keep Navigation (Load-lines) Regulations
Navigation (Load-lines) Regulations implement international maritime safety conventions requiring vessels to display load line marks indicating maximum safe loading depths. They establish survey and certification requirements for commercial vessels, enforce penalties for overloading, and apply to Australian-flagged ships and foreign vessels in Australian waters.
Load line regulations address genuine maritime externalities — overloaded ships that sink create hazards for other vessels, pollute coastlines, and impose massive search/rescue costs on the public. Without such rules, ship owners would underinvest in safety since they capture profits but socialise disaster costs. However, this instrument warrants significant compliance burden review — particularly whether survey and certification processes are unnecessarily duplicative with international conventions, and whether fees imposed are proportionate to safety benefits achieved.