AFIF and IATA have recently agreed on changes to the Cargo Agency Agreement, for Australia, aimed at modernising and reflecting the current business arrangements between airlines and forwarders in Australia.
Many components of the proposed program reflect the new cargo agency agreement operating in Europe since May of last year. The general assembly of IATA member airlines operating into and out of Australia have agreed to the changes and following the IATA Cargo Agency Conference meeting in Lisbon March 10/11, it has been approved for introduction, subject to granting of approval by several countries' Governments whose Airlines and trade relationships may be affected.
It may be some time before it will become effective in Australia due to these worldwide governments approvals, however it is likely to be implemented by October this year.
In the meantime, revised Financial criteria is the subject of local negotiation and, when finalised, we will be highlighting the main changes and their effect to your business. However, suffice to say, there should be no detriment and most definite improvements to the outdated agreement you are working under at the moment.