Please select your home edition
Edition
Musto 728x90 3

Superyacht Australia clarifies carbon tax information

by AIMEX-Superyacht Australia on 10 Jun 2013
SUPERYACHTS - Andrea Francolini AIMEX ©
Superyacht Australia has sought confirmation from the Australian Tax Office which clarifies recent incorrect and misleading media reports of increasing taxes for superyachts wanting to cruise in Australian waters. The ATO has confirmed that superyachts visiting Australia to cruise recreationally are not subject to the carbon tax increase. In an article published by SuperaychtNews.com on 30 June 2013 ‘Superyachts, expect to be taxed for entering Australian waters’ it was intimated that the carbon tax would affect superyachts visiting Australia. A spokesperson from the Australian Taxation Office (ATO) today confirmed that 'Excise or customs duty rates for diesel and other liquid fuels are not changing. If you operate a vessel (including super yachts) in Australian waters for recreational purposes, the fuel you purchase has excise or customs duty included in the price. The duty rate is AUD 38.143 cents per litre and will continue to be this rate from 1 July 2013. If you leave Australian waters you are still entitled to claim a refund of the full duty amount for the fuel remaining on board from the Australian Taxation Office (ATO). For more information, refer to Bunker fuel and private yachts on the ATO website. You are unable to claim fuel tax credits for the fuel you acquire for use in recreational vessels. Fuel tax credits provide a credit for the fuel tax (excise or customs duty) included in the price of fuel used in business activities or for domestic electricity generation only.' The release was derived from an incorrect interpretation of a port alert released by the Inchcape Shipping Services (ISS) to inform their stakeholders of the increase in Australian carbon taxes from 1 July 2013. Superyacht Australia Chairman Barry Jenkins commented that 'Australia’s fuel is comparatively well priced against global prices. Australia regularly supplies duty free fuel to cruising vessels departing Australia and also applies the full $0.38143 per litre excise refund to each vessel and this is not subject to change.' More at www.aimex.asn.au and www.superyacht-australia.com
Zhik Isotak Ocean 660x82Sail Port Stephens 2017 660x82Sail Exchange 660x82 1

Related Articles

Ayr, Airlie Beach and the Whitsundays to meet Cyclone Debbie
Having intensified to a Cat4 TC now, Debbie is expected to hit during the course of Monday night and into Tuesday mornin Having intensified to a Cat3 TC now and Cat4 when it will make landfall, Debbie is expected to hit during the course of Monday night and into Tuesday morning (0400hrs). Thus far, there have been police enforced evacuations around Ayr, as it is expected that this will be the biggest event since the all-powerful TC5 Yasi hit back in 2011. There are also reports of residents refusing to leave
Posted on 26 Mar
X-Yachts advisory board announces ambitious strategy plan
X-Yachts now has three unique and different ranges. All three lines will be further developed and refined. Catering for a complete cross section of sailors prioritising Superb Sailing Pleasure, X-Yachts now has three unique and different ranges. All three lines will be further developed and refined.
Posted on 24 Mar
Bond meets Matrix as Garmin sponsors NSW IRC title
Garmin’s Marine Manager Jason Browne says the experimentation goes beyond anything seen on the local yachting scene Best known in the marine industry for its GPS chartplotters, fishfinder/sonar technology and radars, the electronics company is now infiltrating the high-performance yachting market in a big way following the buyout of instruments manufacturer Nexus.
Posted on 23 Mar
Docklands Boat Show – This weekend!
For the second year in a row, come and check out over 20 boats on display at the Melbourne City Marine For the second year in a row, come and check out over 20 boats on display at the Melbourne City Marine located at the West Dock in the Docklands, Melbourne this weekend.
Posted on 22 Mar
Gold Coast International Boat Show eclipses all previous records
Boating enthusiasts turned out in record numbers for Queensland’s biggest boat show and significant economic benefits Boating enthusiasts have turned out in record numbers for Queensland’s biggest boat show and the significant economic benefits from the show’s record sales are now set to energise the marine industry for many weeks, months and years.
Posted on 21 Mar
St. Barth’s Super Yacht Regatta - Final Day
Today was the final day of racing of the St. Barth’s Bucket, the annual Super Yacht regatta down here in the Caribbean. Today was the final day of racing of the St. Barth’s Bucket, the annual Super Yacht regatta down here in the Caribbean. I sailed as tactician onboard Rosehearty, once again, with my friend Joey Kaempfer and a fantastic team. We trained a bit on Wednesday and Thursday last week and had one race a day beginning on Friday.
Posted on 20 Mar
South African sailors rescued off WA coast
Three South African sailors have been winched to safety in the remote Indian Ocean Three South African sailors have been winched to safety in the remote Indian Ocean, after their mast broke on the way to New Zealand. The stricken yacht was 1300km off the Australian mainland's most south westerly point. The Australian Maritime Safety Authority (AMSA) says the men had been sailing from South Africa to New Zealand
Posted on 19 Mar
Our biggest clearance ever
Elastic pique polo with sleeve badges and embroideries at chest and back. Back of collar with three-colour stripe design Fashionable elastic pique polo with sleeve badges and embroideries at chest and back. Back of collar with three-colour stripe design.
Posted on 16 Mar
Gold Coast International Boat Show and Marine Expo opens this Friday
Queensland’s biggest boat show at Coomera, the three-day Gold Coast International Boat Show and Marine Expo Queensland’s biggest boat show at Coomera, the three-day Gold Coast International Boat Show and Marine Expo, this year has a record Fleet of Firsts – all the new-year releases and all in one giant location.
Posted on 15 Mar
Securely moored to the quay, or cast adrift?
With boating, you have to cast the lines off in order to go and get into it. With boating, you have to cast the lines off in order to go and get into it. However, when it comes to your insurer, you kind of expect that they’re going to be as bound to you as the standing rigging is to the mast, the ring frames to the hull, or the engine mounts to the runners, and the propellers to the shafts, skegs and cutlass bearings. Whom would you rather be insured with?
Posted on 15 Mar