In addition, the Ministry of Economic Development has been given the specific task of reviewing the shipping exemption in the Commerce Act 1986. The Ministry of Economic Development is due to report in March 2001. In the Ministry of Transport review, New Zealand will no doubt have regard to development overseas. It may be that New Zealand's small and isolated situation requires a more light-handed approach than its neighbours. However, the recent protests by New Zealand shippers may not be so easy to silence.
Countries appear to be strengthening the enforcement provisions in their legislation.
The hearings in the review may well be of interest to all involved in shipping. It will be interesting to see a full review of New Zealand's law and practice in this area. In the current climate, opposing interests will no doubt have strong views on whether or not New Zealand should observe the status quo or update its regime. The draft legislation moved forward rapidly, receiving EC approval last month. The relevant statutory provisions come into force this month and are already being used to promote the benefits of registering vessels under the British flag.