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











































Understanding the Ocean's role in Greenland Glacier melt by Woods Hole Oceanographic Institution (WHOI),










Revealing report on Search for American yacht Nina released *Feature by Rob Kothe and the Sail-World team,














Auckland on the Water Boat Show: Two new Bavaria yachts on display
AYSS PacificNet/Tahiti voted a success!
Collinson FX Market Commentary: July 15, 2014 - Rising interest hits
July 2014 edition of Finnfare has been published
Taiwan's first marina a Superior effort *Feature
Vaavud launches generation 2 wind meter
Research highlights marinas economic, social and environmental benefit
Solar 1 Monte Carlo Cup 2014 - Monaco sunshine new fuel for motorboats
Hamilton Island Audi Race Week 2014 - Accommodation options
Rio cleaning up its act in the lead up to Olympic sailing test event *Feature
Collinson FX Market Commentary: July 12, 2014 - KIWI heads to 90c
National Squib Owners Association and Rondar Raceboats join forces
Collinson FX Market Commentary: July 11, 2014 - Portugal bank defaults
Sydney International Boat Show updates
Portland’s new state-of-the-art boat ramp officially opened
Collinson FX Market Commentary: July 10, 2014 - KIWI hits higher
SECUMAR appoint new sales director
Collinson FX Market Commentary: July 9, 2014 - New stat pushes ANZACs
Your invitation to the Seawind 1160 LITE World launch
APSNZ appoints Duthie Lidgard as new MD
Abell Point Marina looking shipshape   
Oceanis 48 at the Sydney International Boat Show   
Bar Crusher's fully-enclosed fishing weapons   
World premieres and national debuts for Sydney International Boat Show   
Marine Auctions experiencing rising tide of interest *Feature   
Télégramme Group acquires majority stake in OC Sport   
Barnacle-encrusted Mercury outboard starts after lengthy submersion   
Auckland On Water Boat Show to hold world record attempt   
Zodiac at Sydney International Boat Show 2014 – Australian   
Gold Coast International Marine Expo - Exhibitor space filling fast   
Countdown to Sydney International Boat Show *Feature   
Collinson FX Market Commentary: July 5, 2014 - AUD jaw boned lower   
Collinson FX Market Commentary: July 4, 2014 - AUD Overvalued   
Cannes Yachting Festival - Oceanic Yachts 90' STS to premiere   
Global Marina Institute recognises marina professionals worldwide   
Ferretti Group continues to grow internationally   
Mobiles drive traffic - 72% increase in Sail-World.com page view *Feature   
Auction - Beneteau First 47.7 - Sintara   
Fusion achieves industry-wide acceptance of FUSION-Link   
BSE Brisbane Slipways open for business as normal   


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