In 2018, AMSA assumed full responsibility for regulating the domestic commercial vessel industry. Since that time its regulatory-based functions have been funded by a combination of the Australian Government, and States and Northern Territory contributions.
AMSA will receive an additional $15.3 million in interim funding from the Australian Government to supplement its operations for 2023-24 while the National Law Review is completed, and the Australian Government considers its recommendations.
This means domestic commercial vessel owners and operators will not pay a levy for the first 6 years of regulatory services under AMSA until at least 2024-25.
Meanwhile, fees for all domestic commercial vessel services will continue to apply, and these are annually indexed.
Read Budget Paper No. 2, Page 184 of 2023-24 Commonwealth Budget.