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31 Jul 2015 / Australia, Melbourne

New tariff schedule released

The Port of Melbourne Corporation (PoMC) has released its 2015-16 Reference Tariff Schedule (RTS) for port charges which will apply from 1 July 2015. After considering feedback from stakeholders in response to the Industry Information Paper released in March 2015, PoMC can advise that the overall increase in its fees and charges has been capped at CPI of 2.75% in line with the CPI rate used in the 2015-16 Victorian State Budget. In determining the price adjustment for 2015-16, PoMC has taken into consideration a range of factors including industry cost pressures and subdued trading conditions. To limit the RTS adjustment, PoMC will absorb the forecast under-recovery of the Port Licence Fee (PLF) of around $1 million which will not flow through to the new tariff charges. PoMC's harmonisation strategy for wharfage tariffs applied to the import and export of bulk liquid cargo through the Port of Melbourne concludes in 2015-16 with one standard rate for bulk liquid cargo of $4.02 (plus GST) per tonne or cubic metre applicable from 1 July 2015. The prices outlined in the RTS, together with the Essential Services Commission�s regulatory regime, will remain in place for the financial year 2015-16. PoMC values the contribution made by the liquid bulk industry to the Port of Melbourne and will continue to work with the industry to meet its requirements. A copy of PoMC's 2015-16 RTS is available on PoMC's website: www.portofmelbourne.com (For information about operations in Australia contact GAC Australia at [email protected]) Source: Port of Melbourne Corporation notice

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