delete Seamen's Compensation Regulations (Amendment)
Amendment to Seamen's Compensation Regulations establishing a no-fault compensation scheme for Australian seafarers, providing weekly payments, medical expense coverage, and rehabilitation services for work-related injuries, funded by employer contributions and administered by government.
Government-mandated compensation supplants private insurance markets, imposes significant compliance costs on maritime employers, creates moral hazard by decoupling benefits from fault, and reduces industry competitiveness. Seafarers and employers could negotiate tailored coverage through voluntary contracts, achieving comparable protection at lower cost and with greater flexibility.