Superyacht Australia has asked the Australian government to review regulations affecting superyacht chartering in country waters.
The number of yachts coming to Australia would double if charter regulations were relaxed, according to a Superyacht Australia statement, and revenue for the country would also double.
Fiji, after relaxing its charter regulations, returned more than $3 million from five charters in 2011, the statement said.
This recommendation to open the superyacht charter market is supported by the government’s 2020 strategy focused on attracting high-yield tourists looking for high-end quality products.
“The potential for Australia is enormous,” said MaryAnne Edwards, CEO of Superyacht Australia. “If we don’t act now to address the barriers to growth, our competition particularly in Tahiti, Fiji and New Zealand will be firmly established, leaving us behind. The economic return to the country and the jobs it would create is significant. There is really no downside to this issue as the government is receiving no revenue from this charter sector currently as we are being bypassed for countries that make it easier for visiting superyachts to charter.”
Some of the restrictions include the 35m rule in the Great Barrier Reef, pilotage costs and the need for increased infrastructure.