Key outcomes from the 23 June 2022 Seacare Authority meeting
26 July 2022
The Seacare Authority met via videoconference on 23 June 2022. The key outcomes of the meeting are set out in this news item.
Seacare scheme matters
The Seacare Authority considered issues relating to scheme viability, coverage and a further tightening of the insurance market for scheme employers under the Seafarers Act.
Members noted an update on the Attorney-General’s Department review of the Seacare scheme and welcomed an opportunity to provide feedback on the draft review report when it became available.
Seafarers Safety Net Fund (Fund) – Levy rate
As agreed at its 25 November 2021 meeting, the Seacare Authority revisited its decision to recommend an increase the Fund levy rate to $65 per berth as of 1 April 2022. Members agreed that the levy rate should remain at $65 per berth and that this should be revisited on a 6-monthly basis.
Strategic risk management
The Seacare Authority considers its strategic risk register at each of its regular meetings, with a particular focus on the risk that the scheme may become unviable.
Members considered the impact of the insurance issues on the viability of the scheme, progress against actions taken to ensure the continued viability of the scheme and noted that it will continue to work with stakeholders on mitigation strategies.
Seacare Authority Corporate Plan 2022-23
The draft Corporate Plan for 2022-23 was considered and endorsed by the Seacare Authority. Members noted that this document will be submitted to the Minister for Finance by the end of August 2022 and published on the Seacare website shortly after.
The next meeting of the Seacare Authority will be held on 8 September 2022.