May 10, 2011

Delivering Historic Transport Reforms

Delivering Historic Transport Reforms

The Hon Anthony Albanese MP

Minister for Infrastructure & Transport

Leader of the House

Federal Member for Grayndler

May 10 2011

Australia’s transport industry will benefit from major regulatory reforms, through a $25.3 million investment over two years in this Budget.

After more than a century of competing regulations and standards, this funding will move Australia closer to one set of modern, nation-wide laws covering maritime safety, rail safety and heavy vehicles.

Following their implementation in 2013, these reforms will improve safety, simplify the compliance task for transport operators and boost national income by up to $30 billion over the next 20 years. The number of regulators will be reduced from 23 to just three.

The new funding in the 2011-12 Budget builds on the $8.3 million provided in 2010-11 and will be used to complete the:

Ć Establishment of a new Brisbane-based national heavy vehicle regulator with responsibility for registration and aligning regulations applying to trucks and buses over 4.5 tonnes;

ƒÜ Establishment of a new national rail safety regulator in Adelaide with oversight of the country’s urban passenger rail networks and interstate freight operations. The Australian Transport Safety Bureau (ATSB) will become the national investigator of rail accidents;

ƒÜ Extension of the Australian Maritime Safety Authority’s (AMSA) regulatory responsibilities to cover all commercial vessels, not just those involved in interstate and international trade.

These reforms will help to establish a seamless national economy, and will assist transport operators to keep supermarket shelves full and get our exports to overseas markets.

The funding in the Budget implements the reforms developed in cooperation with state and territory governments and formally approved by the Council of Australian Governments in December 2009.