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HFW Briefing: Australian coastal trading update

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hfw shipping 22MAY2015

Australian coastal trading update

Further to our previous Briefings on coastal trading in which we have commented on the Australian Federal Government’s proposed changes to the current cabotage scheme administered under the Coastal Trading (Revitalising Australian Shipping) Act 2012, at an industry luncheon on Wednesday 20 May 2015, Deputy Prime Minister Warren Truss, Minister for Infrastructure and Regional Development, provided some further details on the proposed reforms which he said were part of the Government’s broader reform agenda.

Deputy Prime Minister Truss’ speech announcing the details of the proposed reforms was televised live by a national broadcaster. He described the reforms as being a high priority initiative for the Government given the obvious failure of the current scheme to provide much needed coastal freight support for Australian industry.
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