174Ships must be insured against oil pollution

174 Ships must be insured against oil pollution

174 Ships must be insured against oil pollution

(1) The master and the owner of a ship are each guilty of an offence if the ship is in State waters without having adequate insurance.

Maximum penalty—

(a) in the case of an individual—$55,000, or

(b) in the case of a corporation—$110,000.

(2) In this section—

adequate insurance in relation to a ship means—

(a) such insurance or financial security against damage that may be caused by a discharge of oil or a mixture containing oil as the Minister—

(i) determines, by order, is adequate in relation to a particular ship or class of ships, or

(ii) approves in relation to a particular ship, and notifies in writing to the owner or master of the ship, or

(b) if a ship is required by the Protection of the Sea (Civil Liability) Act 1981 of the Commonwealth to carry a relevant insurance certificate on board, such a certificate in respect of the ship that is in force.

relevant insurance certificate has the same meaning as in the Protection of the Sea (Civil Liability) Act 1981 of the Commonwealth.

s 174: Am 2021 No 8, Sch 1.2[186].