policy and Consumer Affairs, Chris Bowen, released exposure draft legislation and commentary for the Carbon Pollution Reduction Scheme (CPRS) Fuel Tax Adjustment Arrangements (the “draft legislation”).
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