delete Navigation (Limitation of Shipowners' Liability) Regulations (Amendment)
Amends the Navigation (Limitation of Shipowners' Liability) Regulations to update liability limits for shipowners, aligning with international conventions to ensure Australian maritime law remains consistent with global standards.
The costs of maintaining outdated regulations that align with international conventions are high, especially when they impose unnecessary burdens on domestic shipowners. The regulation creates a compliance maze and may distort incentives, reducing the competitiveness of Australian maritime industry. It is better to rely on global standards without duplicative domestic regulations.