Hope tax cuts sail through
THE Far North marine industry is cautiously optimistic about a Federal Government plan to drive growth in the superyacht industry by removing exorbitant taxes on operators.
Tourism Minister Steven Ciobo announced the government would “remove the prohibitive costs related to the importation of a vessel and reduce the required number of chartered voyages from five to one” in an effort to build the lucrative industry.
The Federal Opposition remains unconvinced legislation introduced to parliament on Wednesday would achieve that goal. A spokesman says Labor will go over the amendments with a fine-tooth comb before deciding whether to support the Bill.
Opposition tourism spokesman Anthony Albanese suggested the government had raised the white flag on having a functional domestic shipping industry.
“This is a government that has been prepared to destroy the Australian shipping industry because, rather than having Australian workers who are members of unions, it prefers to have foreign workers being paid foreign wages on foreignflagged ships around our coasts,” he said.
Cairns superyacht agent Carrie Carter stopped short of celebrating the legislation’s introduction to parliament.
“We’ve been fighting for it for 10 years now so I don’t want to jeopardise it,” she said.
“It’s great we’ve got the support. Let’s just hope the rest of them come on board to pull this over the line.
“It’s still too early to really comment on.”
Ms Carter said the Cairns Marlin Marina was fully booked with only a few remaining vacancies in October. Audi Choice^ is for those who like to know where they’re headed. It means you can guarantee your Audi’s minimum future value^ at the time of purchase – letting you plan for the future. And, at the end of your Audi Choice^ contract, you can select from three options: trade-in, retain or return.