Part 1: Revenue Measures (continued)
Infrastructure and Regional Development
Protection of the Sea Levy — reduction
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The Government will reduce the Protection of the Sea Levy (PSL) from 14.25 cents to 11.25 cents per net registered tonne for defined vessels on an ongoing basis from 1 July 2014. This is estimated to reduce revenue by $39.0 million over four years from 2014‑15.
The PSL was increased from 11.25 cents to 14.25 cents, with effect from 1 April 2010, to recover the pollution‑related clean‑up costs in excess of the amount paid by the Pacific Adventurer shipowner. It was retained at 14.25 cents in the 2013‑14 Budget to allow the Australian Maritime Safety Authority to establish a $10.0 million pollution response reserve and implement the upgrade and modernisation of the national stockpile of oil and chemical spill equipment. These activities are now complete.
See also the related expense measure titled Protection of the Sea Levy — reduction — offsetting savings in the Infrastructure and Regional Development portfolio.