EXPLANATORY STATEMENT
Statutory Rules 1984 No. 466
Stevedoring Industry Levy (Rates of Levy) Regulations (Amendment)
(Issued by the Authority of the Minister for Employment and Industrial Relations)
The amendments to the Stevedoring Industry Levy (Rates of Levy) Regulations are designed to give effect to recommendations made by the Stevedoring Industry Finance Committee (the Committee) to the Minister with respect to the rate of levy prescribed for the purposes of Section 6 of the Stevedoring Industry Levy Act 1977 and with respect to the rate of levy prescribed for the purposes of Section 8 of the Act.
The Committee has recommended that the rate of the levy for the purposes of Section 6 of the Act be increased from 88 cents to $1.03 per bulk handling man-hour of employment and the rate of the levy for purposes of Section 8 of the Act be increased from 45 cents to 53 cents per tonne of overseas cargo loaded into or unloaded from ships. The third special rate of levy increase recommended by the Committee relates to local cargo rates and does not require a regulation. This increase will take effect automatically in accordance with section 7 of the Act once the increase in respect of overseas cargo is in place. The Committee has recommended that the increases are to operate from 1 January 1985.
The Committee has recommended that the existing levies be raised to enable funds to be generated for repayment of a loan taken out to fund obligations arising under a redundancy agreement applying in the stevedoring industry.
The amended regulations have effect from 1 January 1985.