Proposed new travel compensation levy

Following the recent collapse of Ansett and Traveland the Australian Federation of Travel Agents (AFTA) is calling for a new levy on all travel transactions. The new levy would be used to compensate all customers affected by travel agent or airline failures.

At present the industry-funded Travel Compensation Fund (TCF) only provides compensation to customers of member travel agents.

‘Levy plan to compensate for failures', The Australian Financial Review, 07/12/01, p11.