Marine icon mak­ing a fresh start

Busi­nesses will pay for pri­vacy law

Weekend Gold Coast Bulletin - - BUSINESS -

BUSI­NESSES face an ex­pen­sive tech­nol­ogy headache after changes to na­tional pri­vacy laws passed the Se­nate last month, South­port Cham­ber of Com­merce pres­i­dent Laird Mar­shall says.

The Pri­vacy Amend­ment (No­ti­fi­able Data Breaches) Bill, to come into force in Fe­bru­ary next year, re­quires busi­ness with rev­enues of more than $3 mil­lion to puts plans in for pos­si­ble data breaches.

Fail­ure to com­ply could lead to fines of up to $1.8 mil­lion for or­gan­i­sa­tions and $360,000 for in­di­vid­u­als. Those that take pre-emp­tive or re­me­dial ac­tion may be ex­empt from the no­ti­fi­ca­tion re­quire­ments.

Mr Mar­shall, who is also man­ag­ing di­rec­tor of Ac­count­able List Bro­kers, said busi­nesses with out­dated sys­tems would have to ded­i­cate sig­nif­i­cant money and time to take steps to com­ply the new laws.

“Or­gan­i­sa­tions with a turnover higher than $3 mil­lion, as well as some small busi­nesses, pri­vate health ser­vice providers, and many gov­ern­ment agen­cies will be re­quired to ad­dress data breaches.”

Mr Mar­shall said busi­nesses sus­pect­ing their data had been breached would need to di­rectly con­tact all in­di­vid­u­als at risk, or com­mu­ni­cate the breach via other me­dia to a wider au­di­ence. THE new own­ers of South­port’s Nitro Marine are hop­ing to chart a new course for the strug­gling busi­ness, which has been a fix­ture of the Gold Coast boat­ing scene for nearly four decades.

Mark Saveall took over the run­ning of Nitro Marine, es­tab­lished in 1980, one month ago with the fi­nan­cial back­ing of a Gold Coast in­vestor.

The busi­ness sells and ser­vices boats from its 1200 sqm Smith St premises.

Nitro was named en­gine maker Mer­cury Marine’s dealer of the year for 2007, when it was owned by Michael and Therese Wright, but busi­ness has since de­clined.

Mr Saveall, who spent 10 years work­ing for Har­vey Nor­man and more re­cently at McGrath Es­tate Agents, de­scribed him­self as a “pas­sion­ate fish­er­man” who jumped at the op­por­tu­nity to man­age Nitro when it came to the mar­ket.

“It seemed like an awe­some op­por­tu­nity to turn a flag­ging busi­ness around,” he said.

“This used to be the No.1 Mer­cury dealer in Aus­tralia. It cer­tainly is not No.1 at the mo­ment but we in­tend to get there again if we have our way.”

Mr Saveall vis­ited the busi- ness as a “se­cret shop­per” prior to the pur­chase and im­me­di­ately iden­ti­fied a num­ber of ar­eas that could be im­proved.

“The first thing we did was bring in stock. They weren’t car­ry­ing any stock. If some­one wanted to buy an out­board mo­tor, they want to pick it up straight away and that was not hap­pen­ing.”

Mr Saveall said the prod­uct mix in the show­room did not cater to the Gold Coast mar­ket.

“Eighty-two per cent of boats sold are for the fish­ing mar­ket here on the Gold Coast,” he said.

“When we started here only 10 per cent of the stock was re­lated to the fish­ing in­dus­try. The rest was tai­lored to the jet­ski­ing and leisure boat mar­kets. It was the wrong mix.”

Fix­ing that in­cluded be­com­ing the ex­clu­sive dealer for Cur­rumbin-based alu­minium boat man­u­fac­turer Makocraft.

Mr Saveall said Makocraft, run by the Stessl fam­ily, has carved out a solid rep­u­ta­tion for pro­duc­ing qual­ity tin­nies.

“We think th­ese boats will be our big­gest seller. They are be­tween $20,000 and $25,000 de­pend­ing on the mo­tor used and it suits fam­i­lies. It is easy to drive be­cause it is like steer­ing a car. It is an all-rounder.”

He said they re­cently tested a Makocraft boat fit­ted with a 60-horse­power Mer­cury en­gine on the Broad­wa­ter.

“We got up to 55km/h. It per­formed ex­actly the way we wanted it to.”

In ad­di­tion to Makocraft, Nitro stocks six other brands at its South­port show­room, Tracker, Pi­o­neer, Crown­line, Tour­na­ment, Poly­craft and Mako.

Mr Saveall said it was im­por­tant the busi­ness had boats suited to mid-mar­ket and up­mar­ket buy­ers.

“We try to cater for ev­ery­thing for a $5000 tin­nie to a $200,000 off­shore fish­ing boat.”

He said the busi­ness pre­vi­ously lost money on sales and made up for it through ser­vic­ing and spare parts.

“We’re go­ing to change the busi­ness so our sales keep the doors open and what we make out of ser­vic­ing and spare parts is our profit mar­gin.”

Pic­ture: RICHARD GOSLING

Mark Saveall has taken over boat deal­er­ship and ser­vice cen­tre Nitro Marine, which has been on the Coast since 1980.

Laird Mar­shall

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