MarineBusiness-World.com
 
 
News Home FishingBoating Photo Gallery Australian Cruising Sail-World Australia
Sail-World.com : Superyacht Australia: Charter regulation review high on priority list
Superyacht Australia: Charter regulation review high on priority list

'Ideal cruising grounds for superyachts'    . ©    Click Here to view large photo

Superyacht Australia continues to push hard for a relaxation of the government regulations around the chartering of superyachts. Superyacht Australia has been advised by Treasury that they are currently reviewing the Superyacht Australia submission.

CEO, MaryAnne Edwards stated, 'This is great news. Australia needs to remove this impediment to the growth of the superyacht sector and the government must realise that growth in jobs and revenue will be significant as a result of this.'

Superyacht Australia see the current regulations as a barrier to developing the superyacht industry in Australia and the industry is losing ground to other countries who have now addressed this issue.

It is Superyacht Australia’s estimation that if the policies were changed, they would see a doubling of the number of superyachts coming to Australia within two years and subsequently, a doubling of the economic benefit and return for the country.

Superyacht Australia also sees removal of this barrier acting as a green light to more investment in the industry.

In an environment where Australian exporters are hurting due to the high cost of manufacturing and the high Australia dollar, where global demand is down and where our tourism sector is facing tough competition, it seems the perfect timing for the government to act on this issue.

When one considers there are over 5,000 superyachts in the world and currently Australia is seeing less than two percent of these, the opportunity to grow the superyacht industry is huge.

The Australian government only needs to look at the Fiji and Tahiti examples and the significant revenue and profile these countries are receiving as a result of their new charter regulations.

MaryAnne Edwards stated, 'We need to make it simple for yachts to come and charter in Australia. Currently yachts wishing to charter must fully import the vessel and pay any duty and GST applicable.

'Given the value of a superyacht and the costs of this taxation versus what they would receive in charter revenue this equation simply does not stack up. However, if the regulations were relaxed more yachts would come here and the government would benefit hugely from the GST payable on charters and purchases.

This is a number one priority on our work program and we have another meeting scheduled with Treasury to provide an update on the results of other Asia Pacific countries relaxing their regulations. We will continue pursuing this issue until we get an outcome.'

For further information contact AIMEX at info@aimex.asn.au


by AIMEX/Superyacht Australia

  

Click on the FB Like link to post this story to your FB wall

http://www.marinebusiness-world.com/index.cfm?nid=101666

11:33 AM Mon 3 Sep 2012GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.

Click for further information on
2012 AIMEX news and events

Related News Stories:

28 Aug 2012  Sea Scoopa on display at the Powerhouse Museum, Sydney
28 Aug 2012  Sea Scoopa on display at the Powerhouse Museum, Sydney
27 Aug 2012  Superyacht Australia is being heard at all government levels
06 Jul 2012  BIA Victoria Awards - Ronstan wins in two categories




Marine Business News









































Great Barrier Reef plan released for comment by Queensland Minister for Environment,
















Brisbane Boat Show begins *Feature by Jeni Bone,










Abbott Government delivers on marine conservation promise
Garmin ClearVü™ with CHIRP sonar-chartplotter series
Multihull Central: Record sales, Outremer blog, Regattas and much more
Collinson FX Market Commentary: September 11, 2014 - Dollar rallies
Victorian Marina Industry hit with above average taxes and charges
4th Multihull Solutions Whitsunday Rendezvous an outstanding success
Lowrance signs exclusive partnership with Skeeter Boats
Get your entry in to win a Suzuki Powered Rigiflex Safety Boat
Collinson FX Market Commentary: September 10, 2014 - Apple inspires
Stefan Boating World launches new models at Brisbane Boat Show
Record numbers expected at 2014 Ocean Marina Pattaya Boat Show
British Sailing Team join forces with Zhik for new clothing range
Command Thrust outboards with Counter-Rotation find eager market
Collinson FX Market Commentary: September 9, 2014 - UK Breakup
Record sales driven by new interest in catamarans
Southport Yacht Club celebrates opening of 68th season *Feature
Brisbane Boat Show starts Friday - biggest in 10 years! *Feature
Marine Auctions adds new recruits *Feature
Ministerial advisory group launched by united marine industry sector
2014 Auckland on Water Boat Show: Coming up at the end of September
Australian research sheds light on ocean garbage gyres *Feature   
Sevenstar Yacht Transport names Kris Caren West Coast Representative   
New Masts for an historic Australian boat - the Young Endeavour   
Round the World racer joins Southern Pacific Inflatables   
Dinghy foiling takes off around the world   
2014 Gold Coast Int'l Marine Expo - Quintrex factory opens its doors   
New exhibition explores role of Royal Australian Navy in WWI   
18 anti-piracy weapons for ships to fight pirates   
Hamilton Island Audi Race Week 2015 - Accommodation options   
Sydney Sailboat Expo 2015 site confirmed   
Skysol Frame Large: A new shading solution for sunroofs   
Collinson FX Market Commentary: September 6, 2014 - Russian control   
Collinson FX Market Commentary: September 5, 2014 - Nervous Election   
Collinson FX Market Commentary: September 4, 2014 - 'Rock-star' fades   
Enerdrive, national distributor for Fischer Panda Generators   
New earlier date for ICA’s Cruising Prep Seminar proving popular   
Southern Spars One Design complete 500th J/70 rig   
Camper & Nicholsons Yachts presents the Sagitta 42   
Brunswick Marine in EMEA announces intuitive user interface   
Hutchwilco expands sales and marketing team   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News





Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL NEW MBW
LocalAds   DE  ES  FR  IT