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International trade and transport stakeholders are impacted by the following Budget measures:
– improved trade and passenger facilitation by implementing more efficient processes;
– better targeting and interception of illegal trade and travellers through enhanced Information Communication Technology systems, intelligence and enforcement capability; and
– strengthened integrity and capability of the border workforce.
The cost of this measure will be met from within the existing resources of the Immigration and Border Protection portfolio and improved revenue collection of $208.2 million over four years ($346.6 million over six years) through the use of analytics and detailed data modelling, new processes for revenue collection and targeted campaigns to improve compliance.
– $5.0 billion over five years towards the Asset Recycling Initiative which provides incentive payments to encourage the states and territories to sell assets and recycle the sale proceeds into new productivity-enhancing infrastructure.
– $3.7 billion for targeted infrastructure investments to deliver priority infrastructure projects and upgrades including:
– accelerating work on major projects such as Melbourne’s East West Link – Western Section, Adelaide’s North South Corridor, the Perth Freight Link, Toowoomba Second Range Crossing, as well as projects on the National Land Transport Network in the Northern Territory
The Australian Logistics Council Managing Director, Michael Kilgariff, said “The projects outlined in the 2014-2015 Budget will go a long way to increasing capacity on existing freight routes and supporting the construction of new infrastructure, and are welcomed by Australia’s freight logistics industry. Limited public funds need to be targeted at infrastructure projects which are in the national interest and have broad and lasting economic and social benefits. The projects being funded in this budget, including East West Link, West Connex, the Perth freight link, supporting works for an airport at Badgery’s Creek and freight rail projects, are productivity-enhancing initiatives and are supported by ALC.”
Established in 1917, Clarke Global Logistics is a reputable Australian Customs Broker and Freight Forwarder; offering a totally integrated trade service both locally and globally.