HFW Briefing: Troubled waters ahead? Australia to open up coastal trade to international shipping

by admin March 4, 2015

March 4, 2015 260 views

Troubled waters ahead? Australia to open up coastal trade to international shipping

In his election victory speech in September 2013, Prime Minister Abbott declared “Australia is under new management and is once more open for business”.

The high cost of shipping on Australian coastal trades that are regulated by federal cabotage legislation has been a constant thorn in the side of Australian business. On 8 April 2014, the Deputy Prime Minister and Minister for Infrastructure and Regional Development, the Hon Warren Truss MP, announced the release of an options paper on approaches to regulating coastal shipping in Australia directed at addressing the lack of competitiveness of Australian shipping.
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