Stop being an anchor

this week, said his government had already made progress on visa, tax and maritime safety issues for superyachts.

But removing restrictions on foreign charters could add $1 billion to GDP, he said.

“The ability for foreignflagged superyachts to charter in Australia is the single-biggest inhibitor of growth in the superyacht industry,” Mr Robert said.

“It is holding back billions of dollars. That must change.”