Please select your home edition
Edition
X-Yachts X4.0

Victorian Marina Industry hit with above average taxes and charges

by Colin Bransgrove on 11 Sep 2014
Stefan Borzecki, MIA Victorian Director and owner of Yaringa Boat Harbour. Marina Industries Association of Australia
Victorian marinas have the highest lease, tax and payroll costs of marinas in any state of Australia according to independent research commissioned by the Marina Industries Association (MIA). Victorian marinas lease, tax and payroll costs accounted for a whopping 61.2% of gross revenue compared to the national average of 44%. Tasmania and WA were lowest at 37% and 38% respectively.

The research was conducted by the Recreational Marine Research Centre, Michigan State University using industry data from the 2012-2013 financial year. The data was collected from 163 of Australia’s 347 marinas.

More specifically lease and tax charges paid by Victorian marinas averaged 32% of gross revenues compared to the national average of 20%. This was 12% above the next highest State SA which was 20.6%. NSW was 19% and QLD 18%.

According to Stefan Borzecki, MIA Victorian Director and owner of Yaringa Boat Harbour these figures highlight one of the challenges industry face in Victoria. 'On the one hand we have good demand for services at Victorian marinas including berthing, repairs and associated activities. This is reflected by the research findings that Victorian marina berth occupancies are at 88%, or 5% above the national average. As it is so difficult to build or extend a marina in Victoria, demand should continue to grow and gross turnovers increase.

Unfortunately this does not necessarily translate into growth in net profit. The staggering percentage Victorian marinas pay in lease, tax and payroll costs has a lot to do with this. These excessive costs also reduce a marina businesses capacity to employee more staff to meet the growing demand.'

The research indicated that across Australia marinas provide employment for approximately 19,000 people. Boating Industry Association Victoria CEO Steven Potts said 'the research demonstrates that Victorian marinas are very important employment hubs along the Victorian coast. We need to fully support the marinas so they can continue to foster new job creation in Victoria'.

The full research report can be found on the MIA web site.
Vetus-Maxwell 2021 v2 FOOTERRooster 2025Selden 2020 - FOOTER

Related Articles

Rolex TP52 World Championship preview
The pinnacle event of the 52 SUPER SERIES will be held at Cascais The annual Rolex TP52 World Championship represents the top tier of monohull grand prix sailing. Held as the pinnacle event of the 52 SUPER SERIES, of which Rolex is also Official Timepiece, the regatta is one of the most revered in the sport.
Posted today at 9:01 am
Gitana 18, a new off the wall work
A 32-metre long and 23-metre wide flying carbon giant is taking shape For the past eighteen months, a new Maxi Edmond de Rothschild, a 32-metre long and 23-metre wide flying carbon giant, has been taking shape hidden from view behind the doors of the CDK Keroman shed in Lorient.
Posted today at 6:01 am
One month till close of entries into Mackay ‘25
Entries close July 18! Today marks one month till close of entries into Mackay '25!
Posted on 18 Jun
Competitors readying for epic battle
Distance racing is inherently an uncomfortable sport Enjoying a spectacular evening cocktail reception overlooking Newport Harbor, one competitor in the upcoming Transatlantic Race 2025, which starts tomorrow off Castle Hill Lighthouse just after 1 pm.
Posted on 18 Jun
Finn World Masters in Medemblik day 3
Pieter-Jan Postma continues to lead after 5 races Pieter-Jan Postma, from The Netherlands, continues to dominate the Finn World Masters in Medemblik, The Netherlands, after a fifth race was sailed on Wednesday in a north-westerly breeze building from 8-12 knots during the afternoon.
Posted on 18 Jun
24th Argentario Sailing Week day 0
Historic boats from 9 nations have gathered in Porto Santo Stefano Historic boats have gathered in Porto Santo Stefano to take on the 24th edition of the prestigious Argentario Sailing Week, organised by the Yacht Club Santo Stefano with the tangible support of the Monte Argentario Municipal Council.
Posted on 18 Jun
29th Superyacht Cup Palma fleet is ready to go
Crews are now able to size-up the competition in their respective classes The owners, captains and crews of the spectacular array of yachts gathered for the 29th edition of the Superyacht Cup Palma are making their final preparations ahead of the start of racing next Thursday.
Posted on 18 Jun
Swan One Design Worlds kicks off
Practice race and opening ceremony in Costa Smeralda The crystal waters of the Costa Smeralda once again set the stage for one of the most anticipated events in the international racing calendar: the 2025 Swan One Design Worlds, hosted by Yacht Club Costa Smeralda in collaboration with ClubSwan Racing.
Posted on 18 Jun
Class40 top guns enter Rolex Fastnet Race
One of the most successful genre of offshore race boat ever Now 20+ years old, the Class40 has proved itself one of the most successful genre of offshore race boat ever.
Posted on 18 Jun
Finn World Masters in Medemblik Day 2
Pieter-Jan Postma leads after the second day of racing in The Netherlands Pieter-Jan Postma, from The Netherlands, is leading the fleet of 307 Finns from 27 countries after everyone sailed two more races at the 2025 Finn World Masters in Medemblik. France's Laurent Hay is second with Germany's Fabian Lemmel in third.
Posted on 17 Jun