Please select your home edition
Edition
BandG Triton2 AUS 728x90

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
Harken AUS HL Snatch Block 660x82Sail Port Stephens 2017 660x82Wildwind 2016 660x82

Related Articles

Just three weeks until you can see it all first at GC Intl Boat Show
Boating enthusiasts will find everything they need to have fun on the water all in one place Boating enthusiasts will find everything they need to have fun on the water all in one place when the first major Australian boat show for 2017 gets underway on Queensland’s Gold Coast in just three weeks.
Posted today at 4:09 am
New Drew Marine Signal & Safety AUS General Manager of Operations
Drew Marine Signal & Safety Australia announce the appointment of its new General Manager of Operations, Fenton Long. The world's leading supplier of marine pyrotechnic distress signals, Drew Marine Signal & Safety, announces the appointment of its new General Manager of Operations for Drew Marine Signal & Safety Australia, Fenton Long.
Posted on 22 Feb
'Row like a Girl' Atlantic record breaker joins Zhik
Olivia Bolesworth, one of Row like a Girl Atlantic crossing record-breakers joined Zhik as Corporate Activation Manager. Olivia Bolesworth, one of the Row like a Girl Atlantic crossing record-breakers, has joined Zhik as Corporate Activation Manager. Olivia, a design graduate from Bristol UWE, was one of the youngest and fastest females to row across the Atlantic, breaking two world records and finishing second overall in the event.
Posted on 22 Feb
2017 Jeanneau Rendezvous at the inaugural Sail Peninsula Regatta
Some photos taken by LaFoto at the 2017 Jeanneau Rendezvous which was part of the inaugural Sail Peninsula Regatta. The 2017 Jeanneau Rendezvous was part of the inaugural Sail Peninsula Regatta from Martha Cove on Victoria's Mornington Peninsula. It was a great regatta with a stern chaser race held on the Friday night, followed by a long distance race to Blairgowrie on Saturday in a glamorous five to ten knots, then finally an awesome medium distance race off Safety Beach in 25-35 knots...
Posted on 21 Feb
Abell Point are making quite a splash!
Abell Point Marina, has seen significant infrastructure and service upgrades since it came under new ownership in 2013. With a strong focus on continuous improvement, Abell Point Marina, the popular Queensland marina precinct, has seen significant infrastructure and service upgrades since it came under new ownership in 2013. Achieving first global 5 Gold Anchor accreditation in world in 2016 cemented Abell Point’s position in the marina industry and 2017 will see some newsworthy additions to the Abell Point offer.
Posted on 21 Feb
Hamilton Island Race Week 2017 - Accommodation options
Have you booked your accommodation for Hamilton Island Race Week 2017? Have you booked your accommodation for Hamilton Island Race Week 2017? All the best properties book out early, so make sure you book soon to secure your preferred option.
Posted on 20 Feb
Super Series Sailing Spectacular
News arrived of at least one Australian outfit going for a new build 52. Someone had to entertain Beau Geste and SMB During the week, news arrived of at least one Australian outfit going for a new build 52. Someone had to keep Beau Geste and SMB entertained at the sharp end of the 52 bracket. Two other camps were linked to other former 52 Super Series craft, Phoenix and Spookie, but the one touted as going after Phoenix has denied it, saying that Hasso (SAP) Plattner of Germany has bought her.
Posted on 20 Feb
More marina space and exciting firsts for GC Boat Show and Marine Expo
More marina space and exciting additions to an impressive Fleet of Firsts have set scene for a colossal marine showcase More marina space and even more exciting additions to an already impressive Fleet of Firsts have set the scene for a colossal marine showcase both on water and on land on Queensland’s Gold Coast from 17-19 March.
Posted on 17 Feb
Tenth blog from on board Perie Banou II
The irrepressible, charismatic and yarn-spinning record-breaker known as Jon Sanders is back sailing the oceans The sailor who cannot garden; the irrepressible, charismatic and yarn-spinning record-breaker known as Jon Sanders is back sailing the oceans he knows so well. After his ribs episode on the quay in Cape Town, and making more friends everywhere he goes, Jon is now making for St Helena. So here, in his typical rapid-fire style are his latest exploits...
Posted on 17 Feb
B&G adds enhanced Navionic functionality to Zeus and Vulcan range
B&G® announces the latest updates will bring PredictWind weather services direct to Zeus and Vulcan chartplotter range. B&G®, the world’s leading sailing navigation and instrument specialist, is pleased to announce the latest in its software updates will bring PredictWind weather services direct to its Zeus and Vulcan chartplotter range.
Posted on 16 Feb