Australian Parliament to Consider Bill for Foreign-Flagged Vessels to Gain Charter License
The Australian Parliament is hoping to pass the Special Recreational Vessels Bill 2019 that will allow foreign-flagged vessels to charter within Australian waters.
Two previous attempts have been made to allow foreign-flagged charter vessels to enter Australian waters and on both occasions the bills failed to pass through by a slim margin. However, with upcoming events in the South Pacific region including the Tokyo Olympics in 2020, the Millennium Cup in 2020 and the America’s Cup in 2021, the region is set to see more luxury yacht charter groups than ever.
Australia has excellent established infrastructure and has much to gain from visitors looking to discover such sights as Rainbow Beach, Tasmania, the Kimberleys and the most famous of all, the Great Barrier Reef and the Whitsundays.
Should the bill succeed, it would generate an estimated 11,800 jobs and $1.64 billion AUD for the Australian economy by 2021. More than half of the world’s 5,000 superyachts are commercially registered for charter, with that figure growing by around 150 each year. Small businesses and coastal communities undertaking yacht repair and refitting work would benefit the most from the increased visitors, with each vessel spending an average of 10-12% of the yacht’s value each year in service and repairs.
Some charter yachts currently available for charter in Australia:
TRUE NORTH – AUS$ 490,000/wk
50m | 36 guests | 20 crew
NOBLE HOUSE – US$ 250,000/wk
53m | 12 guests | 10 crew
60m | 12 guests | 15 crew
INFINITY PACIFIC – US$ 120,000/wk
40m | 10 guests | 8 crew
ONE WORLD – AUS$ 110,000/wk
31.5m | 12 guests | 6 crew
BLISS – AUS$ 23,500/wk
18m | 6 guests | 2 crew
CONCERTO – EUR€ 22,500/wk
22m | 6 guests | 2 crew