sail-world.com
 
 
News Home Cruising Photo Gallery Video Gallery
Sail-World.com : Government sneaks through the 'Affordable Boat Act'
Government sneaks through the 'Affordable Boat Act'

'Affordable boats - a great boost to the economy, say experts'    .

Sitting until the early hours of the morning, the government has just sneaked through a new law called: 'The Affordable Boat Act' declaring that every individual or family unit MUST purchase a new boat once they reach a certain level of combined income. These 'affordable' boats will cost an average of $54,000-$155,000 each, dependent on income, and will provide a much-needed boost to the economy, according a statement from the Finance Ministry this week. This does not include taxes, trailers, towing fees, licensing and registration fees, fuel, docking and storage fees, maintenance or repair costs.

This law has been passed, because until now, typically only wealthy and financially responsible people have been able to purchase boats. This new law ensures that every citizen can now have a 'affordable' boat of their own, because everyone is entitled to a new boat. The law is scheduled come into force by the beginning of the new financial year, but if you purchase your boat before the end of the year, ie. by June 30, you will receive 4 free life jackets, not including monthly usage fees.

In order to make sure that the boats purchased are affordable, the costs of owning a boat will increase on average of of between 8% and 40% per year, dependent on the initial price of the boat, itself dependent on individual or combined family income.

This way, wealthy people will pay more for something that other people don’t want or can’t afford to maintain. 'But to be fair,' government spokesperson Melody Welch said, 'people who can’t afford to maintain their boat will be fined, with penalties for non-payment.'

In recognition of the special needs of youth in the workforce, individuals under the age of 26 are exempt from the new law, but can use their parents boats to party on until they turn 27. Then they must purchase their own boat.

If you already have a boat, you can keep yours for the first twelve months after the Affordable Boat Act becomes law. After that you will be required to comply with the legislation and acquire a boat commensurate with your individual or combined family income.

'If individuals claim that they don’t want or don’t need a boat, they are required to buy one anyway, as this will be an excellent stimulus to the economy,' added Welch. 'If you refuse to buy one or can’t afford one, you will be regularly fined until you purchase one, or face imprisonment. Fines will be set according to income. For instance someone earning $150,000 will be fined $800 per quarter.

'Failure to use the boat will also result in fines. People living in the desert, ghettos, inner cities or areas with no access to lakes are not exempt. Age, motion sickness, experience, knowledge, nor lack of desire are acceptable excuses for not using your boat.'

A government review board is to be set up to administer the law. To make sure that maximum use is made of boats, the administration will include regulating such things as when, where, how often and for what purposes you can use your boat along with how many people can ride your boat, and determine if one is too old or healthy enough to be able to use their boat.

They will also decide if your boat has outlived its usefulness, or if you must purchase specific accessories (like a compass, GPS or EPIRB, which are all to be priced at under $1,000) , or a newer and more expensive boat. Those who can afford sailing yachts will be required to do so.

Individuals and family units may decide the name of the boat, but this must be approved by the review board. Failure to comply with these rules will result in fines and possible imprisonment.

Government officials are exempt from this new law. If they want a boat, they and their families can obtain boats free, at the expense of taxpayers.

Officials of Unions, bankers and mega-companies with large political affiliations are also exempt.

Sail-World is indebted to certain sources within the government for keeping track of earlier versions of this Act, (the HullTruth and others) and leaking the final version, printed above.


by Nancy Knudsen


  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=120605

12:22 AM Tue 1 Apr 2014GMT


Click here for printer friendly version
Click here to send us feedback or comments about this story.







News - USA and the World





Volvo Ocean Race: Update from Team Vestas Wind in images by Richard Gladwell/Sail-World.com/nz,




Fort Lauderdale International Boat Show - 13 things to See and do by Fort Lauderdale International Boat Show,






Audi Melges 20 World Championship - Classic Garda conditions on day 2 by International Audi Melges 20 Class Association,
























Audi Melges 20 World Championship - Alessandro Rombelli's 'STIG' leads by International Audi Melges 20 Class Association,




























Aldo Alessio Regatta - Three days of tight racing
PWA Alacati World Cup - First blood to Van Der Steen and Offringa
Oakcliff Sailing hosts the Nacra 17, 49er and 49erFX Nationals + Video
International 18ft Skiff Regatta underway on San Francisco Bay
Maxi Yacht Rolex Cup 2014 - Quality fleet for Maxi Classic
Sailing Champions League - which is Europe's best sailing club?
Weta fun at the Wine & Roses Regatta
Extreme Sailing Series: The Wave, Muscat claims victory on Cardiff Bay
International 14 World Championships 2015: Not just for boys
Rio de Janeiro achieves 50% treatment of sewage outflow *Feature
2014 AWT Quatro Desert Showdown - Event memorable videos
2014 18' Skiff Int Regatta: Day 1 at San Francisco - Reversal on beach
Emirates Team NZ: Last race boost cannot save team from table bottom
PWA Alacati World Cup - Furious slalom is upon us
J/111 World Championships - The Winner is Shmokin Joe!
J/24 US National Championship - Victory for Will Welles’ Cougar
Extreme Sailing Series: View the Final Day's action - Replay
NYYC Grandmasters Team Race - Reign continues for Noroton Yacht Club
WSSR announces new World Record Around Britain and Ireland
IFDS Worlds 2014 - Final day photos by Tim Wilkes
2014 Detroit Cup - Morvan wins   
Newport Bucket Regatta 2014 -Images by George Bekris   
IFDS Worlds 2014 - Final report: USA qualifies for Rio 2016   
Extreme Sailing Series: Absent With-Out Leave – Ben Ainslie Racing   
2014 IFDS World Championship - New champions claim medals   
2014 IFDS World Championships - Sunday’s race images by Tim Wilkes   
Shark World Championships underway in Toronto   
Anna Tunnicliffe: Alinghi second o'all - Extreme Sailing Series, Day 3   
Formula Kite World Championships - Nocher and Bridge crowned Champions   
Emirates Team NZ: Frustrating Day 3 in Extreme Sailing Series, Cardiff   
Extreme Sailing Series: Light winds help The Wave Muscat - Day 3   
Extreme Sailing Series 2014 Act five - Absent without leave – the wind   
IFDS Worlds 2014 - Images: Race day five   
Herreshoff Classic Regatta 2014 - Images by Ingrid Abery   
Youth Olympics - Gold to Argentinean and Chinese Techno 293 racers   
Youth Olympics Games Nanjing - Double Youth Olympic Gold for Singapore   
Sevenstar Round Britain and Ireland Race 2014 - Two Handers celebrate   
Audi Melges 20 U.S. National Championship 2014 - Brazilian dance party   
IFDS Disabled Sailing Worlds Day 5 - USA fighting for Rio 2016 Berths   
J/111 World Championship 2014 - Day 4: Shmokin Joe consolidates lead   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL VIR US
LocalAds   DE  ES  FR  IT