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Economic benefits of improved regulation in the Australian trucking industry

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16 May 2019

In 2011, it was predicted that the Heavy Vehicle National Law (HVNL) would deliver up to $12.4 billion in economic benefits.

In 2018, the ATA commissioned Deloitte Access Economics to test whether those benefits had been delivered, and to make policy suggestions for the future.

The report shows that the law has failed to achieve its economic objectives. The productivity of the transport, postal and warehousing sector has fallen steadily since it came into force in 2014.

The report puts forward 16 policy suggestions and models the benefits of reforming the law. The report finds that reforming the law would:

  • save the trucking industry $1.8 billion a year by 2050
  • reduce vehicle operating costs by 3.7 per cent
  • reduce the costs of Australian industries by $900 million a year
  • save a typical Australian household more than $400 per year on their everyday household purchases.

 

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