Document ID: chunk:federal_register_of_legislation:F2023L01253:reg:7
Version: federal_register_of_legislation:F2023L01253
Segment Type: reg
Provision Reference: reg 7
Character Range: 6377–8789

7  Management requirements
 (1) This section specifies requirements (management requirements) for the purposes of section 6 of the Act in relation to an entity for a vessel of the entity.
 (2) The entity must conduct in Australia:
 (a) crew management, in accordance with the requirements of subsection (3); and
 (b) at least one of the following:
 (i) strategic management, in accordance with the requirements of subsection (4);
 (ii) commercial management, in accordance with the requirements of subsection (5);
 (iii) technical management, in accordance with the requirements of subsection (6).

Crew management
 (3) For the purposes of paragraph (2)(a), the requirements are that the entity, either itself or through a third party, performs the following functions:
 (a) recruiting and employing persons as crew of the vessel;
 (b) paying the crew of the vessel;
 (c) otherwise managing the crew of the vessel.

Strategic management
 (4) For the purposes of subparagraph (2)(b)(i), the requirements are that the entity manages, and makes decisions that guide and control, the entity's business activities in Australia, including (but not limited to) the following:
 (a) making decisions about general policies, strategic direction, contract agreements and financial matters;
 (b) monitoring the entity's overall corporate performance, and reviewing the strategic direction of the entity on the basis of that performance.

Commercial management
 (5) For the purposes of subparagraph (2)(b)(ii), the requirements are that the entity manages the commercial activities of the vessel, performing functions including (but not limited to) the following:
 (a) planning the route for a voyage of the vessel;
 (b) taking bookings for the carriage of shipping cargo or shipping passengers on the vessel;
 (c) taking out insurance for the vessel;
 (d) managing finances relating to the vessel;
 (e) managing charter arrangements for the vessel.

Technical management
 (6) For the purposes of subparagraph (2)(b)(iii), the requirements are that the entity manages the day‑to‑day operation of the vessel, performing functions including (but not limited to) the following:
 (a) supervising the maintenance and repair of the vessel;
 (b) organising and managing provisions for the vessel, including fuelling of the vessel;
 (c) managing safety on board the vessel.

Part 3—Application, saving and transitional provisions