SUPERYACHT INDUSTRY SET TO BOOM
The Morrison government has just passed the Special Recreational Vessel Bill, allowing foreign charter superyachts to enter Australia under a temporary Coastal Trading Licence.
David Good, CEO of Superyacht Australia welcomed the news of the legislation passing Parliament. “We commend the Morrison Government for recognising that now is the critical time to act. Huge events in the Pacific over the next 18 months will mean large numbers of superyachts will be in our region. The Tokyo Olympics in July 2020 and the Americas Cup in Auckland in 2021 are expected to bring around 160 superyachts to our region. The high value travellers that this will bring to regional Australia is significant. Tourism Australia has been working with Superyacht Australia to ensure our country’s signature experiences are well marketed to these potential charter clients. The 11,800 jobs this will create again mostly in regional areas is something the government should be proud of.”
You can access the full media release here
Credit to Maddie Spencer (AIMEX)