Limitation of Liability for Maritime Claims Amendment Bill 2015

  

        hi guys welcome back to my channel so today in this article I would like to continue my previous article entitled limitation of liability for maritime claims Amendment bill 2015. Commonwealth response one effect of the limitation degree was the the Commonwealth government identified a need for a high higher level of compensation to be paid given the key between the limitation amount and the overall cause of the cleanup it was recognized that the liability limits as provided for inconvention or limitation of liability for maritime claims were insufficient to address incident of this magnitude in order to bridge the funding Gap from 1 April 2010 the amount of the shipping Levy collected under the protections of the sea or shipping Levy act 1981 was increased from 10 11 .25 cents to for thin 0.25 cents per net register tone to increase amount of the shipping Levy was direct to this Queensland government to defray its cleanup cost in his address to the international Maritime organization general assembly in London in December 2008 Minister for infrastructure transport Regional development and local government Mr Albanese took the opportunity to impress on the global Shipping Community the importance of visiting the existing compensation liability limits the Australian delegation to the legal commit of the international Maritime organization food for resolution to this event over a number of session of local commit in April 2012. the solution was adopted by legal commit on 19 April 2010 2012. raising from the resolution are new limits with which will enter into force on 8th June 2015. there is 36 months from the date of notification of the adoption under the acid acceptance procedure the bill operates so that the new limits will be part of Australian law from that day the limits have increased by approximately 50 percent in the context of the Pacific Adventures Bill had the new limits been in place the level of liability would have been about 26 million dollar rather than 17 million dollars commit consideration amid of the selection of fields all its meeting of for March 2015 is an extending commit for the section two bills of Bill resolve to recommend the bill not be referred to commit for inquiry and Report Cena standing commit for the sick scrutiny of pills this understanding commit for the scrutiny of Bill said no comment on the bill statement of compatibility with human right as required under part 3 of the human right [Music] 2011 the government has a set of bills compatibility with the human rights and freedom recognize or declare in the international instrument listed in Section 3 of the ACT the government considers that the bill is compatible the Parliamentary joint commit on human rights consider that abuse does not raise human right concern policy positions of non-government parties or independent at the time of reading the first tickets neither members of non-government parties know dependent had commented on the bill position of major interest groups at the time of writing that this bill's tickets no stakeholders come and have been identified Financial implication table does not give rise to any course on the Commonwealth there is likely to be an increase in cost for shipping companies 

        however according to the explanatory murmur and Dundas will be manageable because liability limits support commercial availability of insurance to cover the risk insurance for the global shipping industry is organized through Insurance pools whereby premiums respond to calls on those Insurance pools rather than fluctuating as a direct result of increases in liability limits premiums will increase in the aftermath of a significant incident but shipping companies advise that channeling liability through a global keeps Camp support the availability of insurance and the polluter based principle key issues and profession Atom 1 of the bill repeal and replaces the definition of convention in soup Section 3 of the limitation of liability for maritime claims act to update the drafting so that the convention on limitation of liability for maritime claim 1976 10 at London on 19 November 1976 as amended by the 1996 protocol has force in awful law in Australia item 2 of the bill insert the definition of the 1996 protocol into subsection 3. part one of the limitation of liability for maritime claims Act the definition reflects as the amendment made by result resolution leg 5.99 in 19 April 2012 to the liability limits item 3 of the bill inserted tax of resolution as scheduled due to the limitation of liability for maritime claims Act members senators and parliamentary staff can obtain food information from the Parliamentary Library on zero two six two seven seven two five zero zero one limitation of liability for maritime claims at convention or limitation of liability for maritime claims 1976 as affected by the 1996 protocol to amend the convention 10 at London and on to me 1996 2004 ATS 16 enter into first 30 May 2004. Creative Commons with the exceptions of the Commonwealth code of arms and to extend the copyright substance unit or Rd this propagation is local and its phone page designer recent set under a creative amounts attribution non-commercial to derived 3.0 Australia lessons in a century of free to copy and communicate this work and hearing from all commercial purposes as long as you attribute to work to the author and abide by the other lessons terms the law cannot be adapted almost you fight in any way contents from this publication should be attribute in the following way authors title of publication service name number publisher and date to the extent that copyright success in third particles it remains will be original owner and permission may be required to reuse the veteria so that's all the article don't forget to watch the previous part of and don't forget to like comment and subscribe bye

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